In 2023, the import volume of Cobalt Oxides and Hydroxides, including Commercial Cobalt Oxides, into France stood at a substantial level, laying the foundation for a series of forecasted declines. From 2024 through 2028, the projections depict a steady annual decrease, showing a slight reduction year-on-year. The year-by-year analysis reflects a modest yet consistent downturn in import volumes by a certain percentage each year, indicative of a downturn in demand or adjustments in supply chain strategies.

Key trends to watch for in the future include:

Potential shifts in the global supply chain affecting cobalt availability.
Technological advancements in battery alternatives reducing cobalt demand.
Policy changes within the EU concerning import regulations and environmental considerations.