Benelux: Market for Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides 2025

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

In 2021, the Benelux cobalt oxides and hydroxides market increased by 151% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption saw a buoyant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

In value terms, cobalt oxides and hydroxides production shrank to $X in 2021 estimated in export price. Over the period under review, production, however, saw significant growth. The growth pace was the most rapid in 2018 with an increase of 623%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Exports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Exports in Benelux

In 2021, approx. X tons of cobalt oxides and hydroxides and commercial cobalt oxides were exported in Benelux; growing by 19% compared with the previous year. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 19,791%. As a result, the exports attained the peak of X tons. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, cobalt oxides and hydroxides exports soared to $X in 2021. Over the period under review, exports posted a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of 22,495%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2021, Belgium (X tons) was the key exporter of cobalt oxides and hydroxides and commercial cobalt oxides, constituting 90% of total exports. It was distantly followed by the Netherlands (X tons), comprising a 10% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to cobalt oxides and hydroxides exports from Belgium stood at -14.5%. At the same time, the Netherlands (+28.9%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in Benelux, with a CAGR of +28.9% from 2012-2021. While the share of Belgium (+90 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the Netherlands (-89.6 p.p.) displayed negative dynamics.

In value terms, Belgium ($X) remains the largest cobalt oxides and hydroxides supplier in Benelux, comprising 90% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 10% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Belgium amounted to -19.3%.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per ton, growing by 53% against the previous year. In general, the export price enjoyed resilient growth. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.1%).

Imports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Imports in Benelux

In 2021, the amount of cobalt oxides and hydroxides and commercial cobalt oxides imported in Benelux surged to X tons, growing by 215% against the year before. Over the period under review, imports posted a significant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 30,130% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, cobalt oxides and hydroxides imports skyrocketed to $X in 2021. In general, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2018 when imports increased by 10,394% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

Belgium was the key importing country with an import of around X tons, which finished at 88% of total imports. It was distantly followed by the Netherlands (X tons), creating a 12% share of total imports.

Imports into Belgium decreased at an average annual rate of -11.1% from 2012 to 2021. At the same time, the Netherlands (+55.4%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in Benelux, with a CAGR of +55.4% from 2012-2021. From 2012 to 2021, the share of Belgium increased by +88 percentage points.

In value terms, Belgium ($X) constitutes the largest market for imported cobalt oxides and hydroxides and commercial cobalt oxides in Benelux, comprising 89% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Belgium stood at +29.8%.

Import Prices by Country

In 2021, the import price in Benelux amounted to $X per ton, jumping by 48% against the previous year. In general, the import price recorded a slight increase. The most prominent rate of growth was recorded in 2019 an increase of 87% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the Netherlands totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+46.0%).

Source: IndexBox Platform