United Kingdom: Market for Lithium Oxide, Hydroxide and Carbonate 2024

Market Size for Lithium Oxide, Hydroxide and Carbonate in the UK

In 2022, the UK market for lithium oxide, hydroxide and carbonates increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, consumption recorded a significant expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Exports of Lithium Oxide, Hydroxide and Carbonate

Exports from the UK

In 2022, the amount of lithium oxide, hydroxide and carbonates exported from the UK soared to X tons, picking up by X% compared with 2021. Over the period under review, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, lithium oxide, hydroxide and carbonate exports skyrocketed to $X in 2022. Overall, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons), China (X tons) and South Korea (X tons) were the main destinations of lithium oxide, hydroxide and carbonate exports from the UK, with a combined X% share of total exports. Sweden, India, Germany, Denmark, Spain, Japan, the United Arab Emirates and Poland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lithium oxide, hydroxide and carbonate exported from the UK were China ($X), the Netherlands ($X) and South Korea ($X), with a combined X% share of total exports. Sweden, Germany, India, Japan, the United Arab Emirates, Denmark, Spain and Poland lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Sweden, 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 export price for lithium oxide, hydroxide and carbonates stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price showed resilient growth. The growth pace was the most rapid in 2016 an increase of X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Spain ($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.

Imports of Lithium Oxide, Hydroxide and Carbonate

Imports into the UK

In 2022, supplies from abroad of lithium oxide, hydroxide and carbonates increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, lithium oxide, hydroxide and carbonate imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Chile (X tons) constituted the largest supplier of lithium oxide, hydroxide and carbonate to the UK, with a X% share of total imports. Moreover, lithium oxide, hydroxide and carbonate imports from Chile exceeded the figures recorded by the second-largest supplier, Argentina (X tons), more than tenfold. The third position in this ranking was held by Russia (X tons), with a X% share.

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

In value terms, Chile ($X) constituted the largest supplier of lithium oxide, hydroxide and carbonates to the UK, comprising X% of total imports. The second position in the ranking was taken by Russia ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Chile amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (X% per year) and Argentina (X% per year).

Import Prices by Country

The average import price for lithium oxide, hydroxide and carbonates stood at $X per ton in 2022, jumping by X% against the previous year. Overall, import price indicated a temperate increase 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 oxide, hydroxide and carbonate import price increased by X% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Argentina ($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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