Chile: Lithium Carbonate Market 2024

Lithium Carbonate Market Size in Chile

For the third consecutive year, the Chilean lithium carbonate market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption continues to indicate a remarkable increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Lithium Carbonate Production in Chile

In value terms, lithium carbonate production fell to $X in 2022 estimated in export price. In general, production saw a resilient increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Lithium carbonate production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Lithium Carbonate Exports

Exports from Chile

Lithium carbonate exports from Chile surged to X tons in 2022, jumping by X% on 2021. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, lithium carbonate exports surged to $X in 2022. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for lithium carbonate exports from Chile, with a X% share of total exports. Moreover, lithium carbonate exports to China exceeded the volume sent to the second major destination, South Korea (X tons), sixfold. The third position in this ranking was taken by Japan (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Japan (X% per year).

In value terms, China ($X) remains the key foreign market for lithium carbonates exports from Chile, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (X% per year) and Japan (X% per year).

Export Prices by Country

The average lithium carbonate export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price recorded a moderate increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Belgium ($X 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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Lithium Carbonate Imports

Imports into Chile

In 2022, supplies from abroad of lithium carbonates increased by X% to X tons for the first time since 2017, thus ending a four-year declining trend. Over the period under review, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, lithium carbonate imports surged to $X in 2022. Overall, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Germany (X tons) constituted the largest supplier of lithium carbonate to Chile, accounting for a X% share of total imports. Moreover, lithium carbonate imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. The third position in this ranking was taken by Brazil (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X.5% per year) and Brazil (X% per year).

In value terms, Germany ($X) constituted the largest supplier of lithium carbonates to Chile, comprising X% of total imports. The second position in the ranking was held by the UK ($X), with an X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X.2% per year) and China (X% per year).

Import Prices by Country

The average lithium carbonate import price stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price, however, showed a slight downturn. Over the period under review, average import prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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