Republic of Korea - Lithium Oxide - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLithium Oxide Price in South Korea - 2022
Contents:
- Lithium Oxide Price in South Korea (CIF) - 2022
- Lithium Oxide Price in South Korea (FOB) - 2022
- Lithium Oxide Imports in South Korea
- Lithium Oxide Exports in South Korea
Lithium Oxide Price in South Korea (CIF) - 2022
The average lithium oxide import price stood at $12,798 per ton in 2022, growing by 3.1% against the previous year. In general, the import price posted a moderate expansion. The most prominent rate of growth was recorded in 2016 when the average import price increased by 57% against the previous year. The import price peaked at $18,786 per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($12,929 per ton), while the price for Chile amounted to $11,318 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+4.9%).
Lithium Oxide Price in South Korea (FOB) - 2022
In 2022, the average lithium oxide export price amounted to $14,781 per ton, rising by 84% against the previous year. Over the period under review, the export price continues to indicate a mild expansion. The export price peaked at $20,343 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($16,871 per ton), while the average price for exports to Belgium ($4,578 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+0.2%), while the prices for the other major destinations experienced a decline.
Lithium Oxide Imports in South Korea
For the fourth consecutive year, South Korea recorded growth in overseas purchases of lithium oxides, which increased by 434% to 287K tons in 2022. Overall, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, lithium oxide imports surged to $3.7B in 2022. Over the period under review, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Lithium Oxide in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 287 | 357 | 559 | 3,232 | 124.1% |
| Chile | 83.7 | 63.2 | 73.9 | 392 | 67.3% |
| Others | 14.9 | 19.4 | 34.5 | 52.7 | 52.4% |
| Total | 385 | 440 | 667 | 3,676 | 112.1% |
Top Suppliers of Lithium Oxide to South Korea in 2022:
- China (250.0K tons)
- Chile (34.6K tons)
Lithium Oxide Exports in South Korea
In 2022, approx. 2.7K tons of lithium oxides were exported from South Korea; picking up by 184% compared with the previous year. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 1,409%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, lithium oxide exports surged to $40M in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 910%. The exports peaked in 2022 and are likely to continue growth in the near future.
| Export of Lithium Oxide in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | N/A | N/A | N/A | 34.0 | 0% |
| China | 0.1 | 0.5 | 2.0 | 5.0 | 268.4% |
| Russia | N/A | 0.1 | 5.5 | 0.1 | 0.0% |
| Belgium | 0.4 | N/A | N/A | N/A | 0% |
| Others | 0.4 | 0.2 | 0.2 | 0.7 | 20.5% |
| Total | 0.8 | 0.8 | 7.6 | 39.8 | 267.8% |
Top Export Markets for Lithium Oxide from South Korea in 2022:
- Singapore (2016.9 tons)
- China (650.6 tons)
- Russia (9.6 tons)
- Belgium (0.5 tons)
This report provides an in-depth analysis of the lithium oxide market in Republic of Korea. 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:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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:
- 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
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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