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

Market Size for Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides in the Netherlands

The Dutch cobalt oxides and hydroxides market declined to $X in 2021, reducing by -11.4% against the previous year. Overall, consumption showed a slight curtailment. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Production of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides in the Netherlands

In value terms, cobalt oxides and hydroxides production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 17% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Exports from the Netherlands

In 2021, shipments abroad of cobalt oxides and hydroxides and commercial cobalt oxides increased by 36% to X tons, rising for the sixth consecutive year after three years of decline. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 218% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, cobalt oxides and hydroxides exports skyrocketed to $X in 2021. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 304% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X tons), France (X tons) and Belgium (X tons) were the main destinations of cobalt oxides and hydroxides exports from the Netherlands, with a combined 62% share of total exports. These countries were followed by Italy, Spain, Slovakia and Germany, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +384.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for cobalt oxides and hydroxides exported from the Netherlands were the United States ($X), France ($X) and Spain ($X), together accounting for 60% of total exports. Italy, Belgium, Germany and Slovakia lagged somewhat behind, together accounting for a further 31%.

Among the main countries of destination, Slovakia, with a CAGR of +383.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average cobalt oxides and hydroxides export price amounted to $X per ton, increasing by 35% against the previous year. In general, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 an increase of 45% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Belgium ($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 the United States (+20.1%), 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 the Netherlands

After three years of growth, purchases abroad of cobalt oxides and hydroxides and commercial cobalt oxides decreased by -15.8% to X tons in 2021. Overall, imports, however, posted a significant expansion. The growth pace was the most rapid in 2016 with an increase of 1,044% against the previous year. Over the period under review, imports reached the maximum at X tons in 2020, and then dropped sharply in the following year.

In value terms, cobalt oxides and hydroxides imports surged to $X in 2021. In general, imports, however, saw a significant expansion. The growth pace was the most rapid in 2016 with an increase of 724%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of cobalt oxides and hydroxides to the Netherlands, accounting for a 79% share of total imports. Moreover, cobalt oxides and hydroxides imports from China exceeded the figures recorded by the second-largest supplier, Finland (X tons), more than tenfold. The third position in this ranking was held by Belgium (X tons), with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +299.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+30.9% per year) and Belgium (+26.5% per year).

In value terms, China ($X) constituted the largest supplier of cobalt oxides and hydroxides and commercial cobalt oxides to the Netherlands, comprising 81% of total imports. The second position in the ranking was held by Finland ($X), with a 6.4% share of total imports. It was followed by Italy, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +275.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+32.5% per year) and Italy (+60.3% per year).

Import Prices by Country

In 2021, the average cobalt oxides and hydroxides import price amounted to $X per ton, surging by 41% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 46%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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