In 2023, Belgium led European exports of cobalt oxides and hydroxides at 6.5895 million kilograms, though its exports saw a 4.3% decline. The UK and Netherlands followed, with the latter experiencing a significant 51.36% increase. Estonia marked the highest growth rate at 185.12%. Germany and Spain saw declines of 6.02% and 2.21%, respectively. Other notable trends include Italy's modest 2.76% increase and substantial declines in Portugal and Bulgaria at 33.68% and 47.47%, respectively.
Looking ahead, key trends to watch include potential shifts in global demand for cobalt driven by growing electric vehicle markets and technological advancements. Additionally, evolving trade policies and supply chain dynamics could impact export volumes and market distribution across Europe.
Top countries in Export of Cobalt Oxides and Hydroxides, Commercial Cobalt Oxides by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 6,589,500 | 2023 | +13.66% | -4.3% | View data |
| 2 | 2 United Kingdom | 800,420 | 2023 | -3.25% | -1.84% | View data |
| 3 | 3 Netherlands | 616,400 | 2023 | +6.66% | +51.36% | View data |
| 4 | 4 Italy | 358,720 | 2023 | +4.49% | +2.76% | View data |
| 5 | 5 Germany | 61,140 | 2023 | +2.29% | -6.02% | View data |
| 6 | 6 Spain | 55,350 | 2023 | +22.81% | -2.21% | View data |
| 7 | 7 Estonia | 18,840 | 2023 | +32.62% | +185.12% | View data |
| 8 | 8 Latvia | 18,380 | 2023 | +2.46% | -17.16% | View data |
| 9 | 9 France | 11,950 | 2021 | +62.94% | +18.56% | View data |
| 10 | 10 Denmark | 5,980 | 2023 | +2.87% | +46.06% | View data |
