Report Update Nov 1, 2024

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

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

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

In 2021, the Norwegian cobalt oxides and hydroxides market increased by 5% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption recorded a significant expansion. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Exports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Exports from Norway

For the third consecutive year, Norway recorded growth in overseas shipments of cobalt oxides and hydroxides and commercial cobalt oxides, which increased by 218% to X kg in 2021. In general, exports, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 633%. Over the period under review, the exports attained the maximum at X kg in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, cobalt oxides and hydroxides exports shrank dramatically to $X in 2021. Overall, exports saw a slight increase. The most prominent rate of growth was recorded in 2017 when exports increased by 858% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020, and then fell rapidly in the following year.

Exports by Country

France (X kg) was the main destination for cobalt oxides and hydroxides exports from Norway, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to France was relatively modest.

In value terms, France ($X) emerged as the key foreign market for cobalt oxides and hydroxides and commercial cobalt oxides exports from Norway.

From 2012 to 2021, the average annual growth rate of value to France was relatively modest.

Export Prices by Country

In 2021, the average cobalt oxides and hydroxides export price amounted to $X per kg, with a decrease of -97.9% against the previous year. Over the period under review, the export price, however, posted a temperate increase. The most prominent rate of growth was recorded in 2019 an increase of 146% against the previous year. Over the period under review, the average export prices hit record highs at $X per kg in 2020, and then declined remarkably in the following year.

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

From 2012 to 2021, the rate of growth in terms of prices for the Netherlands amounted to +32.4% per year.

Imports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Imports into Norway

In 2021, purchases abroad of cobalt oxides and hydroxides and commercial cobalt oxides increased by 5.2% to X tons, rising for the second consecutive year after two years of decline. In general, imports posted a significant increase. The growth pace was the most rapid in 2017 with an increase of 314,732% against the previous year. As a result, imports reached the peak of X tons. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, cobalt oxides and hydroxides imports amounted to $X in 2021. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 131,283% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Russia (X tons) constituted the largest cobalt oxides and hydroxides supplier to Norway, accounting for a 83% share of total imports. Moreover, cobalt oxides and hydroxides imports from Russia exceeded the figures recorded by the second-largest supplier, the United States (X tons), fivefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia amounted to -11.1%.

In value terms, Russia ($X) constituted the largest supplier of cobalt oxides and hydroxides and commercial cobalt oxides to Norway, comprising 78% of total imports. The second position in the ranking was held by the United States ($X), with a 22% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Russia stood at -14.2%.

Import Prices by Country

The average cobalt oxides and hydroxides import price stood at $X per ton in 2021, shrinking by -4.2% against the previous year. Overall, the import price, however, posted pronounced growth. The pace of growth was the most pronounced in 2013 when the average import price increased by 403% 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 remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Russia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Congo (+41.7%), while the prices for the other major suppliers experienced mixed trend patterns.

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 constituted the country with the largest volume of cobalt oxides and hydroxides consumption, 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. Namibia ranked third in terms of total consumption with a 4.3% share.

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

Democratic Republic of the Congo constituted the country with the largest volume of cobalt oxides and hydroxides production, 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 Norway?

In value terms, Russia constituted the largest supplier of cobalt oxides and hydroxides to Norway.

What are the leading importers of cobalt oxides and hydroxides and commercial cobalt oxides from Norway?

In value terms, Belgium remains the key foreign market for cobalt oxides and hydroxides exports from Norway, comprising 77% of total exports. The second position in the ranking was occupied by the Netherlands, with an 11% share of total exports.

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

In 2020, the average cobalt oxides and hydroxides export price amounted to $8,839 per ton, surging by 29% against the previous year.

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

In 2020, the average cobalt oxides and hydroxides import price amounted to $6,414 per ton, with a decrease of -76.6% against the previous year.

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

Norway

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Norway
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