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

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

In 2021, the East Asian cobalt oxides and hydroxides market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a pronounced curtailment. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

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

In value terms, cobalt oxides and hydroxides production amounted to $X in 2021 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 39% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Exports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Exports in Eastern Asia

In 2021, the amount of cobalt oxides and hydroxides and commercial cobalt oxides exported in Eastern Asia skyrocketed to X tons, growing by 40% compared with 2020 figures. Overall, exports recorded a relatively flat trend pattern. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, cobalt oxides and hydroxides exports soared to $X in 2021. In general, exports enjoyed a temperate increase. The pace of growth appeared the most rapid in 2018 when exports increased by 83% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, China (X tons) was the main exporter of cobalt oxides and hydroxides and commercial cobalt oxides, committing 82% of total exports. It was distantly followed by Taiwan (Chinese) (X tons), mixing up a 15% share of total exports.

Exports from China increased at an average annual rate of +2.8% from 2012 to 2021. At the same time, Taiwan (Chinese) (+14.3%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +14.3% from 2012-2021. China (+14 p.p.) and Taiwan (Chinese) (+10 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest cobalt oxides and hydroxides supplier in Eastern Asia, comprising 87% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with an 11% share of total exports.

In China, cobalt oxides and hydroxides exports expanded at an average annual rate of +6.9% over the period from 2012-2021.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2021, picking up by 26% against the previous year. Overall, the export price saw noticeable growth. The pace of growth appeared the most rapid in 2018 an increase of 41%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.0%).

Imports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Imports in Eastern Asia

After two years of decline, overseas purchases of cobalt oxides and hydroxides and commercial cobalt oxides increased by 40% to X tons in 2021. Over the period under review, imports, however, recorded a perceptible decline. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, cobalt oxides and hydroxides imports skyrocketed to $X in 2021. In general, imports, however, recorded a pronounced decrease. The pace of growth was the most pronounced in 2018 when imports increased by 89% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Korea was the main importer of cobalt oxides and hydroxides and commercial cobalt oxides in Eastern Asia, with the volume of imports accounting for X tons, which was near 80% of total imports in 2021. Japan (X tons) held an 11% share (based on physical terms) of total imports, which put it in second place, followed by China (4.8%). Taiwan (Chinese) (X tons) followed a long way behind the leaders.

Imports into South Korea decreased at an average annual rate of -4.0% from 2012 to 2021. At the same time, Taiwan (Chinese) (+13.3%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +13.3% from 2012-2021. By contrast, Japan (-3.2%) and China (-9.3%) illustrated a downward trend over the same period. While the share of South Korea (+4.5 p.p.) and Taiwan (Chinese) (+2.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of China (-2.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) constitutes the largest market for imported cobalt oxides and hydroxides and commercial cobalt oxides in Eastern Asia, comprising 82% of total imports. The second position in the ranking was held by Japan ($X), with a 14% share of total imports. It was followed by Taiwan (Chinese), with a 2.7% share.

In South Korea, cobalt oxides and hydroxides imports declined by an average annual rate of -1.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (+1.3% per year) and Taiwan (Chinese) (+14.2% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2021, picking up by 13% against the previous year. Overall, the import price recorded a notable expansion. The most prominent rate of growth was recorded in 2017 an increase of 85%. Over the period under review, import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+4.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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