India: Market for Lithium Oxide, Hydroxide and Carbonate 2024

Market Size for Lithium Oxide, Hydroxide and Carbonate in India

In 2022, the Indian 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. Over the period under review, consumption saw a resilient expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Lithium Oxide, Hydroxide and Carbonate in India

In value terms, lithium oxide, hydroxide and carbonate production amounted to less than $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the production volume decreased by X%. Lithium oxide, hydroxide and carbonate production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Exports of Lithium Oxide, Hydroxide and Carbonate

Exports from India

In 2022, shipments abroad of lithium oxide, hydroxide and carbonates increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, 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 oxide, hydroxide and carbonate exports soared to $X in 2022. Over the period under review, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons) was the main destination for lithium oxide, hydroxide and carbonate exports from India, accounting for a X% share of total exports. Moreover, lithium oxide, hydroxide and carbonate exports to the United Arab Emirates exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was held by Russia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Russia (X% per year).

In value terms, the United Arab Emirates ($X), Russia ($X) and the Netherlands ($X) were the largest markets for lithium oxide, hydroxide and carbonate exported from India worldwide, with a combined X% share of total exports.

The Netherlands, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for lithium oxide, hydroxide and carbonates amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price, however, posted a notable expansion. The pace of growth was the most pronounced in 2016 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the United Arab Emirates ($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 Netherlands (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Lithium Oxide, Hydroxide and Carbonate

Imports into India

In 2022, overseas purchases of lithium oxide, hydroxide and carbonates increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports showed a prominent increase. 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 surged to $X in 2022. Overall, imports continue to indicate a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Belgium (X tons) constituted the largest lithium oxide, hydroxide and carbonate supplier to India, with a X% share of total imports. Moreover, lithium oxide, hydroxide and carbonate imports from Belgium exceeded the figures recorded by the second-largest supplier, Russia (X tons), fourfold. The third position in this ranking was held by the United Arab Emirates (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and the United Arab Emirates (X% per year).

In value terms, Belgium ($X) constituted the largest supplier of lithium oxide, hydroxide and carbonates to India, comprising X% of total imports. The second position in the ranking was taken by Russia ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Belgium totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

The average import price for lithium oxide, hydroxide and carbonates stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced increase. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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