Report Latin America and the Caribbean - Cobalt Oxides and Hydroxides and Commercial Cobalt Oxides - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Latin America and the Caribbean - Cobalt Oxides and Hydroxides and Commercial Cobalt Oxides - Market Analysis, Forecast, Size, Trends and Insights

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Latin America and the Caribbean: Market for Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides 2024

Market Size for Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides in Latin America and the Caribbean

In 2021, the Latin American cobalt oxides and hydroxides market decreased by -9.5% to $X, falling for the second consecutive year after three years of growth. Overall, consumption showed a abrupt decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides in Latin America and the Caribbean

In value terms, cobalt oxides and hydroxides production skyrocketed to $X in 2021 estimated in export price. In general, production, however, showed a mild decrease. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Exports in Latin America and the Caribbean

In 2021, approx. X tons of cobalt oxides and hydroxides and commercial cobalt oxides were exported in Latin America and the Caribbean; increasing by 25% on 2020. Overall, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 127% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, cobalt oxides and hydroxides exports soared to $X in 2021. In general, exports showed pronounced growth. The growth pace was the most rapid in 2018 when exports increased by 227%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

In 2021, Cuba (X tons) and Brazil (X tons) was the key exporter of cobalt oxides and hydroxides and commercial cobalt oxides in Latin America and the Caribbean, making up 100% of total export.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Cuba (with a CAGR of +0.5%).

In value terms, Brazil ($X) remains the largest cobalt oxides and hydroxides supplier in Latin America and the Caribbean, comprising 84% of total exports. The second position in the ranking was held by Cuba ($X), with a 16% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil amounted to +9.5%.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per ton, jumping by 55% against the previous year. Export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, cobalt oxides and hydroxides export price increased by +32.5% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Brazil ($X per ton), while Cuba amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+10.1%).

Imports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Imports in Latin America and the Caribbean

In 2021, purchases abroad of cobalt oxides and hydroxides and commercial cobalt oxides decreased by -2.4% to X tons, falling for the second consecutive year after three years of growth. Overall, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by 127% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, cobalt oxides and hydroxides imports rose modestly to $X in 2021. In general, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 132%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

Brazil dominates imports structure, amounting to X tons, which was near 91% of total imports in 2021. It was distantly followed by Argentina (X tons), constituting a 5.2% share of total imports. Mexico (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to cobalt oxides and hydroxides imports into Brazil stood at -13.5%. Argentina experienced a relatively flat trend pattern. Mexico (-18.2%) illustrated a downward trend over the same period. Argentina (+3.8 p.p.) significantly strengthened its position in terms of the total imports, while Mexico and Brazil saw its share reduced by -1.5% and -2.2% from 2012 to 2021, respectively.

In value terms, Brazil ($X) constitutes the largest market for imported cobalt oxides and hydroxides and commercial cobalt oxides in Latin America and the Caribbean, comprising 76% of total imports. The second position in the ranking was held by Argentina ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Brazil stood at -4.7%. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (+5.3% per year) and Mexico (-13.6% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2021, picking up by 4.9% against the previous year. Over the period under review, the import price posted a prominent increase. The pace of growth appeared the most rapid in 2016 when the import price increased by 106%. The level of import peaked at $X per ton in 2017; however, from 2018 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 Argentina ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+10.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

Brazil remains the largest cobalt oxides and hydroxides consuming country in Latin America and the Caribbean, accounting for 72% of total volume. Moreover, cobalt oxides and hydroxides consumption in Brazil exceeded the figures recorded by the second-largest consumer, Mexico, fourfold. The third position in this ranking was occupied by Argentina, with a 5.2% share.
Cuba constituted the country with the largest volume of cobalt oxides and hydroxides production, accounting for 84% of total volume. Moreover, cobalt oxides and hydroxides production in Cuba exceeded the figures recorded by the second-largest producer, the Dominican Republic, more than tenfold. Panama ranked third in terms of total production with a 5.7% share.
In value terms, Brazil remains the largest cobalt oxides and hydroxides supplier in Latin America and the Caribbean, comprising 67% of total exports. The second position in the ranking was occupied by Cuba, with a 30% share of total exports. It was followed by Guatemala, with a 0.4% share.
In value terms, Brazil, Mexico and Argentina appeared to be the countries with the highest levels of imports in 2020, with a combined 97% share of total imports.
In 2020, the cobalt oxides and hydroxides export price in Latin America and the Caribbean amounted to $14,319 per ton, shrinking by -38.5% against the previous year.
In 2020, the cobalt oxides and hydroxides import price in Latin America and the Caribbean amounted to $14,558 per ton, falling by -46.8% against the previous year.

This report provides an in-depth analysis of the market for cobalt oxides and hydroxides in Latin America and the Caribbean. 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:

  • Anguilla
  • Antigua and Barbuda
  • Argentina
  • Aruba
  • Bahamas
  • Barbados
  • Belize
  • Bolivia
  • Brazil
  • British Virgin Islands
  • Cayman Islands
  • Chile
  • Colombia
  • Costa Rica
  • Cuba
  • Curacao
  • Dominica
  • Dominican Republic
  • Ecuador
  • El Salvador
  • Falkland Islands (Malvinas)
  • French Guiana
  • Grenada
  • Guadeloupe
  • Guatemala
  • Guyana
  • Haiti
  • Honduras
  • Jamaica
  • Martinique
  • Mexico
  • Montserrat
  • Nicaragua
  • Panama
  • Paraguay
  • Peru
  • Saint Kitts and Nevis
  • Saint Lucia
  • Saint Vincent and the Grenadines
  • Saint Maarten (Dutch part)
  • Suriname
  • Trinidad and Tobago
  • Turks and Caicos Islands
  • United States Virgin Islands
  • Uruguay
  • Venezuela
  • Puerto Rico

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Production in Latin America and the Caribbean, split by region and country
  • Trade (exports and imports) in Latin America and the Caribbean
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030
  4. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY
  8. 8. IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • Anguilla
    • Antigua and Barbuda
    • Argentina
    • Aruba
    • Bahamas
    • Barbados
    • Belize
    • Bolivia
    • Brazil
    • British Virgin Islands
    • Cayman Islands
    • Chile
    • Colombia
    • Costa Rica
    • Cuba
    • Curacao
    • Dominica
    • Dominican Republic
    • Ecuador
    • El Salvador
    • Falkland Islands (Malvinas)
    • French Guiana
    • Grenada
    • Guadeloupe
    • Guatemala
    • Guyana
    • Haiti
    • Honduras
    • Jamaica
    • Martinique
    • Mexico
    • Montserrat
    • Nicaragua
    • Panama
    • Paraguay
    • Peru
    • Saint Kitts and Nevis
    • Saint Lucia
    • Saint Vincent and the Grenadines
    • Saint Maarten (Dutch part)
    • Suriname
    • Trinidad and Tobago
    • Turks and Caicos Islands
    • United States Virgin Islands
    • Uruguay
    • Venezuela
    • Puerto Rico
  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023
  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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