India: Lithium Carbonate Market 2024

Lithium Carbonate Market Size in India

The Indian lithium carbonate market skyrocketed to $X in 2022, increasing by X% against the previous year. Overall, consumption saw a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Lithium Carbonate Production in India

In value terms, lithium carbonate production totaled less than $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume decreased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Lithium Carbonate Exports

Exports from India

In 2022, shipments abroad of lithium carbonates was finally on the rise to reach X tons after three years of decline. In general, exports posted a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, lithium carbonate exports skyrocketed to $X in 2022. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2017 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China (X tons) was the main destination for lithium carbonate exports from India, accounting for a X% share of total exports. Moreover, lithium carbonate exports to China exceeded the volume sent to the second major destination, Russia (X tons), eightfold. Bangladesh (X tons) ranked third in terms of total exports with a X% share.

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

In value terms, Russia ($X), China ($X) and Vietnam ($X) were the largest markets for lithium carbonate exported from India worldwide, together accounting for X% of total exports.

China, 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

The average lithium carbonate export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price posted a measured expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the average price for exports to Bangladesh ($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 Vietnam (X%), while the prices for the other major destinations experienced mixed trend patterns.

Lithium Carbonate Imports

Imports into India

In 2022, approx. X tons of lithium carbonates were imported into India; increasing by X% compared with the previous year's figure. Over the period under review, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lithium carbonate imports skyrocketed to $X in 2022. Overall, imports posted resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Belgium (X tons) constituted the largest lithium carbonate supplier to India, accounting for a X% share of total imports. Moreover, lithium carbonate imports from Belgium exceeded the figures recorded by the second-largest supplier, the UK (X tons), more than tenfold. The third position in this ranking was held by Germany (X tons), with a 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: the UK (X% per year) and Germany (X% per year).

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

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

Import Prices by Country

In 2022, the average lithium carbonate import price amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price recorded a pronounced descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum 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 Argentina (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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