Romania: Market for Lithium Oxide, Hydroxide and Carbonate 2024

Market Size for Lithium Oxide, Hydroxide and Carbonate in Romania

In 2022, after two years of decline, there was significant growth in the Romanian market for lithium oxide, hydroxide and carbonates, when its value increased by X% to $X. Over the period under review, consumption posted resilient growth. Over the period under review, the market reached the maximum level at $X in 2017; afterwards, it flattened through to 2022.

Exports of Lithium Oxide, Hydroxide and Carbonate

Exports from Romania

In 2022, overseas shipments 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. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, lithium oxide, hydroxide and carbonate exports surged to $X in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by X,600% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for lithium oxide, hydroxide and carbonate exports from Romania, accounting for a X% share of total exports. Moreover, lithium oxide, hydroxide and carbonate exports to the United States exceeded the volume sent to the second major destination, the UK (X kg), eightfold. The third position in this ranking was taken by the Netherlands (X kg), with a X% share.

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

In value terms, the United States ($X) remains the key foreign market for lithium oxide, hydroxide and carbonates exports from Romania, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and South Korea (X% per year).

Export Prices by Country

The average export price for lithium oxide, hydroxide and carbonates stood at $X per kg in 2022, surging by X% against the previous year. Over the period under review, the export price showed a buoyant increase. The most prominent rate of growth was recorded in 2019 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per kg), while the average price for exports to the Netherlands ($X per kg) 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 more modest paces of growth.

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Imports of Lithium Oxide, Hydroxide and Carbonate

Imports into Romania

In 2022, supplies from abroad of lithium oxide, hydroxide and carbonates was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports showed a resilient 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 soared to $X in 2022. Overall, imports posted a resilient increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest lithium oxide, hydroxide and carbonate supplier to Romania, accounting for a X% share of total imports. Moreover, lithium oxide, hydroxide and carbonate imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. 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 the Netherlands stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Germany (X% per year).

In value terms, the Netherlands ($X), Germany ($X) and Italy ($X) were the largest lithium oxide, hydroxide and carbonate suppliers to Romania, with a combined X% share of total imports.

Among the main suppliers, Italy, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for lithium oxide, hydroxide and carbonates stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price continues to indicate a abrupt decline. The pace of growth was the most pronounced in 2016 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the average import prices failed to regain momentum.

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 Russia ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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