Eastern Asia: Market for Lithium Oxide, Hydroxide and Carbonate 2024

Market Size for Lithium Oxide, Hydroxide and Carbonate in Eastern Asia

The East Asian market for lithium oxide, hydroxide and carbonates soared to $X in 2022, surging by X% against the previous year. Overall, consumption recorded a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Lithium Oxide, Hydroxide and Carbonate in Eastern Asia

In value terms, lithium oxide, hydroxide and carbonate production shrank modestly to $X in 2022 estimated in export price. The total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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Exports of Lithium Oxide, Hydroxide and Carbonate

Exports in Eastern Asia

For the ninth year in a row, Eastern Asia recorded growth in overseas shipments of lithium oxide, hydroxide and carbonates, which increased by X% to X tons in 2022. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, lithium oxide, hydroxide and carbonate exports skyrocketed to $X in 2022. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by South Korea (X tons), achieving an X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to lithium oxide, hydroxide and carbonate exports from China stood at X%. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. South Korea (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest lithium oxide, hydroxide and carbonate supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China totaled X%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, picking up by X% against the previous year. Export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lithium oxide, hydroxide and carbonate export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while China totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%).

Imports of Lithium Oxide, Hydroxide and Carbonate

Imports in Eastern Asia

For the ninth year in a row, Eastern Asia recorded growth in supplies from abroad of lithium oxide, hydroxide and carbonates, which increased by X% to X tons in 2022. In general, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, lithium oxide, hydroxide and carbonate imports soared to $X in 2022. Over the period under review, imports showed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China represented the key importer of lithium oxide, hydroxide and carbonates in Eastern Asia, with the volume of imports reaching X tons, which was near X% of total imports in 2022. South Korea (X tons) ranks second in terms of the total imports with a X% share, followed by Japan (X%).

China was also the fastest-growing in terms of the lithium oxide, hydroxide and carbonates imports, with a CAGR of X% from 2012 to 2022. At the same time, South Korea (X%) and Japan (X%) displayed positive paces of growth. China (X p.p.) significantly strengthened its position in terms of the total imports, while South Korea and Japan saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, China ($X), South Korea ($X) and Japan ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, China, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, reducing by X% against the previous year. Overall, the import price, however, recorded a noticeable increase. The pace of growth was the most pronounced in 2016 when the import price increased by X% against the previous year. Over the period under review, import prices attained the maximum at $X 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 importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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