Southern Asia: Lithium Carbonate Market 2023

Lithium Carbonate Exports

Exports in Southern Asia

In 2021, shipments abroad of lithium carbonates decreased by -31.4% to X tons, falling for the third year in a row after two years of growth. In general, exports, however, saw significant growth. The growth pace was the most rapid in 2017 with an increase of 2,457%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, lithium carbonate exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 4,091%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, India (X tons) represented the main exporter of lithium carbonates in Southern Asia, mixing up 100% of total export.

India was also the fastest-growing in terms of the lithium carbonates exports, with a CAGR of +29.0% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest lithium carbonate supplier in Southern Asia.

In India, lithium carbonate exports increased at an average annual rate of +25.3% over the period from 2012-2021.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, growing by 71% against the previous year. In general, the export price, however, saw a perceptible decrease. The level of export peaked at $X per ton in 2017; however, from 2018 to 2021, 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 India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to -2.9% per year.

Lithium Carbonate Imports

Imports in Southern Asia

Lithium carbonate imports was estimated at X tons in 2021, with an increase of 8.3% on the previous year's figure. Over the period under review, imports enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of 70% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, lithium carbonate imports expanded notably to $X in 2021. In general, imports showed prominent growth. The pace of growth was the most pronounced in 2017 with an increase of 114%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

India dominates imports structure, reaching X tons, which was near 96% of total imports in 2021. Bangladesh (X tons) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to lithium carbonate imports into India stood at +8.1%. At the same time, Bangladesh (+35.3%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +35.3% from 2012-2021. While the share of Bangladesh (+2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported lithium carbonates in Southern Asia, comprising 97% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 1.6% share of total imports.

In India, lithium carbonate imports increased at an average annual rate of +10.1% over the period from 2012-2021.

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2021, almost unchanged from the previous year. In general, the import price, however, recorded a modest expansion. The pace of growth was the most pronounced in 2016 an increase of 82% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while Bangladesh stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+1.9%).

Source: IndexBox Market Intelligence Platform

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