The import volume of cobalt oxides and hydroxides to Germany is projected to increase from 1.4082 million kilograms in 2024 to 1.5107 million kilograms in 2028. This represents an average annual growth rate (CAGR) over the five-year period. Notably, there is a steady year-on-year increase in volume, with the imports consistently rising each year. Compared to 2023, where the recorded imports stood at a lower volume, the forecast demonstrates a positive upward trend in demand.
Future trends to watch for include the potential impact of technological advancements in battery production, as cobalt is a key component in this sector. Additionally, shifts in global trade policies and environmental regulations may also influence future import volumes into Germany.
