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

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

The Spanish cobalt oxides and hydroxides market dropped to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, saw a perceptible expansion. Cobalt oxides and hydroxides consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

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

In value terms, cobalt oxides and hydroxides production contracted to $X in 2022 estimated in export price. Overall, production, however, showed buoyant growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Exports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Exports from Spain

In 2022, the amount of cobalt oxides and hydroxides and commercial cobalt oxides exported from Spain reduced to X tons, with a decrease of X% on 2021 figures. In general, exports, however, recorded a remarkable increase. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, cobalt oxides and hydroxides exports dropped to $X in 2022. Overall, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

Italy (X tons) was the main destination for cobalt oxides and hydroxides exports from Spain, with a X% share of total exports. Moreover, cobalt oxides and hydroxides exports to Italy exceeded the volume sent to the second major destination, Mexico (X tons), fourfold. The third position in this ranking was held by France (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and France (X% per year).

In value terms, Italy ($X) emerged as the key foreign market for cobalt oxides and hydroxides and commercial cobalt oxides exports from Spain, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Italy amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average cobalt oxides and hydroxides export price amounted to $X per ton, waning by X% against the previous year. Over the period under review, the export price, however, enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2018 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Mexico ($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 Portugal (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Imports into Spain

After two years of growth, supplies from abroad of cobalt oxides and hydroxides and commercial cobalt oxides decreased by X% to X tons in 2022. Overall, imports continue to indicate a slight downturn. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, cobalt oxides and hydroxides imports contracted notably to $X in 2022. In general, imports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Belgium (X tons), China (X tons) and Finland (X tons) were the main suppliers of cobalt oxides and hydroxides imports to Spain, with a combined X% share of total imports. Italy and the UK lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest cobalt oxides and hydroxides suppliers to Spain were Belgium ($X), China ($X) and Finland ($X), with a combined X% share of total imports. Italy and the UK lagged somewhat behind, together comprising a further X%.

Italy, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average cobalt oxides and hydroxides import price amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price saw strong growth. The pace of growth appeared the most rapid in 2017 when the average import price increased by X%. The import price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the UK ($X per ton) and Belgium ($X per ton), while the price for China ($X per ton) and Finland ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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