Report Update Nov 1, 2024

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

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

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

The Swedish cobalt oxides and hydroxides market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption recorded resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Exports from Sweden

After two years of growth, shipments abroad of cobalt oxides and hydroxides and commercial cobalt oxides decreased by -93.9% to X kg in 2021. Over the period under review, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 29,233% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, cobalt oxides and hydroxides exports dropped sharply to $X in 2021. In general, exports saw a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 21,732% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, 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 Sweden, with a 65% share of total exports. Moreover, cobalt oxides and hydroxides exports to the United States exceeded the volume sent to the second major destination, Japan (X kg), threefold. The third position in this ranking was held by Norway (X kg), with a 7.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-6.1% per year) and Norway (-12.9% per year).

In value terms, the largest markets for cobalt oxides and hydroxides exported from Sweden were the United States ($X), Japan ($X) and Norway ($X), with a combined 96% share of total exports.

The United States, with a CAGR of +14.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average cobalt oxides and hydroxides export price stood at $X per ton in 2021, which is down by -4.4% against the previous year. In general, the export price continues to indicate a mild reduction. The pace of growth was the most pronounced in 2015 when the average export price increased by 1,050% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Norway ($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 Japan (+13.1%), while the prices for the other major destinations experienced a decline.

Imports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Imports into Sweden

In 2021, overseas purchases of cobalt oxides and hydroxides and commercial cobalt oxides were 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, imports saw a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, cobalt oxides and hydroxides imports skyrocketed to $X in 2021. Overall, imports posted buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of cobalt oxides and hydroxides to Sweden, accounting for a 67% share of total imports. Moreover, cobalt oxides and hydroxides imports from China exceeded the figures recorded by the second-largest supplier, Finland (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +2,012.1%.

In value terms, China ($X) and Finland ($X) constituted the largest cobalt oxides and hydroxides suppliers to Sweden.

China, with a CAGR of +2,000.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average cobalt oxides and hydroxides import price stood at $X per ton in 2021, with an increase of 5.2% against the previous year. Overall, the import price saw a tangible expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 84%. Over the period under review, average import prices attained the peak figure in 2021 and is likely to continue growth in the near future.

Average prices varied noticeably 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 China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Finland (+3.4%), 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 remains the largest cobalt oxides and hydroxides consuming country worldwide, comprising approx. 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 Sweden?

In value terms, Finland constituted the largest supplier of cobalt oxides and hydroxides to Sweden, comprising 85% of total imports. The second position in the ranking was occupied by South Korea, with an 8.5% share of total imports. It was followed by Italy, with a 4.5% share.

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

The average cobalt oxides and hydroxides export price stood at $22,917 per ton in 2020, reducing by -22.3% against the previous year.

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

In 2020, the average cobalt oxides and hydroxides import price amounted to $40,161 per ton, declining by -2.5% against the previous year.

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

Sweden

Data coverage:

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