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

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

The SADC cobalt oxides and hydroxides market surged to $X in 2022, increasing by X% against the previous year. In general, consumption saw a significant expansion. The level of consumption peaked in 2022 and is likely to continue growth in years to come.

Production of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides in SADC

In value terms, cobalt oxides and hydroxides production shrank to $X in 2022 estimated in export price. Overall, production, however, enjoyed a strong increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Exports in SADC

Cobalt oxides and hydroxides exports fell notably to X tons in 2022, with a decrease of X% against the year before. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, cobalt oxides and hydroxides exports contracted rapidly to $X in 2022. Over the period under review, exports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Democratic Republic of the Congo represented the major exporting country with an export of around X tons, which reached X% of total exports. South Africa (X tons) took the second position in the ranking, followed by Namibia (X tons). All these countries together held approx. X% share of total exports. Zambia (X tons) held a relatively small share of total exports.

Exports from Democratic Republic of the Congo decreased at an average annual rate of X% from 2012 to 2022. At the same time, South Africa (X%), Zambia (X%) and Namibia (X%) displayed positive paces of growth. Moreover, South Africa emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. While the share of Democratic Republic of the Congo (X p.p.) and Namibia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (X p.p.) and Zambia (X p.p.) displayed negative dynamics.

In value terms, Democratic Republic of the Congo ($X) remains the largest cobalt oxides and hydroxides supplier in SADC, comprising X% of total exports. The second position in the ranking was taken by Namibia ($X), with a X% share of total exports. It was followed by South Africa, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Democratic Republic of the Congo was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Namibia (X% per year) and South Africa (X% per year).

Export Prices by Country

The export price in SADC stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price enjoyed resilient growth. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Zambia ($X per ton), while South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (X%), while the other leaders experienced more modest paces of growth.

Imports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Imports in SADC

Cobalt oxides and hydroxides imports soared to X tons in 2022, rising by X% compared with 2021. Over the period under review, imports posted a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

In value terms, cobalt oxides and hydroxides imports skyrocketed to $X in 2022. Overall, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Zambia was the major importer of cobalt oxides and hydroxides and commercial cobalt oxides in SADC, with the volume of imports reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Mozambique (X tons) and Namibia (X tons), together constituting a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Namibia (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest cobalt oxides and hydroxides importing markets in SADC were Zambia ($X), Mozambique ($X) and Namibia ($X), together accounting for X% of total imports.

Namibia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 SADC stood at $X per ton in 2022, with an increase of X% against the previous year. In general, the import price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2018 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mozambique ($X per ton), while Namibia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (X%).

Source: IndexBox Platform

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