Eastern Asia: Market for Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides 2024

Market Size for Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides in Eastern Asia

The East Asian cobalt oxides and hydroxides market declined modestly to $X in 2022, with a decrease of X% against the previous year. In general, consumption, however, recorded a strong increase. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides in Eastern Asia

In value terms, cobalt oxides and hydroxides production contracted modestly to $X in 2022 estimated in export price. In general, production, however, recorded a strong expansion. The growth pace was the most rapid in 2017 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Exports in Eastern Asia

After two years of growth, overseas shipments of cobalt oxides and hydroxides and commercial cobalt oxides decreased by X% to X tons in 2022. In general, exports saw a slight downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, cobalt oxides and hydroxides exports expanded to $X in 2022. Over the period under review, exports, however, posted moderate growth. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China represented the key exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by Taiwan (Chinese) (X tons), making up a X% share of total exports. South Korea (X tons) took a little share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of cobalt oxides and hydroxides and commercial cobalt oxides. At the same time, Taiwan (Chinese) (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. China (X p.p.) and Taiwan (Chinese) (X 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, China ($X) remains the largest cobalt oxides and hydroxides supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and South Korea (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, jumping by X% against the previous year. In general, the export price posted a resilient increase. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Imports in Eastern Asia

In 2022, the amount of cobalt oxides and hydroxides and commercial cobalt oxides imported in Eastern Asia fell significantly to X tons, declining by X% against the previous year. Overall, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, cobalt oxides and hydroxides imports rose sharply to $X in 2022. Over the period under review, imports saw a slight setback. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

South Korea was the key importing country with an import of about X tons, which reached X% of total imports. Democratic People's Republic of Korea (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Japan (X%). The following importers - China (X tons) and Taiwan (Chinese) (X tons) - each reached a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to cobalt oxides and hydroxides imports into South Korea stood at X%. At the same time, Democratic People's Republic of Korea (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Democratic People's Republic of Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Japan (X%) and China (X%) illustrated a downward trend over the same period. Democratic People's Republic of Korea (X p.p.) and Japan (X p.p.) significantly strengthened its position in terms of the total imports, while China and South Korea saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) constitutes the largest market for imported cobalt oxides and hydroxides and commercial cobalt oxides in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by Democratic People's Republic of Korea, with a X% share.

In South Korea, cobalt oxides and hydroxides imports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and Democratic People's Republic of Korea (X% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, growing by X% against the previous year. Over the period under review, the import price showed a perceptible increase. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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