
Romania - Lithium Carbonate - Market Analysis, Forecast, Size, Trends and Insights
Romania: Lithium Carbonate Market 2023
Lithium Carbonate Market Size in Romania
In 2021, the Romanian lithium carbonate market increased by 72% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption saw a significant expansion. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.
Lithium Carbonate Exports
Exports from Romania
In 2019, after three years of growth, there was decline in overseas shipments of lithium carbonates, when their volume decreased by -3.7% to X kg. Overall, exports showed a sharp curtailment. The most prominent rate of growth was recorded in 2016 when exports increased by 220% against the previous year. Over the period under review, the exports reached the maximum at X kg in 2012; however, from 2013 to 2019, the exports failed to regain momentum.
In value terms, lithium carbonate exports reduced remarkably to $X in 2019. In general, exports continue to indicate a dramatic decrease. The pace of growth was the most pronounced in 2016 with an increase of 161%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2019, the exports stood at a somewhat lower figure.
Exports by Country
The Netherlands (X kg) was the main destination for lithium carbonate exports from Romania, with a approx. 100% share of total exports.
From 2012 to 2019, the average annual rate of growth in terms of volume to the Netherlands stood at -35.5%.
In value terms, the Netherlands ($X) emerged as the key foreign market for lithium carbonates exports from Romania.
From 2012 to 2019, the average annual rate of growth in terms of value to the Netherlands amounted to -30.3%.
Export Prices by Country
In 2019, the average lithium carbonate export price amounted to $X per ton, declining by -58.8% against the previous year. Overall, the export price, however, recorded strong growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 149% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2019, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From 2012 to 2019, the rate of growth in terms of prices for the Netherlands amounted to +8.3% per year.
Lithium Carbonate Imports
Imports into Romania
In 2021, after two years of decline, there was significant growth in purchases abroad of lithium carbonates, when their volume increased by 90% to X tons. Overall, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2014 with an increase of 129% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.
In value terms, lithium carbonate imports soared to $X in 2021. Over the period under review, imports showed a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 214%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.
Imports by Country
In 2021, Italy (X tons) constituted the largest lithium carbonate supplier to Romania, accounting for a 40% share of total imports. Moreover, lithium carbonate imports from Italy exceeded the figures recorded by the second-largest supplier, the UK (X tons), twofold. Bulgaria (X tons) ranked third in terms of total imports with a 13% share.
From 2012 to 2021, the average annual growth rate of volume from Italy totaled +50.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+27.5% per year) and Bulgaria (+25.5% per year).
In value terms, Italy ($X) constituted the largest supplier of lithium carbonates to Romania, comprising 45% of total imports. The second position in the ranking was taken by the UK ($X), with a 19% share of total imports. It was followed by Hungary, with a 12% share.
From 2012 to 2021, the average annual growth rate of value from Italy stood at +64.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+39.0% per year) and Hungary (+310.4% per year).
Import Prices by Country
The average lithium carbonate import price stood at $X per ton in 2021, with a decrease of -13.8% against the previous year. Over the period under review, the import price, however, showed strong growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 66% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Bulgaria ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+53.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the lithium carbonate market in Romania. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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