Ireland: Market for Lithium Oxide, Hydroxide and Carbonate 2024

Market Size for Lithium Oxide, Hydroxide and Carbonate in Ireland

The Irish market for lithium oxide, hydroxide and carbonates surged to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption posted significant growth. 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 Ireland

In value terms, lithium oxide, hydroxide and carbonate production soared to $X in 2022 estimated in export price. In general, production posted significant growth. The most prominent rate of growth was recorded in 2019 with an increase of X,100% against the previous year. Lithium oxide, hydroxide and carbonate production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Exports of Lithium Oxide, Hydroxide and Carbonate

Exports from Ireland

In 2022, overseas shipments of lithium oxide, hydroxide and carbonates increased by X% to X tons, rising for the fourth year in a row after two years of decline. In general, exports saw significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X,600%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, lithium oxide, hydroxide and carbonate exports skyrocketed to $X in 2022. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2016 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

India (X tons) was the main destination for lithium oxide, hydroxide and carbonate exports from Ireland, accounting for a X% share of total exports. Moreover, lithium oxide, hydroxide and carbonate exports to India exceeded the volume sent to the second major destination, the UK (X tons), sixfold.

From 2014 to 2022, the average annual growth rate of volume to India amounted to X%.

In value terms, India ($X) remains the key foreign market for lithium oxide, hydroxide and carbonates exports from Ireland, comprising X% of total exports. The second position in the ranking was held by the UK ($X), with a X% share of total exports.

From 2014 to 2022, the average annual growth rate of value to India stood at X%.

Export Prices by Country

In 2022, the average export price for lithium oxide, hydroxide and carbonates amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, showed a precipitous contraction. The pace of growth appeared the most rapid in 2017 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 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to the UK amounted to $X per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%).

Imports of Lithium Oxide, Hydroxide and Carbonate

Imports into Ireland

In 2022, after two years of growth, there was significant decline in overseas purchases of lithium oxide, hydroxide and carbonates, when their volume decreased by X% to X tons. In general, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then fell dramatically in the following year.

In value terms, lithium oxide, hydroxide and carbonate imports contracted notably to $X in 2022. Overall, imports, however, continue to indicate temperate growth. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then contracted dramatically in the following year.

Imports by Country

In 2022, Germany (X tons) was the main supplier of lithium oxide, hydroxide and carbonate to Ireland, with a X% share of total imports. Moreover, lithium oxide, hydroxide and carbonate imports from Germany exceeded the figures recorded by the second-largest supplier, the UK (X kg), tenfold.

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

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

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

Import Prices by Country

The average import price for lithium oxide, hydroxide and carbonates stood at $X per ton in 2022, jumping by X% against the previous year. In general, the import price posted a significant expansion. The pace of growth was the most pronounced in 2019 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a somewhat 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 Germany ($X per ton), while the price for Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :