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

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

The Spanish cobalt oxides and hydroxides market soared to $X in 2021, increasing by 34% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a resilient increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Exports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Exports from Spain

In 2021, cobalt oxides and hydroxides exports from Spain skyrocketed to X tons, picking up by 566% against the previous year. In general, exports continue to indicate a buoyant increase. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, cobalt oxides and hydroxides exports soared to $X in 2021. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons), Italy (X tons) and Belgium (X tons) were the main destinations of cobalt oxides and hydroxides exports from Spain, together comprising 72% of total exports. Mexico, Portugal, Germany, France, Egypt and Brazil lagged somewhat behind, together comprising a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +78.9%), while the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X) emerged as the key foreign market for cobalt oxides and hydroxides and commercial cobalt oxides exports from Spain, comprising 43% of total exports. The second position in the ranking was taken by Italy ($X), with a 20% share of total exports. It was followed by Belgium, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+6.8% per year) and Belgium (+25.8% per year).

Export Prices by Country

In 2021, the average cobalt oxides and hydroxides export price amounted to $X per ton, picking up by 43% against the previous year. In general, the export price recorded a resilient expansion. The pace of growth appeared the most rapid in 2018 an increase of 185%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Germany ($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 Portugal (+16.1%), 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 Spain

Cobalt oxides and hydroxides imports into Spain surged to X tons in 2021, growing by 22% compared with 2020 figures. Over the period under review, total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +31.5% against 2019 indices. Over the period under review, imports reached the peak figure at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, cobalt oxides and hydroxides imports skyrocketed to $X in 2021. Overall, imports showed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 110%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Belgium (X tons), China (X tons) and Finland (X tons) were the main suppliers of cobalt oxides and hydroxides imports to Spain, with a combined 96% share of total imports. These countries were followed by the Netherlands, Italy and the UK, which together accounted for a further 3.8%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +20.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), China ($X) and Finland ($X) constituted the largest cobalt oxides and hydroxides suppliers to Spain, together accounting for 95% of total imports. The Netherlands, Italy and the UK lagged somewhat behind, together comprising a further 4.3%.

Italy, with a CAGR of +28.3%, recorded the highest growth rate of 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

The average cobalt oxides and hydroxides import price stood at $X per ton in 2021, rising by 25% against the previous year. Over the period under review, import price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 an increase of 88%. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Italy ($X per ton) and the Netherlands ($X per ton), while the price for Finland ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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