Puerto Rico: Market for Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides 2024

Market Size for Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides in Puerto Rico

The Puerto Rican cobalt oxides and hydroxides market was estimated at less than $X in 2021, approximately reflecting 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). Overall, consumption showed a relatively flat trend pattern.

Exports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Exports from Puerto Rico

Cobalt oxides and hydroxides exports from Puerto Rico was estimated at less than X kg in 2021, remaining relatively unchanged against 2020 figures. Overall, exports showed a relatively flat trend pattern.

In value terms, cobalt oxides and hydroxides exports amounted to less than $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern.

Exports by Country

The shipments of the three major exporters of cobalt oxides and hydroxides and commercial cobalt oxides, namely China, Democratic Republic of the Congo and Belgium, represented more than two-thirds of total export. It was distantly followed by Taiwan (Chinese) (X tons), constituting a 6.5% share of total exports. The following exporters - the UK (X tons) and the Netherlands (X tons) - together made up 6.9% of total exports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +28.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest cobalt oxides and hydroxides supplying countries from Puerto Rico were China ($X), Belgium ($X) and Democratic Republic of the Congo ($X), with a combined 79% share of total exports. The UK, Taiwan (Chinese) and the Netherlands lagged somewhat behind, together accounting for a further 15%.

The Netherlands, with a CAGR of +36.8%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Puerto Rico stood at less than $X per ton in 2021, almost unchanged from the previous year. In general, the export price saw a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the UK ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+8.5%), while the other leaders experienced more modest paces of growth.

Imports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Imports into Puerto Rico

In 2021, approx. less than X kg of cobalt oxides and hydroxides and commercial cobalt oxides were imported into Puerto Rico; remaining relatively unchanged against 2020 figures. Overall, imports recorded a relatively flat trend pattern.

In value terms, cobalt oxides and hydroxides imports amounted to less than $X in 2021. Over the period under review, imports showed a relatively flat trend pattern.

Imports by Country

The United Arab Emirates was the key importer of cobalt oxides and hydroxides and commercial cobalt oxides in the world, with the volume of imports recording X tons, which was near 46% of total imports in 2021. It was distantly followed by South Korea (X tons), Tanzania (X tons), Zambia (X tons), Belgium (X tons) and Spain (X tons), together generating a 38% share of total imports. The United States (X tons), Brazil (X tons) and Japan (X tons) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the cobalt oxides and hydroxides and commercial cobalt oxides imports, with a CAGR of +14.2% from 2012 to 2021. At the same time, Spain (+4.8%) and Zambia (+1.9%) displayed positive paces of growth. Tanzania and the United States experienced a relatively flat trend pattern. By contrast, Japan (-3.2%), South Korea (-4.0%), Belgium (-11.1%) and Brazil (-13.5%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+24 p.p.), Tanzania (+10 p.p.) and Belgium (+4.7 p.p.) increased significantly in terms of the global imports from 2012-2021, the share of Japan (-1.8 p.p.), Zambia (-1.9 p.p.), the United States (-2.3 p.p.), Brazil (-8.2 p.p.) and South Korea (-15.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X), the United Arab Emirates ($X) and Belgium ($X) were the countries with the highest levels of imports in 2021, with a combined 51% share of total imports.

Among the main importing countries, Belgium, with a CAGR of +29.8%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Puerto Rico stood at less than $X per ton in 2021, approximately equating the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+46.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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