Lithuania: Market for Lithium Oxide, Hydroxide and Carbonate 2024

Market Size for Lithium Oxide, Hydroxide and Carbonate in Lithuania

The Lithuanian market for lithium oxide, hydroxide and carbonates contracted remarkably to $X in 2022, which is down by X% against the previous year. In general, consumption continues to indicate a perceptible descent. Lithium oxide, hydroxide and carbonate consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Lithium Oxide, Hydroxide and Carbonate in Lithuania

In value terms, lithium oxide, hydroxide and carbonate production soared to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Lithium oxide, hydroxide and carbonate production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Exports of Lithium Oxide, Hydroxide and Carbonate

Exports from Lithuania

In 2022, after three years of growth, there was significant decline in overseas shipments of lithium oxide, hydroxide and carbonates, when their volume decreased by X% to X tons. Over the period under review, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked at X tons in 2021, and then contracted markedly in the following year.

In value terms, lithium oxide, hydroxide and carbonate exports reduced to $X in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2021, and then declined in the following year.

Exports by Country

Russia (X tons) was the main destination for lithium oxide, hydroxide and carbonate exports from Lithuania, with a X% share of total exports. It was followed by the Netherlands (X kg), with a X% share of total exports.

From 2014 to 2022, the average annual rate of growth in terms of volume to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Estonia (X% per year).

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

From 2014 to 2022, the average annual rate of growth in terms of value to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Estonia (X% per year).

Export Prices by Country

In 2022, the average export price for lithium oxide, hydroxide and carbonates amounted to $X per ton, increasing by X% against the previous year. In general, the export price continues to indicate a buoyant expansion. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices stood 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 ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2014 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 Lithuania

In 2022, imports of lithium oxide, hydroxide and carbonates into Lithuania soared to X tons, increasing by X% on the previous year. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, lithium oxide, hydroxide and carbonate imports soared to $X in 2022. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, France (X tons) constituted the largest lithium oxide, hydroxide and carbonate supplier to Lithuania, with a X% share of total imports. Moreover, lithium oxide, hydroxide and carbonate imports from France exceeded the figures recorded by the second-largest supplier, Austria (X kg), tenfold.

From 2012 to 2022, the average annual growth rate of volume from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Poland (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Austria (X% per year).

Import Prices by Country

In 2022, the average import price for lithium oxide, hydroxide and carbonates amounted to $X per ton, waning by X% against the previous year. In general, the import price, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then contracted remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Poland ($X per ton), while the price for France ($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.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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