In 2023, China dominated the global export market for cobalt oxides and hydroxides, holding a substantial 81.46% share. The United Kingdom followed with a distant 6.84%, while Italy, South Korea, and Singapore maintained smaller shares. Notable year-on-year changes included a 2.97% increase for China and a significant 39.11% rise for South Africa, signaling growth in their export activities.
Future trends indicate China's continued dominance, although the growth rates may stabilize. Emerging exporters like South Africa could capture more market share if they sustain strong growth. Environmental regulations and technological advancements are other factors that could reshape the landscape.
Top countries in Export of Cobalt Oxides and Hydroxides Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 81.46 | 2023 | +5.32% | +2.97% | View data |
| 2 | 2 United Kingdom | 6.84 | 2023 | +3.22% | +2.34% | View data |
| 3 | 3 Italy | 2.21 | 2023 | +5.03% | +2.53% | View data |
| 4 | 4 South Korea | 1.16 | 2023 | +5.24% | +4.26% | View data |
| 5 | 5 Singapore | 0.71 | 2023 | +3.79% | -0.16% | View data |
| 6 | 6 Spain | 0.39 | 2023 | +4.8% | +3.42% | View data |
| 7 | 7 United States | 0.37 | 2023 | -9.58% | -11.17% | View data |
| 8 | 8 Brazil | 0.3 | 2023 | +5.32% | -0.1% | View data |
| 9 | 9 India | 0.19 | 2023 | +5.79% | +0.3% | View data |
| 10 | 10 Netherlands | 0.16 | 2023 | -5.43% | -8.69% | View data |
