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

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

The Swedish cobalt oxides and hydroxides market shrank to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, showed a buoyant increase. 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 Sweden

In value terms, cobalt oxides and hydroxides production reduced to $X in 2022 estimated in export price. In general, production, however, saw a strong increase. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Cobalt oxides and hydroxides production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Exports from Sweden

In 2022, the amount of cobalt oxides and hydroxides and commercial cobalt oxides exported from Sweden surged to X kg, picking up by X% compared with the year before. In general, exports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of X%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, cobalt oxides and hydroxides exports surged to $X in 2022. Overall, exports saw a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

China (X kg), the United States (X kg) and Japan (X kg) were the main destinations of cobalt oxides and hydroxides exports from Sweden, together accounting for X% of total exports. Canada, Hong Kong SAR and Bahrain lagged somewhat behind, together comprising a further X%.

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

In value terms, China ($X), Bahrain ($X) and the United States ($X) were the largest markets for cobalt oxides and hydroxides exported from Sweden worldwide, together comprising X% of total exports. Japan, Canada and Hong Kong SAR lagged somewhat behind, together accounting for a further X%.

Canada, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average cobalt oxides and hydroxides export price stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price continues to indicate significant growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to Hong Kong SAR ($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 Japan (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 Sweden

In 2022, approx. X tons of cobalt oxides and hydroxides and commercial cobalt oxides were imported into Sweden; with a decrease of X% on the previous year's figure. Over the period under review, imports, however, showed a slight increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X tons, and then contracted dramatically in the following year.

In value terms, cobalt oxides and hydroxides imports fell dramatically to $X in 2022. Overall, imports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then contracted sharply in the following year.

Imports by Country

In 2022, Finland (X tons) constituted the largest supplier of cobalt oxides and hydroxides to Sweden, with a X% share of total imports. Moreover, cobalt oxides and hydroxides imports from Finland exceeded the figures recorded by the second-largest supplier, South Korea (X kg), eightfold. Italy (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Finland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Italy (X% per year).

In value terms, Finland ($X) constituted the largest supplier of cobalt oxides and hydroxides and commercial cobalt oxides to Sweden, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with an X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Finland amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average cobalt oxides and hydroxides import price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price showed a buoyant increase. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :