Singapore: Lithium Carbonate Market 2024

Lithium Carbonate Market Size in Singapore

In 2022, the Singaporean lithium carbonate market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption posted a pronounced expansion. Lithium carbonate consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Lithium Carbonate Production in Singapore

In value terms, lithium carbonate production skyrocketed to $X in 2022 estimated in export price. In general, production continues to indicate buoyant growth. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Lithium Carbonate Exports

Exports from Singapore

In 2022, approx. X tons of lithium carbonates were exported from Singapore; falling by X% compared with 2021. In general, exports recorded a abrupt decrease. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, lithium carbonate exports contracted significantly to $X in 2022. Over the period under review, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand (X tons) was the main destination for lithium carbonate exports from Singapore, accounting for a X% share of total exports. Moreover, lithium carbonate exports to New Zealand exceeded the volume sent to the second major destination, Maldives (X kg), threefold.

From 2012 to 2022, the average annual growth rate of volume to New Zealand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (X% per year) and Indonesia (X% per year).

In value terms, New Zealand ($X) remains the key foreign market for lithium carbonates exports from Singapore, comprising X% of total exports. The second position in the ranking was held by Maldives ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (X% per year) and Indonesia (X% per year).

Export Prices by Country

The average lithium carbonate export price stood at $X per ton in 2022, jumping by X% against the previous year. In general, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lithium carbonate export price decreased by X% against 2019 indices. The growth pace was the most rapid in 2019 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Maldives ($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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Lithium Carbonate Imports

Imports into Singapore

In 2022, overseas purchases of lithium carbonates increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a relatively flat trend pattern. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, lithium carbonate imports surged to $X in 2022. In general, imports enjoyed a buoyant expansion. Imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Italy (X tons) constituted the largest lithium carbonate supplier to Singapore, with a X% share of total imports. Moreover, lithium carbonate imports from Italy exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was taken by the UK (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Italy totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and the UK (X% per year).

In value terms, the United States ($X), Italy ($X) and Germany ($X) appeared to be the largest lithium carbonate suppliers to Singapore, with a combined X% share of total imports. The UK lagged somewhat behind, comprising a further X%.

The UK, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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, dropping by X% against the previous year. Over the period under review, the import price, however, saw resilient growth. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then reduced markedly in the following year.

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 Germany ($X per ton), while the price for Italy ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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