Report Update Nov 1, 2024

Kuwait - Cobalt Oxides and Hydroxides and Commercial Cobalt Oxides - Market Analysis, Forecast, Size, Trends and Insights

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

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

In 2021, the Kuwaiti 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. Over the period under review, consumption, however, continues to indicate a pronounced curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides in Kuwait

In value terms, cobalt oxides and hydroxides production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2018 with an increase of 8.9% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Exports from Kuwait

In 2019, approx. X kg of cobalt oxides and hydroxides and commercial cobalt oxides were exported from Kuwait; remaining relatively unchanged against 2018. In general, exports continue to indicate a relatively flat trend pattern. The exports peaked in 2019 and are expected to retain growth in the immediate term.

In value terms, cobalt oxides and hydroxides exports totaled $X in 2019. Overall, exports continue to indicate a relatively flat trend pattern. The exports peaked in 2019 and are likely to see gradual growth in years to come.

Exports by Country

The United Arab Emirates (X kg) was the main destination for cobalt oxides and hydroxides exports from Kuwait, with a approx. 100% share of total exports.

From 2019 to 2019, the average annual growth rate of volume to the United Arab Emirates was relatively modest.

From 2019 to 2019, the average annual rate of growth in terms of value to the United Arab Emirates was relatively modest.

Imports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Imports into Kuwait

After two years of decline, supplies from abroad of cobalt oxides and hydroxides and commercial cobalt oxides increased by 606% to X kg in 2021. Over the period under review, imports, however, continue to indicate a abrupt downturn. Imports peaked at X kg 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. Overall, imports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of 626%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X kg) was the main cobalt oxides and hydroxides supplier to Kuwait, with a 94% share of total imports. Moreover, cobalt oxides and hydroxides imports from India exceeded the figures recorded by the second-largest supplier, China (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from India stood at -8.5%.

In value terms, China ($X) constituted the largest supplier of cobalt oxides and hydroxides and commercial cobalt oxides to Kuwait, comprising 75% of total imports. The second position in the ranking was taken by India ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +1.1%.

Import Prices by Country

In 2021, the average cobalt oxides and hydroxides import price amounted to $X per ton, which is down by -26.4% against the previous year. In general, the import price saw a pronounced reduction. The pace of growth was the most pronounced in 2013 when the average import price increased by 106% against the previous year. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for India amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cobalt oxides and hydroxides and commercial cobalt oxides in the world?

Democratic Republic of the Congo remains the largest cobalt oxides and hydroxides consuming country worldwide, accounting for 69% of total volume. Moreover, cobalt oxides and hydroxides consumption in Democratic Republic of the Congo exceeded the figures recorded by the second-largest consumer, Belgium, sevenfold. The third position in this ranking was occupied by Namibia, with a 4.3% share.

What are the largest producers of cobalt oxides and hydroxides and commercial cobalt oxides in the world?

The country with the largest volume of cobalt oxides and hydroxides production was Democratic Republic of the Congo, accounting for 91% of total volume. Moreover, cobalt oxides and hydroxides production in Democratic Republic of the Congo exceeded the figures recorded by the second-largest producer, Belgium, more than tenfold.

What are the leading suppliers of cobalt oxides and hydroxides and commercial cobalt oxides to Kuwait?

In value terms, the United States constituted the largest supplier of cobalt oxides and hydroxides to Kuwait.

What is the average export price for cobalt oxides and hydroxides and commercial cobalt oxides in Kuwait?

In 2019, the average cobalt oxides and hydroxides export price amounted to $26,137 per ton, flattening at the previous year.

What is the average import price for cobalt oxides and hydroxides and commercial cobalt oxides in Kuwait?

In 2020, the average cobalt oxides and hydroxides import price amounted to $190,500 per ton, with an increase of 175% against the previous year.

This report provides an in-depth analysis of the market for cobalt oxides and hydroxides in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 20121930 - Cobalt oxides and hydroxides, commercial cobalt oxides

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023