Portugal: Market for Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides 2024

Market Size for Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides in Portugal

The Portuguese cobalt oxides and hydroxides market declined significantly to $X in 2022, dropping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, posted a remarkable increase. Cobalt oxides and hydroxides consumption peaked at $X in 2021, and then contracted remarkably in the following year.

Exports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Exports from Portugal

In 2022, overseas shipments of cobalt oxides and hydroxides and commercial cobalt oxides increased by X% to X kg, rising for the second year in a row after two years of decline. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, cobalt oxides and hydroxides exports skyrocketed to $X in 2022. Overall, exports recorded a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Colombia (X kg) was the main destination for cobalt oxides and hydroxides exports from Portugal, with a X% share of total exports. Moreover, cobalt oxides and hydroxides exports to Colombia exceeded the volume sent to the second major destination, Tunisia (X kg), eightfold.

From 2012 to 2022, the average annual growth rate of volume to Colombia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tunisia (X% per year) and the United Arab Emirates (X% per year).

In value terms, Colombia ($X) remains the key foreign market for cobalt oxides and hydroxides and commercial cobalt oxides exports from Portugal, comprising X% of total exports. The second position in the ranking was held by Tunisia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tunisia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average cobalt oxides and hydroxides export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant expansion. The growth pace was the most rapid in 2019 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Angola (X%), while the prices for the other major destinations experienced mixed trend patterns.

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Imports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Imports into Portugal

In 2022, approx. X tons of cobalt oxides and hydroxides and commercial cobalt oxides were imported into Portugal; waning by X% on the year before. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then fell notably in the following year.

In value terms, cobalt oxides and hydroxides imports reduced slightly to $X in 2022. In general, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then fell modestly in the following year.

Imports by Country

Spain (X tons) and Italy (X tons) were the main suppliers of cobalt oxides and hydroxides imports to Portugal.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%).

In value terms, Spain ($X) constituted the largest supplier of cobalt oxides and hydroxides and commercial cobalt oxides to Portugal, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Spain stood at X%.

Import Prices by Country

The average cobalt oxides and hydroxides import price stood at $X per ton in 2022, surging by X% against the previous year. Overall, the import price posted prominent growth. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for Italy amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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