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

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

In 2021, the Swiss cobalt oxides and hydroxides market decreased by -5.4% to $X, falling for the third year in a row after three years of growth. Over the period under review, consumption, however, showed a noticeable slump. Cobalt oxides and hydroxides consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Exports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Exports from Switzerland

Cobalt oxides and hydroxides exports from Switzerland surged to X kg in 2021, picking up by 1,109% compared with the previous year's figure. Over the period under review, exports saw strong growth. The pace of growth was the most pronounced in 2018 when exports increased by 5,300% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, cobalt oxides and hydroxides exports skyrocketed to $X in 2021. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 4,381%. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

France (X kg), Japan (X kg) and Germany (X kg) were the main destinations of cobalt oxides and hydroxides exports from Switzerland, with a combined 97% share of total exports.

From 2013 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +32.7%), while the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) emerged as the key foreign market for cobalt oxides and hydroxides and commercial cobalt oxides exports from Switzerland, comprising 64% of total exports. The second position in the ranking was held by France ($X), with a 32% share of total exports. It was followed by China, with a 2.1% share.

From 2013 to 2021, the average annual rate of growth in terms of value to Japan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+32.0% per year) and China (0.0% per year).

Export Prices by Country

The average cobalt oxides and hydroxides export price stood at $X per ton in 2021, waning by -75% against the previous year. Over the period under review, the export price, however, showed strong growth. The pace of growth appeared the most rapid in 2020 an increase of 454%. As a result, the export price attained the peak level of $X per ton, and then reduced dramatically in the following year.

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 ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (-0.4%), while the prices for the other major destinations experienced a decline.

Imports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Imports into Switzerland

In 2021, purchases abroad of cobalt oxides and hydroxides and commercial cobalt oxides was finally on the rise to reach X tons after two years of decline. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 60% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, cobalt oxides and hydroxides imports expanded modestly to $X in 2021. Over the period under review, imports, however, recorded a perceptible setback. The most prominent rate of growth was recorded in 2017 with an increase of 101%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X tons) was the main supplier of cobalt oxides and hydroxides to Switzerland, accounting for a 94% share of total imports. Moreover, cobalt oxides and hydroxides imports from Germany exceeded the figures recorded by the second-largest supplier, Spain (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-64.7% per year) and France (-34.4% per year).

In value terms, Germany ($X) constituted the largest supplier of cobalt oxides and hydroxides and commercial cobalt oxides to Switzerland, comprising 94% of total imports. The second position in the ranking was taken by Spain ($X), with a 3.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-43.4% per year) and France (-31.4% per year).

Import Prices by Country

In 2021, the average cobalt oxides and hydroxides import price amounted to $X per ton, shrinking by -20.3% against the previous year. Overall, the import price showed a mild decline. The most prominent rate of growth was recorded in 2018 an increase of 40%. Over the period under review, average import prices attained the peak figure at $X per ton in 2020, and then contracted sharply in the following year.

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 France ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+60.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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