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United Kingdom - Lithium Carbonate - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Mar 9, 2023
UK Lithium Carbonate Price Peaks at $66.6 per kg
United Kingdom Lithium Carbonate Import Price in November 2022
In November 2022, the lithium carbonate price amounted to $66.6 per kg (CIF, United Kingdom), increasing by 15% against the previous month. In general, the import price recorded a remarkable increase. The pace of growth appeared the most rapid in April 2022 when the average import price increased by 74% month-to-month. Over the period under review, average import prices attained the peak figure in November 2022.
Average prices varied noticeably amongst the major supplying countries. In November 2022, the country with the highest price was Chile ($67.3 per kg), while the price for Belgium stood at $63.6 per kg.
From January 2022 to November 2022, the most notable rate of growth in terms of prices was attained by Chile (+12.5%).
United Kingdom Lithium Carbonate Imports
Lithium carbonate imports into the UK surged to 248 tons in November 2022, rising by 69% against October 2022 figures. Over the period under review, imports recorded a notable increase. The most prominent rate of growth was recorded in February 2022 with an increase of 272% against the previous month. As a result, imports reached the peak of 704 tons. From March 2022 to November 2022, the growth of imports failed to regain momentum.
In value terms, lithium carbonate imports skyrocketed to $16M (IndexBox estimates) in November 2022. Overall, imports saw a prominent increase. The most prominent rate of growth was recorded in February 2022 when imports increased by 250% month-to-month. Imports peaked at 21K tons in September 2022; however, from October 2022 to November 2022, imports remained at a lower figure.
United Kingdom Lithium Carbonate Imports by Country
In November 2022, Chile (240 tons) was the main supplier of lithium carbonate to the UK, accounting for a 97% share of total imports. It was followed by Belgium (2 tons), with a 0.8% share of total imports.
From January 2022 to November 2022, the average monthly rate of growth in terms of volume from Chile stood at +5.7%.
In value terms, Chile ($16M) constituted the largest supplier of lithium carbonate to the UK, comprising 98% of total imports. The second position in the ranking was held by Belgium ($127K), with a 0.8% share of total imports.
From January 2022 to November 2022, the average monthly growth rate of value from Chile totaled +18.9%.
Lithium Carbonate Market Overview
In the United Kingdom, the price of lithium carbonate has been increasing in recent years. This is due to a number of factors, including an increase in demand from China and other countries for lithium batteries. Lithium is a key component in batteries, and the demand for EVs is expected to continue to grow in the coming years. This has led to an increase in prices for lithium carbonate.
Finally, transportation costs have also played a role in the rising price of lithium carbonate. As more mines and production facilities come online in remote locations, such as South America and Africa, it becomes more expensive to transport the material to market. All of these factors are likely to continue to impact the price of lithium carbonate in the UK and other markets around the world.
This report provides an in-depth analysis of the lithium carbonate market in the UK. 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 2030.
Product coverage:
Country coverage:
• United Kingdom
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the UK
• 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
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
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. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
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
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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