New Zealand: Market for Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides 2024

Market Size for Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides in New Zealand

After two years of decline, the New Zealand cobalt oxides and hydroxides market increased by 104% to $X in 2021. In general, consumption showed a significant increase. Cobalt oxides and hydroxides consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Exports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Exports from New Zealand

In 2018, approx. X kg of cobalt oxides and hydroxides and commercial cobalt oxides were exported from New Zealand; leveling off at the year before. Over the period under review, exports recorded a precipitous descent. The smallest decline of 99.9% was in 2014. The exports peaked at X kg in 2013; however, from 2014 to 2018, the exports remained at a lower figure.

In value terms, cobalt oxides and hydroxides exports stood at $X in 2018. Overall, exports recorded a sharp downturn. The smallest decline of 99.9% was in 2014. The exports peaked at $X in 2013; however, from 2014 to 2018, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg) was the main destination for cobalt oxides and hydroxides exports from New Zealand, with a 70% share of total exports. Moreover, cobalt oxides and hydroxides exports to the United States exceeded the volume sent to the second major destination, Fiji (X kg), threefold.

From 2013 to 2018, the average annual growth rate of volume to the United States totaled -43.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (-44.1% per year) and New Caledonia (+14.9% per year).

In value terms, the largest markets for cobalt oxides and hydroxides exported from New Zealand were Fiji ($X), the United States ($X) and New Caledonia ($X), with a combined 100% share of total exports.

New Caledonia, with a CAGR of +11.3%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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 2018, remaining stable against the previous year. Over the period under review, the export price enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 a decrease of 99.9%. Over the period under review, the average export prices attained the peak figure in 2018 and is likely to see gradual growth in the near future.

There were significant differences in the average prices for the major export markets. In 2018, amid the top suppliers, the country with the highest price was Fiji ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+32.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Imports into New Zealand

In 2021, after two years of decline, there was significant growth in overseas purchases of cobalt oxides and hydroxides and commercial cobalt oxides, when their volume increased by 127% to X tons. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2015 when imports increased by 391% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, cobalt oxides and hydroxides imports soared to $X in 2021. Overall, imports saw a strong expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 335% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Spain (X tons) constituted the largest supplier of cobalt oxides and hydroxides to New Zealand, with a 50% share of total imports. Moreover, cobalt oxides and hydroxides imports from Spain exceeded the figures recorded by the second-largest supplier, Singapore (X tons), threefold. Finland (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Spain stood at +808.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+8.3% per year) and Finland (+5.3% per year).

In value terms, Finland ($X), Singapore ($X) and Spain ($X) constituted the largest cobalt oxides and hydroxides suppliers to New Zealand, with a combined 67% share of total imports.

Spain, with a CAGR of +195.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average cobalt oxides and hydroxides import price amounted to $X per ton, with a decrease of -33.6% against the previous year. Over the period under review, the import price saw a noticeable downturn. The pace of growth was the most pronounced in 2020 an increase of 25%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices stood 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 Finland ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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