Australia: Market for Lithium Oxide, Hydroxide and Carbonate 2024

Market Size for Lithium Oxide, Hydroxide and Carbonate in Australia

The Australian market for lithium oxide, hydroxide and carbonates shrank modestly to $X in 2022, falling by X% against the previous year. In general, consumption, however, saw a resilient increase. Lithium oxide, hydroxide and carbonate consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Lithium Oxide, Hydroxide and Carbonate in Australia

In value terms, lithium oxide, hydroxide and carbonate production reduced slightly to $X in 2022 estimated in export price. Overall, production, however, showed prominent growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

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Exports of Lithium Oxide, Hydroxide and Carbonate

Exports from Australia

In 2022, after two years of growth, there was significant decline in overseas shipments of lithium oxide, hydroxide and carbonates, when their volume decreased by X% to X tons. Overall, exports, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. The exports peaked at X tons in 2021, and then reduced markedly in the following year.

In value terms, lithium oxide, hydroxide and carbonate exports dropped remarkably to $X in 2022. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then fell rapidly in the following year.

Exports by Country

New Zealand (X tons) was the main destination for lithium oxide, hydroxide and carbonate exports from Australia, accounting for a X% share of total exports. It was followed by the Philippines (X kg), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand totaled X%.

In value terms, New Zealand ($X) emerged as the key foreign market for lithium oxide, hydroxide and carbonates exports from Australia, comprising X% of total exports. The second position in the ranking was held by the Philippines ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand stood at X%.

Export Prices by Country

In 2022, the average export price for lithium oxide, hydroxide and carbonates amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

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 the Philippines ($X per ton), while the average price for exports to New Zealand amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (X%), while the prices for the other major destinations experienced a decline.

Imports of Lithium Oxide, Hydroxide and Carbonate

Imports into Australia

In 2022, the amount of lithium oxide, hydroxide and carbonates imported into Australia surged to X tons, picking up by X% compared with the previous year's figure. In general, imports showed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lithium oxide, hydroxide and carbonate imports surged to $X in 2022. Overall, imports saw a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Belgium (X tons) and Russia (X tons) were the main suppliers of lithium oxide, hydroxide and carbonate imports to Australia, together accounting for X% of total imports. Chile, Argentina, Switzerland, the UK and the United States lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of lithium oxide, hydroxide and carbonates to Australia, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports. It was followed by Russia, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Russia (X% per year).

Import Prices by Country

The average import price for lithium oxide, hydroxide and carbonates stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Switzerland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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