South Korea leads global imports of cobalt oxides and hydroxides with a significant value, showing a moderate increase of 2.08% in 2023. Dramatic year-on-year growth is seen in Zambia and Morocco, while Japan and Malaysia have experienced notable declines. Emerging markets like Latvia and Ireland demonstrate remarkable growth, contrasting with substantial contractions in the Netherlands and Belarus. Overall, established markets in Europe and Asia exhibit mixed performances, with modest growth in countries like China and the United States.
Future trends to watch include the potential for increased demand in renewable energy applications and electric vehicles. Geopolitical factors and trade policies will significantly influence import patterns, as countries seek to diversify supply sources amidst evolving environmental regulations and technological advancements.
Top countries in Import of Cobalt Oxides and Hydroxides by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 927,960,000 | 2023 | +5.01% | +2.08% | View data |
| 2 | 2 Zambia | 214,500,000 | 2023 | +0.73% | +1290% | View data |
| 3 | 3 Spain | 147,470,000 | 2023 | +4.56% | +3.29% | View data |
| 4 | 4 United States | 103,890,000 | 2023 | +3.56% | +2.35% | View data |
| 5 | 5 China | 86,837,000 | 2023 | +5.12% | +6.13% | View data |
| 6 | 6 Germany | 53,036,000 | 2023 | +3.2% | +1.48% | View data |
| 7 | 7 Japan | 36,799,000 | 2023 | -0.7% | -12.08% | View data |
| 8 | 8 Italy | 35,454,000 | 2023 | +3.09% | +0.86% | View data |
| 9 | 9 France | 29,514,000 | 2023 | +3.13% | +1.2% | View data |
| 10 | 10 Brazil | 17,347,000 | 2023 | +2.16% | -1.66% | View data |
