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

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

In 2021, the East European 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. In general, consumption saw a strong 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 Eastern Europe

In value terms, cobalt oxides and hydroxides production expanded sharply to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt decrease. The growth pace was the most rapid in 2016 with an increase of 150%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Exports in Eastern Europe

In 2021, overseas shipments of cobalt oxides and hydroxides and commercial cobalt oxides increased by 107% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, showed a precipitous setback. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, cobalt oxides and hydroxides exports skyrocketed to $X in 2021. Overall, exports, however, saw a deep setback. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Estonia (X tons) was the key exporter of cobalt oxides and hydroxides and commercial cobalt oxides, creating 44% of total exports. Russia (X tons) took the second position in the ranking, distantly followed by Poland (X tons), Lithuania (X tons) and the Czech Republic (X tons). All these countries together took near 55% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Lithuania (with a CAGR of +108.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X) emerged as the largest cobalt oxides and hydroxides supplier in Eastern Europe, comprising 41% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 17% share of total exports. It was followed by Poland, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Estonia totaled +133.5%. In the other countries, the average annual rates were as follows: the Czech Republic (+1.5% per year) and Poland (+16.3% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, picking up by 24% against the previous year. In general, the export price posted a prominent expansion. The growth pace was the most rapid in 2019 when the export price increased by 70%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Estonia (+20.9%), while the other leaders experienced more modest paces of growth.

Imports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Imports in Eastern Europe

In 2021, the amount of cobalt oxides and hydroxides and commercial cobalt oxides imported in Eastern Europe skyrocketed to X tons, growing by 56% compared with 2020 figures. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +115.6% against 2017 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, cobalt oxides and hydroxides imports surged to $X in 2021. Overall, imports continue to indicate strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia (X tons), the Czech Republic (X tons) and Slovakia (X tons) represented roughly 75% of total imports in 2021. Poland (X tons) took the next position in the ranking, distantly followed by Ukraine (X tons) and Estonia (X tons). All these countries together took approx. 23% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Estonia (with a CAGR of +216.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), the Czech Republic ($X) and Poland ($X) constituted the countries with the highest levels of imports in 2021, together comprising 76% of total imports. Slovakia, Ukraine and Estonia lagged somewhat behind, together accounting for a further 21%.

Estonia, with a CAGR of +147.8%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, increasing by 33% against the previous year. Import price indicated a moderate expansion from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 an increase of 43% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($X per ton), while Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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