Asia-Pacific: Lithium Carbonate Market 2024

Lithium Carbonate Market Size in Asia-Pacific

In 2023, the Asia-Pacific lithium carbonate market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Over the period under review, consumption, however, posted a significant expansion. As a result, consumption attained the peak level of $X, and then shrank significantly in the following year.

Lithium Carbonate Production in Asia-Pacific

In value terms, lithium carbonate production expanded rapidly to $X in 2023 estimated in export price. In general, production enjoyed a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Lithium Carbonate Exports

Exports in Asia-Pacific

In 2023, after two years of growth, there was significant decline in shipments abroad of lithium carbonates, when their volume decreased by X% to X tons. Overall, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the maximum at X tons in 2022, and then fell notably in the following year.

In value terms, lithium carbonate exports shrank rapidly to $X in 2023. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2022 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then dropped rapidly in the following year.

Exports by Country

China represented the main exporter of lithium carbonates in Asia-Pacific, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2023. South Korea (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by India (X%).

From 2012 to 2023, average annual rates of growth with regard to lithium carbonate exports from China stood at X%. At the same time, India (X%) and South Korea (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. South Korea (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, China ($X) remains the largest lithium carbonate supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by South Korea ($X), with a X% share of total exports.

In China, lithium carbonate exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: South Korea (X% per year) and India (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per ton, jumping by X% against the previous year. In general, the export price saw strong growth. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure in 2023 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Lithium Carbonate Imports

Imports in Asia-Pacific

In 2023, after seven years of growth, there was significant decline in overseas purchases of lithium carbonates, when their volume decreased by X% to X tons. In general, imports, however, saw a strong increase. The most prominent rate of growth was recorded in 2022 when imports increased by X%. As a result, imports attained the peak of X tons, and then contracted markedly in the following year.

In value terms, lithium carbonate imports shrank to $X in 2023. Overall, imports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

China was the largest importing country with an import of around X tons, which reached X% of total imports. It was distantly followed by South Korea (X tons) and Japan (X tons), together constituting a X% share of total imports. India (X tons) held a relatively small share of total imports.

Imports into China increased at an average annual rate of X% from 2012 to 2023. At the same time, India (X%), South Korea (X%) and Japan (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. China (X p.p.) significantly strengthened its position in terms of the total imports, while South Korea and Japan saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported lithium carbonates in Asia-Pacific, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

In China, lithium carbonate imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the import price recorded a strong expansion. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. The level of import peaked in 2023 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform