Republic of Korea - Lithium Carbonate - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Lithium Oxide, Hydroxide and Carbonate in South Korea - 2022
Contents:
- Price for Lithium Oxide, Hydroxide and Carbonate in South Korea (CIF) - 2022
- Price for Lithium Oxide, Hydroxide and Carbonate in South Korea (FOB) - 2022
- Imports of Lithium Oxide, Hydroxide and Carbonate in South Korea
- Exports of Lithium Oxide, Hydroxide and Carbonate in South Korea
Price for Lithium Oxide, Hydroxide and Carbonate in South Korea (CIF) - 2022
The average import price for lithium oxide, hydroxide and carbonates stood at $10,575 per ton in 2022, surging by 6.3% against the previous year. In general, the import price saw a buoyant expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by 52%. Over the period under review, average import prices reached the maximum at $15,085 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($11,644 per ton), while the price for Argentina ($3,729 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Lithium Oxide, Hydroxide and Carbonate in South Korea (FOB) - 2022
In 2022, the average export price for lithium oxide, hydroxide and carbonates amounted to $11,581 per ton, picking up by 1.6% against the previous year. Over the period under review, the export price saw resilient growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by 54%. The export price peaked at $13,023 per ton in 2019; however, from 2020 to 2022, the export prices remained at a 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 Japan ($12,837 per ton), while the average price for exports to Vietnam ($398 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 the United States (+46.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Lithium Oxide, Hydroxide and Carbonate in South Korea
In 2022, after three years of growth, there was significant decline in overseas purchases of lithium oxide, hydroxide and carbonates, when their volume decreased by -16.6% to 82K tons. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +9.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +30.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 45% against the previous year. As a result, imports attained the peak of 98K tons, and then reduced dramatically in the following year.
In value terms, lithium oxide, hydroxide and carbonate imports fell to $864M in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 29%. As a result, imports attained the peak of $975M, and then fell in the following year.
| Import of Lithium Oxide, Hydroxide and Carbonate in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 288 | 358 | 495 | 431 | 14.4% |
| Chile | 543 | 369 | 428 | 399 | -9.8% |
| Russia | 5.8 | 15.5 | 25.5 | 22.2 | 56.4% |
| Argentina | 20.3 | 3.6 | 19.4 | 6.0 | -33.4% |
| Others | 11.6 | 6.5 | 6.3 | 5.7 | -21.1% |
| Total | 869 | 753 | 975 | 864 | -0.2% |
Top Suppliers of Lithium Oxide, Hydroxide and Carbonate to South Korea in 2022:
- Chile (40.1K tons)
- China (37.0K tons)
- Russia (2.4K tons)
- Argentina (1.6K tons)
Exports of Lithium Oxide, Hydroxide and Carbonate in South Korea
In 2022, after three years of growth, there was significant decline in overseas shipments of lithium oxide, hydroxide and carbonates, when their volume decreased by -30.5% to 2.9K tons. In general, exports, however, showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 146%. As a result, the exports attained the peak of 4.2K tons, and then contracted significantly in the following year.
In value terms, lithium oxide, hydroxide and carbonate exports contracted rapidly to $34M in 2022. Overall, exports, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 142%. As a result, the exports reached the peak of $48M, and then contracted sharply in the following year.
| Export of Lithium Oxide, Hydroxide and Carbonate in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.2 | 10.3 | 33.1 | 25.4 | 18.7% |
| Japan | 0.6 | 1.8 | 4.0 | 3.1 | 72.9% |
| Russia | 2.0 | 4.0 | 4.9 | 3.0 | 14.5% |
| Malaysia | 1.1 | 1.4 | 1.4 | 1.1 | 0.0% |
| Vietnam | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 1.5 | 2.1 | 4.1 | 1.0 | -12.6% |
| Total | 20.4 | 19.7 | 47.6 | 33.6 | 18.1% |
Top Export Markets for Lithium Oxide, Hydroxide and Carbonate from South Korea in 2022:
- China (2072.3 tons)
- Russia (331.7 tons)
- Japan (240.9 tons)
- Vietnam (188.4 tons)
- Malaysia (41.2 tons)
This report provides an in-depth analysis of the market for lithium oxide, hydroxide and carbonate 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
-
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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