Finland: Lithium Carbonate Market 2023

Lithium Carbonate Market Size in Finland

The Finnish lithium carbonate market declined notably to $X in 2021, with a decrease of -19.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Lithium Carbonate Exports

Exports from Finland

In 2020, after three years of growth, there was significant decline in overseas shipments of lithium carbonates, when their volume decreased by -99.6% to X kg. Overall, exports saw a dramatic descent. The most prominent rate of growth was recorded in 2015 when exports increased by 59%. As a result, the exports reached the peak of X tons. From 2016 to 2020, the growth of the exports remained at a lower figure.

In value terms, lithium carbonate exports contracted significantly to $X in 2020. In general, exports showed a precipitous decline. The growth pace was the most rapid in 2019 with an increase of 117% against the previous year. As a result, the exports attained the peak of $X, and then dropped dramatically in the following year.

Exports by Country

The United States (X kg) was the main destination for lithium carbonate exports from Finland, with a 75% share of total exports. Moreover, lithium carbonate exports to the United States exceeded the volume sent to the second major destination, Chile (X kg), threefold.

From 2012 to 2020, the average annual rate of growth in terms of volume to the United States was relatively modest.

In value terms, the United States ($X) emerged as the key foreign market for lithium carbonates exports from Finland, comprising 97% of total exports. The second position in the ranking was taken by Chile ($X), with a 3.4% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of value to the United States was relatively modest.

Export Prices by Country

In 2020, the average lithium carbonate export price amounted to $X per ton, increasing by 33% against the previous year. Over the period under review, the export price posted a strong increase. The most prominent rate of growth was recorded in 2019 an increase of 75%. The export price peaked in 2020 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2020, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Chile totaled $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+16.0%).

Lithium Carbonate Imports

Imports into Finland

In 2021, approx. X tons of lithium carbonates were imported into Finland; declining by -18.1% on the year before. Overall, imports continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2016 with an increase of 61% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, lithium carbonate imports fell dramatically to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 86%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Germany (X tons), the Netherlands (X tons) and Belgium (X kg) were the main suppliers of lithium carbonate imports to Finland, together comprising 100% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +13.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), the Netherlands ($X) and Belgium ($X) appeared to be the largest lithium carbonate suppliers to Finland, with a combined 99% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +19.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average lithium carbonate import price stood at $X per ton in 2021, shrinking by -1.9% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lithium carbonate import price decreased by -37.6% against 2018 indices. The pace of growth was the most pronounced in 2018 when the average import price increased by 46% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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