Hong Kong SAR, China: Market for Lithium Oxide, Hydroxide and Carbonate 2024

Market Size for Lithium Oxide, Hydroxide and Carbonate in Hong Kong SAR, China

In 2022, the Hong Kong market for lithium oxide, hydroxide and carbonates increased by X% to $X, rising for the second year in a row after three years of decline. Overall, consumption posted resilient growth. Lithium oxide, hydroxide and carbonate consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Lithium Oxide, Hydroxide and Carbonate in Hong Kong SAR, China

In value terms, lithium oxide, hydroxide and carbonate production skyrocketed to $X in 2022 estimated in export price. Overall, production recorded a temperate increase. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Lithium Oxide, Hydroxide and Carbonate

Exports from Hong Kong SAR, China

In 2022, approx. X tons of lithium oxide, hydroxide and carbonates were exported from Hong Kong SAR; increasing by X% on the year before. In general, exports posted buoyant growth. The growth pace was the most rapid in 2020 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, lithium oxide, hydroxide and carbonate exports skyrocketed to $X in 2022. Overall, exports saw pronounced growth. The most prominent rate of growth was recorded in 2020 when exports increased by X%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for lithium oxide, hydroxide and carbonate exports from Hong Kong SAR, with a X% share of total exports. Moreover, lithium oxide, hydroxide and carbonate exports to China exceeded the volume sent to the second major destination, the UK (X tons), threefold. The third position in this ranking was taken by Australia (X tons), with a X% share.

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

In value terms, the UK ($X) emerged as the key foreign market for lithium oxide, hydroxide and carbonates exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by China ($X), with an X% share of total exports. It was followed by the United States, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the United States (X% per year).

Export Prices by Country

The average export price for lithium oxide, hydroxide and carbonates stood at $X per ton in 2022, with a decrease of X% against the previous year. Over the period under review, the export price saw a deep reduction. The pace of growth was the most pronounced in 2016 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to China ($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 Australia (X%), while the prices for the other major destinations experienced a decline.

Imports of Lithium Oxide, Hydroxide and Carbonate

Imports into Hong Kong SAR, China

In 2022, supplies from abroad of lithium oxide, hydroxide and carbonates increased by X% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports showed a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, lithium oxide, hydroxide and carbonate imports soared to $X in 2022. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main lithium oxide, hydroxide and carbonate supplier to Hong Kong SAR, with a X% share of total imports. It was followed by the Netherlands (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%.

In value terms, China ($X) constituted the largest supplier of lithium oxide, hydroxide and carbonates to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports.

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

Import Prices by Country

In 2022, the average import price for lithium oxide, hydroxide and carbonates amounted to $X per ton, picking up by X% against the previous year. In general, the import price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. 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 Netherlands ($X per ton), while the price for China totaled $X per ton.

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

Source: IndexBox Platform

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