Report Update Nov 1, 2024

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

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Northern America: Market for Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides 2024

Exports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Exports in Northern America

In 2021, shipments abroad of cobalt oxides and hydroxides and commercial cobalt oxides was finally on the rise to reach X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports, however, faced a precipitous descent. The most prominent rate of growth was recorded in 2017 when exports increased by 43%. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, cobalt oxides and hydroxides exports soared to $X in 2021. In general, exports, however, saw a deep contraction. The pace of growth was the most pronounced in 2017 when exports increased by 102%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The shipments of the one major exporters of cobalt oxides and hydroxides and commercial cobalt oxides, namely the United States, represented more than two-thirds of total export.

The United States was also the fastest-growing in terms of the cobalt oxides and hydroxides and commercial cobalt oxides exports, with a CAGR of -9.8% from 2012 to 2021. The United States (+70 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest cobalt oxides and hydroxides supplier in Northern America.

In the United States, cobalt oxides and hydroxides exports increased at an average annual rate of +2.3% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, picking up by 2.6% against the previous year. Over the period under review, the export price saw a resilient expansion. The most prominent rate of growth was recorded in 2018 when the export price increased by 88% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +13.4% per year.

Imports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Imports in Northern America

In 2021, supplies from abroad of cobalt oxides and hydroxides and commercial cobalt oxides increased by 78% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, recorded a relatively flat trend pattern. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, cobalt oxides and hydroxides imports skyrocketed to $X in 2021. In general, imports recorded a notable increase. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

The United States prevails in imports structure, accounting for X tons, which was near 98% of total imports in 2021. Canada (X tons) followed a long way behind the leaders.

The United States experienced a relatively flat trend pattern with regard to volume of imports of cobalt oxides and hydroxides and commercial cobalt oxides. At the same time, Canada (+37.4%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +37.4% from 2012-2021. From 2012 to 2021, the share of Canada increased by +1.6 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported cobalt oxides and hydroxides and commercial cobalt oxides in Northern America, comprising 96% of total imports. The second position in the ranking was held by Canada ($X), with a 3.6% share of total imports.

In the United States, cobalt oxides and hydroxides imports increased at an average annual rate of +4.0% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, rising by 32% against the previous year. Import price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the import price increased by 85%. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the import prices remained 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 Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+7.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The countries with the highest volumes of cobalt oxides and hydroxides consumption in 2020 were the United States and Canada.

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

Canada remains the largest cobalt oxides and hydroxides producing country in Northern America, accounting for 100% of total volume.

What are the leading exporters of cobalt oxides and hydroxides and commercial cobalt oxides in Northern America?

In value terms, the United States remains the largest cobalt oxides and hydroxides supplier in Northern America.

What are the leading importers of cobalt oxides and hydroxides and commercial cobalt oxides in Northern America?

In value terms, the United States constitutes the largest market for imported cobalt oxides and hydroxides and commercial cobalt oxides in Northern America, comprising 93% of total imports. The second position in the ranking was occupied by Canada, with a 7.2% share of total imports.

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

In 2020, the cobalt oxides and hydroxides export price in Northern America amounted to $36,267 per ton, surging by 59% against the previous year.

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

The cobalt oxides and hydroxides import price in Northern America stood at $16,401 per ton in 2020, which is down by -40.9% against the previous year.

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

Bermuda
Canada
Greenland
Saint Pierre and Miquelon
United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Northern America, split by region and country
Trade (exports and imports) in Northern America
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. CONSUMPTION BY COUNTRY
3. 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
2. PRODUCTION BY COUNTRY
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. 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. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Bermuda
- Canada
- Greenland
- Saint Pierre and Miquelon
- United States
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
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