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

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

In 2021, after two years of decline, there was significant growth in the Japanese cobalt oxides and hydroxides market, when its value increased by 43% to $X. Overall, consumption posted perceptible growth. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Exports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Exports from Japan

In 2021, overseas shipments of cobalt oxides and hydroxides and commercial cobalt oxides were finally on the rise to reach X tons after six years of decline. Over the period under review, exports, however, faced a dramatic contraction. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, cobalt oxides and hydroxides exports skyrocketed to $X in 2021. Overall, exports, however, faced a sharp setback. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Taiwan (Chinese) (X tons), South Korea (X tons) and Finland (X tons) were the main destinations of cobalt oxides and hydroxides exports from Japan, with a combined 81% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Finland (with a CAGR of +30.8%), while the other leaders experienced mixed trend patterns.

In value terms, South Korea ($X), Thailand ($X) and Taiwan (Chinese) ($X) constituted the largest markets for cobalt oxides and hydroxides exported from Japan worldwide, with a combined 84% share of total exports. Finland, China and Italy lagged somewhat behind, together comprising a further 13%.

Among the main countries of destination, Finland, with a CAGR of +12.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average cobalt oxides and hydroxides export price stood at $X per ton in 2021, dropping by -36.1% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average export price increased by 112%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Finland ($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 China (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Imports into Japan

In 2021, after two years of decline, there was significant growth in purchases abroad of cobalt oxides and hydroxides and commercial cobalt oxides, when their volume increased by 21% to X tons. In general, imports, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2017 with an increase of 51% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, cobalt oxides and hydroxides imports skyrocketed to $X in 2021. Over the period under review, imports showed a modest expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 129%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest supplier of cobalt oxides and hydroxides to Japan, with a 44% share of total imports. Moreover, cobalt oxides and hydroxides imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Belgium (X tons), twofold. The third position in this ranking was held by China (X tons), with a 21% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Taiwan (Chinese) amounted to +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-7.9% per year) and China (-10.5% per year).

In value terms, the largest cobalt oxides and hydroxides suppliers to Japan were Taiwan (Chinese) ($X), Belgium ($X) and China ($X), with a combined 86% share of total imports.

Taiwan (Chinese), with a CAGR of +12.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average cobalt oxides and hydroxides import price amounted to $X per ton, picking up by 40% against the previous year. Over the period under review, the import price recorded a noticeable increase. The pace of growth appeared the most rapid in 2018 an increase of 62%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Belgium ($X per ton) and China ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and Finland ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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