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World - Lithium Carbonate - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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Article Publishing Date: May 14, 2021

Lithium Market Recovers on the Wave of Expanding Electric Vehicle Industry

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IndexBox has just published a new report: 'World - Lithium Carbonate - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.

The pandemic hit the main consuming industry (battery manufacturing) hard; lithium supplies on the global market exceeded demand, resulting in a fall in lithium prices. 

In the second half of 2020, lithium demand started to recover, buoyed by strong battery sales. Strategic partnerships shaped during the Covid crisis enabled lithium manufacturers to secure stable product supply chains. 

Key Trends and Insights

The second half of 2020 saw an increase in lithium demand, following the growth of the lithium-ion battery market. This sector accounts for 71% of global lithium consumption. After a fall during the pandemic, the market is forecast to expand to 200K tonnes by 2030 owing to quickly developing electric vehicle and electronic device industries, particularly in China (IndexBox estimates).

Amid the global course towards a circular economy, the number of planned lithium-ion reprocessing facilities is increasing worldwide. Lithium-ion batteries can be recycled, which now especially important against increasingly stringent environmental standards. 

Despite the Covid crisis, technological and geological exploration companies secured diverse and reliable supplies of lithium for battery manufacturers, by establishing vertically integrated strategic partnerships and coordinating teamwork.

Overproduction and dwindling demand during the pandemic resulted in a fall in prices on the lithium market. In 2020, spot prices in China fell from the beginning of the year through to November: prices for lithium carbonate fell from $7.1K per tonne to $6.2K per tonne, from $7.8K per tonne to $7Кper tonne for lithium hydroxide and from $83Кper tonne to $71K per tonne for metallic lithium.  In the USA, the average annual price of lithium carbonate stood at $8К per tonne in 2020, a drop of 37% against 2019 prices. 

The development of the electric vehicle industry, particularly in China, and electronic devices should generate further lithium market growth. Despite competition from lithium substitute products (calcium can be used in batteries as an alternative to lithium), the lithium market is set to expand rapidly over the next decade. 

Current lithium reserves exceed 21М tonnes, and continuing geological exploration worldwide implies that the number of lithium deposits detected should increase. Thus, no potential lithium shortages are expected in the next decade. The largest lithium reserves are located in Chile (9.2M tonnes), Australia (4.7M tonnes), Argentina (1.9M tonnes) and China (1.5M tonnes). 

Global Lithium Carbonate Exports

After six years of growth, overseas shipments of lithium carbonates decreased by -12.6% to 110K tonnes in 2020. Over the period under review, total exports indicated a perceptible expansion from 2012 to 2020: its volume increased at an average annual rate of +4.3% over the last eight years. 

In value terms, lithium carbonate exports dropped notably to $769M (IndexBox estimates) in 2020. Overall, exports, however, posted buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of 102% against the previous year. 

Chile was the main exporting country with an export of about 68K tonnes, which reached 62% of total exports. Argentina (23K tonnes) took the second position in the ranking, distantly followed by China (7.5K tonnes). All these countries together occupied approx. 28% share of total exports. The following exporters - Belgium (4.5K tonnes) and Germany (2.1K tonnes) - together made up 6% of total exports.

China emerged as the fastest-growing exporter exported in the world, with a CAGR of +12.3% from 2012-2020. By contrast, Germany (-1.6%) and Belgium (-2.6%) illustrated a downward trend over the same period. 

In value terms, Chile ($478M) remains the largest lithium carbonate supplier worldwide, comprising 62% of global exports. The second position in the ranking was occupied by Argentina ($133M), with a 17% share of global exports. It was followed by China, with a 7.9% share.

Global Lithium Oxide and Hydroxide Exports

In 2020, overseas shipments of lithium oxide and hydroxides decreased by -38.1% to 75K tonnes for the first time since 2013, thus ending a six-year rising trend. In value terms, lithium oxide and hydroxide exports dropped to $915M in 2020. 

China was the main exporting country with an export of around 50K tonnes, which amounted to 66% of total exports. Chile (9.1K tonnes) took the second position in the ranking, followed by the U.S. (5.8K tonnes) and Russia (5.3K tonnes). All these countries together held approx. 27% share of total exports. Belgium (1.9K tonnes) held a little share of total exports.

China was also the fastest-growing in terms of lithium oxide and hydroxides exports, with a CAGR of +39.5% from 2012 to 2020. By contrast, the U.S. (-1.8%) illustrated a downward trend over the same period.

In value terms, China ($627M) remains the largest lithium oxide and hydroxide supplier worldwide, comprising 68% of global exports. The second position in the ranking was occupied by Chile ($136M), with a 15% share of global exports. It was followed by the U.S., with a 7.2% share.

Source: IndexBox Platform

Product coverage:

This report provides an in-depth analysis of the global lithium carbonate market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2018–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020

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