Russian Federation: Lithium Carbonate Market 2024

Lithium Carbonate Market Size in the Russian Federation

The Russian lithium carbonate market surged to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption saw a significant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Lithium Carbonate Production in the Russian Federation

In value terms, lithium carbonate production shrank remarkably to $X in 2022 estimated in export price. Overall, production, however, recorded significant growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Lithium Carbonate Exports

Exports from the Russian Federation

In 2022, approx. X tons of lithium carbonates were exported from Russia; waning by X% on 2021 figures. Overall, exports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, lithium carbonate exports dropped significantly to $X in 2022. In general, exports continue to indicate a sharp contraction. The growth pace was the most rapid in 2016 when exports increased by X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for lithium carbonate exports from Russia, with a X% share of total exports. Moreover, lithium carbonate exports to France exceeded the volume sent to the second major destination, Kazakhstan (X tons), fourfold. The third position in this ranking was held by Israel (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Israel (X% per year).

In value terms, the largest markets for lithium carbonate exported from Russia were France ($X), Kazakhstan ($X) and Israel ($X), together comprising X% of total exports.

Among the main countries of destination, Kazakhstan, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, 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, growing by X% against the previous year. Overall, the export price recorded strong growth. The growth pace was the most rapid in 2014 when the average export price increased by X%. The export price peaked at $X per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

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 Israel ($X per ton), while the average price for exports to France ($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 the Czech Republic (X.3%), while the prices for the other major destinations experienced a decline.

Lithium Carbonate Imports

Imports into the Russian Federation

In 2022, the amount of lithium carbonates imported into Russia surged to X tons, picking up by X% on the previous year. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lithium carbonate imports surged to $X in 2022. Overall, imports showed a significant increase. The pace of growth was the most pronounced in 2016 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Belgium (X tons) constituted the largest lithium carbonate supplier to Russia, accounting for a X% share of total imports. Moreover, lithium carbonate imports from Belgium exceeded the figures recorded by the second-largest supplier, Bolivia (X tons), fivefold. The third position in this ranking was taken by China (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Belgium amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Bolivia (X% per year) and China (X% per year).

In value terms, the largest lithium carbonate suppliers to Russia were Belgium ($X), Bolivia ($X) and China ($X), with a combined X% share of total imports.

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

Import Prices by Country

In 2022, the average lithium carbonate import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price saw a prominent 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 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 South Korea ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :