Russian Federation: Lithium Oxide Market 2024

Lithium Oxide Market Size in the Russian Federation

In 2022, the Russian lithium oxide market decreased by X% to $X, falling for the fifth consecutive year after two years of growth. In general, consumption showed a drastic downturn. The growth pace was the most rapid in 2016 when the market value increased by X%. Lithium oxide consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Lithium Oxide Production in the Russian Federation

In value terms, lithium oxide production shrank modestly to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Lithium Oxide Exports

Exports from the Russian Federation

In 2022, the amount of lithium oxides exported from Russia surged to X tons, rising by X% against the previous year's figure. Over the period under review, exports continue to indicate a strong expansion. The growth pace was the most rapid in 2015 with an increase of X%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, lithium oxide exports skyrocketed to $X in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

South Korea (X tons) was the main destination for lithium oxide exports from Russia, with a X% share of total exports. Moreover, lithium oxide exports to South Korea exceeded the volume sent to the second major destination, the UK (X tons), twofold. Poland (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to South Korea stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Poland (X% per year).

In value terms, the largest markets for lithium oxide exported from Russia were the UK ($X), South Korea ($X) and the United Arab Emirates ($X), with a combined X% share of total exports. Poland, India, Turkey, Estonia, China, Japan, Canada, the Netherlands and Belgium lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Estonia, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the average lithium oxide export price amounted to $X per ton, rising by X% against the previous year. Overall, the export price saw a buoyant expansion. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure 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 Estonia ($X per ton), while the average price for exports to Belgium ($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 Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Lithium Oxide Imports

Imports into the Russian Federation

After two years of growth, overseas purchases of lithium oxides decreased by X% to X tons in 2022. Overall, imports, however, saw buoyant growth. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2021, and then declined significantly in the following year.

In value terms, lithium oxide imports declined sharply to $X in 2022. In general, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then reduced sharply in the following year.

Imports by Country

In 2022, China (X tons) was the main lithium oxide supplier to Russia, with a X% share of total imports. It was followed by South Korea (X kg), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%.

In value terms, China ($X) constituted the largest supplier of lithium oxides to Russia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%.

Import Prices by Country

The average lithium oxide import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price posted a tangible increase. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for China totaled $X per ton.

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

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