Eastern Asia: Market for Lithium Oxide And Hydroxide, Vanadium Oxides And Hydroxides, Nickel Oxides And Hydroxides, Germanium Oxides And Zirconium Dioxide 2024

Market Size for Lithium Oxide And Hydroxide, Vanadium Oxides And Hydroxides, Nickel Oxides And Hydroxides, Germanium Oxides And Zirconium Dioxide in Eastern Asia

The East Asian market for lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide shrank rapidly to $X in 2023, with a decrease of X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then shrank sharply in the following year.

Production of Lithium Oxide And Hydroxide, Vanadium Oxides And Hydroxides, Nickel Oxides And Hydroxides, Germanium Oxides And Zirconium Dioxide in Eastern Asia

In value terms, production of lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide amounted to $X in 2023 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, production of attained the maximum level at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Exports of Lithium Oxide And Hydroxide, Vanadium Oxides And Hydroxides, Nickel Oxides And Hydroxides, Germanium Oxides And Zirconium Dioxide

Exports in Eastern Asia

For the seventh consecutive year, Eastern Asia recorded growth in overseas shipments of lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide, which increased by X% to X tons in 2023. Over the period under review, exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports of reached the maximum in 2023 and are expected to retain growth in the near future.

In value terms, exports of lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide skyrocketed to $X in 2023. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2022 with an increase of X%. Over the period under review, the exports of attained the maximum in 2023 and are likely to see steady growth in the near future.

Exports by Country

China prevails in dioxide structure, recording X tons, which was near X% of total exports in 2023. Japan (X tons) held a little share of total exports.

China was also the fastest-growing in terms of the lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide exports, with a CAGR of X% from 2012 to 2023. At the same time, Japan (X%) displayed positive paces of growth. While the share of China (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Japan (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports.

In China, exports of lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per ton, rising by X% against the previous year. In general, the export price recorded 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 expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while Japan totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%).

Imports of Lithium Oxide And Hydroxide, Vanadium Oxides And Hydroxides, Nickel Oxides And Hydroxides, Germanium Oxides And Zirconium Dioxide

Imports in Eastern Asia

In 2023, after nine years of growth, there was significant decline in overseas purchases of lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide, when their volume decreased by X% to X tons. In general, imports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2022 when imports increased by X%. As a result, imports reached the peak of X tons, and then shrank rapidly in the following year.

In value terms, imports of lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide dropped markedly to $X in 2023. Over the period under review, imports, however, posted significant growth. 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 declined notably in the following year.

Imports by Country

South Korea represented the key importer of lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide in Eastern Asia, with the volume of imports reaching X tons, which was approx. X% of total imports in 2023. It was distantly followed by Japan (X tons) and China (X tons), together comprising a X% share of total imports. Taiwan (Chinese) (X tons) held a little share of total imports.

South Korea was also the fastest-growing in terms of the lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide imports, with a CAGR of X% from 2012 to 2023. At the same time, Japan (X%), China (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. South Korea (X p.p.) significantly strengthened its position in terms of the total imports, while Taiwan (Chinese), China and Japan saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

In value terms, South Korea ($X), Japan ($X) and China ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

In terms of the main importing countries, South Korea, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2023, jumping by X% against the previous year. Over the period under review, the import price saw a buoyant expansion. The growth pace was the most rapid in 2022 when the import price increased by X%. Over the period under review, import prices reached the peak figure in 2023 and is likely to see steady growth in the near future.

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