Report Update: May 2, 2024

Canada - Lithium Carbonate - Market Analysis, Forecast, Size, Trends and Insights

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Lithium Carbonate Price in Canada - 2023

Lithium Carbonate Price in Canada (CIF) - 2023

In September 2023, the average lithium carbonate import price amounted to $4,287 per ton, approximately mirroring the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 739% month-to-month. The import price peaked at $46,148 per ton in June 2023; however, from July 2023 to September 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Chile.

From September 2022 to September 2023, the rate of growth in terms of prices for Argentina amounted to +0.0% per month.

Lithium Carbonate Price in Canada (FOB) - 2022

In 2022, the average lithium carbonate export price amounted to $23,093 per ton, declining by -8.2% against the previous year. In general, the export price, however, saw resilient growth. The growth pace was the most rapid in 2016 when the average export price increased by 126% against the previous year. Over the period under review, the average export prices hit record highs at $28,536 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($66,095 per ton), while the average price for exports to the United States stood at $16,053 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+27.2%).

Lithium Carbonate Imports in Canada

In 2022, overseas purchases of lithium carbonates were finally on the rise to reach 2.3K tons after two years of decline. Over the period under review, imports saw a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, lithium carbonate imports soared to $13M in 2022. In general, imports showed a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Lithium Carbonate in Canada (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Chile	5.9	3.2	3.7	8.5	12.9%
United States	0.2	0.3	0.3	2.0	115.4%
Austria	0.7	0.4	N/A	0.7	0.0%
China	0.7	0.9	0.1	0.3	-24.6%
Argentina	0.3	N/A	0.1	0.2	-12.6%
Slovenia	0.6	0.3	0.3	N/A	-29.3%
Others	0.2	0.6	1.0	1.5	95.7%
Total	8.7	5.7	5.5	13.2	14.9%

Top Suppliers of Lithium Carbonate to Canada in 2022:

Chile (1572.9 tons)
United States (445.6 tons)
Austria (149.0 tons)
China (77.5 tons)
Argentina (45.6 tons)

Lithium Carbonate Exports in Canada

In 2022, approx. 1.4 tons of lithium carbonates were exported from Canada; waning by -88.9% against the year before. Over the period under review, exports faced a sharp shrinkage. The growth pace was the most rapid in 2021 when exports increased by 43,904% against the previous year.

In value terms, lithium carbonate exports dropped rapidly to $32K in 2022. Overall, exports showed a dramatic curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 38,707%. As a result, the exports attained the peak of $310K, and then contracted rapidly in the following year.

Export of Lithium Carbonate in Canada (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	55.0	N/A	128	18.9	-30.0%
United Kingdom	N/A	N/A	N/A	11.1	0%
China	128	N/A	N/A	N/A	0%
India	N/A	N/A	181	N/A	0%
Others	5.1	0.8	1.3	1.6	-32.1%
Total	188	0.8	310	31.7	-44.8%

Top Export Markets for Lithium Carbonate from Canada in 2022:

United States (1178.0 kg)
United Kingdom (168.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the lithium carbonate market in Canada. 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:

Canada

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Canada
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
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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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
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
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023