Central Asia: Market for Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides 2025

Market Size for Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides in Central Asia

The Central Asian cobalt oxides and hydroxides market soared to $X in 2021, with an increase of 19% against the previous year. Overall, consumption showed significant growth. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides in Central Asia

In value terms, cobalt oxides and hydroxides production rose markedly to $X in 2021 estimated in export price. The total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -8.7% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 48% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Exports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Exports in Central Asia

In 2018, approx. X kg of cobalt oxides and hydroxides and commercial cobalt oxides were exported in Central Asia; almost unchanged from 2017. Overall, exports recorded a relatively flat trend pattern. Over the period under review, the exports reached the maximum in 2018 and are likely to continue growth in the near future.

In value terms, cobalt oxides and hydroxides exports totaled $X in 2018. Over the period under review, exports continue to indicate a relatively flat trend pattern. The level of export peaked in 2018 and is expected to retain growth in the immediate term.

Exports by Country

In 2018, Kazakhstan (X kg) represented the largest exporter of cobalt oxides and hydroxides and commercial cobalt oxides in Central Asia, mixing up 100% of total export.

Kazakhstan experienced a relatively flat trend pattern with regard to volume of exports of cobalt oxides and hydroxides and commercial cobalt oxides. The shares of the largest exporters remained relatively stable throughout the analyzed period.

From 2018 to 2018, the average annual growth rate of value in Kazakhstan was relatively modest.

Imports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Imports in Central Asia

In 2021, the amount of cobalt oxides and hydroxides and commercial cobalt oxides imported in Central Asia rose rapidly to X tons, with an increase of 12% against the year before. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 9,123%. As a result, imports attained the peak of X tons. From 2020 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 posted significant growth. The pace of growth was the most pronounced in 2017 with an increase of 11,423% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Kazakhstan (X tons), followed by Uzbekistan (X tons) represented the main importers of cobalt oxides and hydroxides and commercial cobalt oxides, together committing 100% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Kazakhstan (with a CAGR of +76.8%).

In value terms, Kazakhstan ($X) and Uzbekistan ($X) appeared to be the countries with the highest levels of imports in 2021.

Kazakhstan, with a CAGR of +75.3%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review.

Import Prices by Country

In 2021, the import price in Central Asia amounted to $X per ton, increasing by 7.2% against the previous year. In general, the import price, however, continues to indicate a noticeable setback. The most prominent rate of growth was recorded in 2017 an increase of 287%. Over the period under review, import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (-0.9%).

Source: IndexBox Platform

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