Czech Republic: Market for Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides 2024

Market Size for Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides in the Czech Republic

In 2021, the Czech cobalt oxides and hydroxides market increased by 119% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption posted strong growth. As a result, consumption attained the peak level of $X; afterwards, it flattened through to 2021.

Exports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Exports from the Czech Republic

In 2021, approx. X tons of cobalt oxides and hydroxides and commercial cobalt oxides were exported from the Czech Republic; with an increase of 2,005% on 2020 figures. Over the period under review, exports, however, recorded a deep setback. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, cobalt oxides and hydroxides exports skyrocketed to $X in 2021. Overall, exports enjoyed a slight increase. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for cobalt oxides and hydroxides exports from the Czech Republic, accounting for a 97% share of total exports. It was followed by Slovenia (X kg), with a 1.6% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (-12.0% per year) and Slovakia (+17.2% per year).

In value terms, the United States ($X) emerged as the key foreign market for cobalt oxides and hydroxides and commercial cobalt oxides exports from the Czech Republic, comprising 98% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 0.9% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+16.3% per year) and Slovenia (-8.5% per year).

Export Prices by Country

In 2021, the average cobalt oxides and hydroxides export price amounted to $X per ton, increasing by 36% against the previous year. Over the period under review, the export price posted prominent growth. The pace of growth was the most pronounced in 2020 when the average export price increased by 280% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (+4.0%), while the prices for the other major destinations experienced a decline.

Imports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Imports into the Czech Republic

In 2021, overseas purchases of cobalt oxides and hydroxides and commercial cobalt oxides increased by 82% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports recorded notable growth. The pace of growth appeared the most rapid in 2018 when imports increased by 178%. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, cobalt oxides and hydroxides imports soared to $X in 2021. Over the period under review, imports recorded a prominent expansion. The growth pace was the most rapid in 2018 with an increase of 199% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

Belgium (X tons), Poland (X tons) and Finland (X tons) were the main suppliers of cobalt oxides and hydroxides imports to the Czech Republic, with a combined 95% share of total imports. These countries were followed by Spain and Germany, which together accounted for a further 3.6%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +164.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest cobalt oxides and hydroxides suppliers to the Czech Republic were Belgium ($X), Poland ($X) and Finland ($X), together comprising 94% of total imports. Spain and Germany lagged somewhat behind, together accounting for a further 4.3%.

In terms of the main suppliers, Spain, with a CAGR of +197.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average cobalt oxides and hydroxides import price amounted to $X per ton, growing by 36% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cobalt oxides and hydroxides import price increased by +112.9% against 2015 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+37.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :