Greece: Market for Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides 2024

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

In 2021, after three years of decline, there was significant growth in the Greek cobalt oxides and hydroxides market, when its value increased by 47% to $X. Over the period under review, consumption enjoyed resilient growth. Cobalt oxides and hydroxides consumption peaked in 2021 and is expected to retain growth in years to come.

Exports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Exports from Greece

In 2021, the amount of cobalt oxides and hydroxides and commercial cobalt oxides exported from Greece amounted to X tons, flattening at the previous year's figure. In general, exports posted significant growth. The smallest decline of 99.9% was in 2016. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, cobalt oxides and hydroxides exports stood at $X in 2021. Overall, exports recorded a significant increase. The smallest decline of 99.9% was in 2016. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Lebanon (X tons) was the main destination for cobalt oxides and hydroxides exports from Greece, accounting for a 73% share of total exports. Moreover, cobalt oxides and hydroxides exports to Lebanon exceeded the volume sent to the second major destination, the Netherlands (X kg), threefold.

From 2015 to 2021, the average annual growth rate of volume to Lebanon was relatively modest.

From 2015 to 2021, the average annual rate of growth in terms of value to the Netherlands amounted to +45.4%.

Export Prices by Country

In 2021, the average cobalt oxides and hydroxides export price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the export price showed a deep slump. The pace of growth was the most pronounced in 2016 when the average export price decreased by 99.9%. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Lebanon amounted to $X per ton.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-2.6%).

Imports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Imports into Greece

Cobalt oxides and hydroxides imports into Greece skyrocketed to X tons in 2021, increasing by 27% compared with the previous year. Overall, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +8.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +113.2% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of 63% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, cobalt oxides and hydroxides imports soared to $X in 2021. In general, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by 135% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of cobalt oxides and hydroxides to Greece, accounting for a 81% share of total imports. Moreover, cobalt oxides and hydroxides imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold. Germany (X kg) ranked third in terms of total imports with a 0.5% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands stood at +110.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+2.3% per year) and Germany (-38.6% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of cobalt oxides and hydroxides and commercial cobalt oxides to Greece, comprising 83% of total imports. The second position in the ranking was taken by Italy ($X), with a 17% share of total imports. It was followed by Germany, with a 0.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands stood at +87.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+14.1% per year) and Germany (-34.1% per year).

Import Prices by Country

In 2021, the average cobalt oxides and hydroxides import price amounted to $X per ton, picking up by 38% against the previous year. In general, import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine-year period. 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 +38.9% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 44% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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