Canada: Market for Lithium Oxide, Hydroxide and Carbonate 2024

Market Size for Lithium Oxide, Hydroxide and Carbonate in Canada

The Canadian market for lithium oxide, hydroxide and carbonates contracted notably to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, saw buoyant growth. As a result, consumption reached the peak level of $X, and then contracted sharply in the following year.

Production of Lithium Oxide, Hydroxide and Carbonate in Canada

In value terms, lithium oxide, hydroxide and carbonate production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. Lithium oxide, hydroxide and carbonate production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Lithium Oxide, Hydroxide and Carbonate

Exports from Canada

In 2022, shipments abroad of lithium oxide, hydroxide and carbonates increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports recorded a remarkable increase. The growth pace was the most rapid in 2018 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, lithium oxide, hydroxide and carbonate exports skyrocketed to $X in 2022. Overall, exports showed a buoyant increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for lithium oxide, hydroxide and carbonate exports from Canada, accounting for a X% share of total exports. Moreover, lithium oxide, hydroxide and carbonate exports to France exceeded the volume sent to the second major destination, the UK (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume to France totaled X%.

In value terms, France ($X) remains the key foreign market for lithium oxide, hydroxide and carbonates exports from Canada, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to France stood at X%.

Export Prices by Country

In 2022, the average export price for lithium oxide, hydroxide and carbonates amounted to $X per ton, which is down by X% against the previous year. In general, the export price continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then declined sharply in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to France totaled $X per ton.

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

Imports of Lithium Oxide, Hydroxide and Carbonate

Imports into Canada

Lithium oxide, hydroxide and carbonate imports into Canada soared to X tons in 2022, growing by X% compared with the previous year's figure. Over the period under review, imports recorded a resilient expansion. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, lithium oxide, hydroxide and carbonate imports surged to $X in 2022. Overall, imports posted a resilient expansion. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Imports by Country

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

From 2012 to 2022, the biggest increases were recorded for Austria (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), the United States ($X) and Russia ($X) appeared to be the largest lithium oxide, hydroxide and carbonate suppliers to Canada, together accounting for X% of total imports. China, Austria and Australia lagged somewhat behind, together accounting for a further X%.

Austria, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for lithium oxide, hydroxide and carbonates stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X%. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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