Western Africa: Market for Lithium Oxide, Hydroxide and Carbonate 2024

Market Size for Lithium Oxide, Hydroxide and Carbonate in Western Africa

In 2022, the West African market for lithium oxide, hydroxide and carbonates increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Lithium Oxide, Hydroxide and Carbonate in Western Africa

In value terms, lithium oxide, hydroxide and carbonate production reduced dramatically to $X in 2022 estimated in export price. The total production indicated moderate growth from 2012 to 2022: its value 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. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2021, and then reduced rapidly in the following year.

Exports of Lithium Oxide, Hydroxide and Carbonate

Exports in Western Africa

Lithium oxide, hydroxide and carbonate exports skyrocketed to X tons in 2022, jumping by X% on 2021 figures. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

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

Exports by Country

Nigeria dominates exports structure, reaching X tons, which was approx. X% of total exports in 2022. Niger (X tons) took a relatively small share of total exports.

Nigeria was also the fastest-growing in terms of the lithium oxide, hydroxide and carbonates exports, with a CAGR of X% from 2012 to 2022. Niger experienced a relatively flat trend pattern. While the share of Nigeria (X p.p.) and Niger (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) remains the largest lithium oxide, hydroxide and carbonate supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Niger ($X), with a X% share of total exports.

In Nigeria, lithium oxide, hydroxide and carbonate exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per ton, increasing by X% against the previous year. In general, the export price, however, recorded a significant decline. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Niger amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%).

Imports of Lithium Oxide, Hydroxide and Carbonate

Imports in Western Africa

In 2022, approx. X tons of lithium oxide, hydroxide and carbonates were imported in Western Africa; falling by X% on the year before. Overall, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, lithium oxide, hydroxide and carbonate imports declined rapidly to $X in 2022. In general, imports, however, saw a resilient expansion. The pace of growth was the most pronounced in 2013 when imports increased by X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Ghana (X tons) and Mauritania (X tons) dominates imports structure, together committing X% of total imports. Cote d'Ivoire (X kg) held a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Mauritania (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Ghana ($X) constitutes the largest market for imported lithium oxide, hydroxide and carbonates in Western Africa, comprising X% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total imports.

In Ghana, lithium oxide, hydroxide and carbonate imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Mauritania (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Mauritania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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