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

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

The Central Asian cobalt oxides and hydroxides market fell markedly to $X in 2023, waning by X% against the previous year. In general, consumption, however, posted a resilient expansion. Over the period under review, the market reached the maximum level at $X in 2022, and then dropped sharply in the following year.

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

In value terms, cobalt oxides and hydroxides production rose notably to $X in 2023 estimated in export price. Overall, production enjoyed resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Exports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Exports in Central Asia

In 2022, the amount of cobalt oxides and hydroxides and commercial cobalt oxides exported in Central Asia shrank dramatically to X tons, dropping by X% compared with the previous year's figure. Over the period under review, exports, however, recorded a resilient expansion. Over the period under review, the exports hit record highs at X tons in 2021, and then fell sharply in the following year.

In value terms, cobalt oxides and hydroxides exports dropped significantly to $X in 2022. Overall, exports, however, saw a significant expansion. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced sharply in the following year.

Exports by Country

In 2022, Kazakhstan (X tons) was the largest exporter of cobalt oxides and hydroxides and commercial cobalt oxides in Central Asia, creating X% of total export.

Kazakhstan was also the fastest-growing in terms of the cobalt oxides and hydroxides and commercial cobalt oxides exports, with a CAGR of X% from 2018 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest cobalt oxides and hydroxides supplier in Central Asia.

In Kazakhstan, cobalt oxides and hydroxides exports increased at an average annual rate of X% over the period from 2018-2022.

Export Prices by Country

The export price in Central Asia stood at $X per ton in 2023, dropping by X% against the previous year. Overall, the export price, however, recorded a significant increase. The pace of growth was the most pronounced in 2021 when the export price increased by X%. Over the period under review, the export prices reached the maximum at $X per ton in 2022, and then contracted significantly in the following year.

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

From 2012 to 2023, the rate of growth in terms of prices for Kazakhstan amounted to X% per year.

Imports of Cobalt Oxides And Hydroxides And Commercial Cobalt Oxides

Imports in Central Asia

In 2023, after two years of growth, there was significant decline in overseas purchases of cobalt oxides and hydroxides and commercial cobalt oxides, when their volume decreased by X% to X tons. In general, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2022, and then contracted dramatically in the following year.

In value terms, cobalt oxides and hydroxides imports fell remarkably to $X in 2023. Over the period under review, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. The level of import peaked at $X in 2022, and then fell significantly in the following year.

Imports by Country

In 2023, Uzbekistan (X tons) was the main importer of cobalt oxides and hydroxides and commercial cobalt oxides, comprising X% of total imports. It was distantly followed by Kazakhstan (X tons), generating a X% share of total imports. Kyrgyzstan (X kg) held a little share of total imports.

Imports into Uzbekistan decreased at an average annual rate of X% from 2012 to 2023. At the same time, Kazakhstan (X%) and Kyrgyzstan (X%) displayed positive paces of growth. Moreover, Kazakhstan emerged as the fastest-growing importer imported in Central Asia, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Uzbekistan and Kazakhstan increased by X and X percentage points, respectively.

In value terms, the largest cobalt oxides and hydroxides importing markets in Central Asia were Uzbekistan ($X), Kazakhstan ($X) and Kyrgyzstan ($X).

Kazakhstan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2023, the import price in Central Asia amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the import price enjoyed a strong expansion. Over the period under review, import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Kyrgyzstan ($X per ton), while Uzbekistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform