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World - Lithium Carbonate - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

World - Lithium Carbonate - Market Analysis, Forecast, Size, Trends and Insights

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Nov 22, 2023

Top Import Markets for Lithium Oxide, Hydroxide and Carbonate

Lithium oxide, hydroxide and carbonate are key components in the production of lithium-ion batteries, which power numerous devices and vehicles in our modern world. As the demand for electric vehicles (EVs) and renewable energy storage continues to grow, so does the need for these lithium compounds. In this article, we will explore the world's best import markets for lithium oxide, hydroxide, and carbonate, providing key statistics and insights.

1. China: Leading the Import Market

China takes the top spot as the world's largest importer of lithium oxide, hydroxide, and carbonate, with an import value of $6.8 billion in 2022. The country's robust manufacturing sector, especially in the production of electric vehicles, contributes to this high demand for lithium compounds. Moreover, China's aggressive push toward renewable energy sources further fuels the need for lithium-ion batteries, driving its import market for these essential components.

2. South Korea: Significant Demand from EV Manufacturing

South Korea ranks second in the list of top import markets for lithium oxide, hydroxide, and carbonate. With an import value of $5.4 billion in 2022, the country's significant demand is primarily driven by its thriving electric vehicle manufacturing industry. South Korean companies such as Hyundai and Kia are leaders in the EV market, requiring substantial amounts of lithium compounds to meet the growing demand for their electric vehicles.

3. Japan: Strong Electronics Industry

Japan holds the third position in terms of import value, with $2.2 billion in 2022. The country's strong electronics industry plays a crucial role in driving the demand for lithium oxide, hydroxide, and carbonate. Japanese companies such as Sony and Panasonic are pioneers in the production of lithium-ion batteries for various applications, including smartphones, laptops, and electric vehicles.

4. Netherlands: Key Hub for European Imports

The Netherlands emerges as an important player in the import market for lithium compounds, with an import value of $235.0 million in 2022. The country's strategic location and well-developed logistics infrastructure make it a key hub for European imports. Additionally, the Dutch government's supportive policies for clean energy and electric mobility contribute to the rising demand for lithium compounds in the country.

5. United States: Growing Demand for EVs and Renewables

The United States, with an import value of $197.1 million in 2022, showcases a growing demand for lithium oxide, hydroxide, and carbonate. The country's increased focus on electric vehicles and renewable energy storage systems drives the import market for lithium compounds. With companies like Tesla leading the way in EV production, the demand for lithium compounds is expected to further escalate in the coming years.

6. United Kingdom: Transitioning to Clean Energy

The United Kingdom is another promising import market for lithium compounds, with an import value of $171.6 million in 2022. The country's commitment to transitioning to clean energy and achieving net-zero emissions creates a strong demand for lithium-ion batteries. As the UK aims to ban the sale of new petrol and diesel cars by 2030, the demand for electric vehicles and, consequently, lithium compounds is set to soar.

7. Belgium, Germany, Poland, and India: Emerging Import Markets

Belgium, Germany, Poland, and India also make it to the list of top import markets for lithium oxide, hydroxide, and carbonate. Belgium, with an import value of $144.4 million in 2022, benefits from its central location in Europe and strong ties with neighboring countries. Germany, with $107.7 million, exhibits a growing demand for lithium compounds alongside its push for renewable energy. Poland, with $88.8 million, is gradually increasing its imports to support its EV manufacturing sector. India, with $84.5 million, showcases a rising demand driven by the country's ambitious target of 100% electric vehicle adoption by 2030.

These top import markets clearly demonstrate the global demand and importance of lithium oxide, hydroxide, and carbonate in various sectors, primarily driven by the growing popularity of electric vehicles and renewable energy storage systems. As countries worldwide transition towards cleaner energy sources, the demand for lithium compounds is expected to further increase in the coming years.

For a comprehensive understanding of global import markets and in-depth market analysis, professionals can rely on the IndexBox market intelligence platform. By providing key statistics and insights, IndexBox enables businesses to make informed decisions and navigate the complex world of international trade.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global market for lithium oxide, hydroxide and carbonate. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

    Country coverage:

    Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

    + the largest producing countries

    Data coverage:

    • Global market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Global production, split by region and country
    • Global trade (exports and imports)
    • Export and import prices
    • Market trends, drivers and restraints
    • Key market players and their profiles

    Reasons to buy this report:

    • Take advantage of the latest data
    • Find deeper insights into current market developments
    • Discover vital success factors affecting the market

    This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

    In this report, you can find information that helps you to make informed decisions on the following issues:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. How to prepare your business for global expansion

    While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

    1. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS

    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. CONSUMPTION BY COUNTRY
      3. MARKET FORECAST TO 2030

    4. 4. MOST PROMISING PRODUCT

      Finding New Products to Diversify Your Business

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCT
      4. MOST TRADED PRODUCT
      5. MOST PROFITABLE PRODUCT FOR EXPORT

    5. 5. MOST PROMISING SUPPLYING COUNTRIES

      Choosing the Best Countries to Establish Your Sustainable Supply Chain

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES

    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Exports

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS

    7. 7. GLOBAL PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
      2. PRODUCTION BY COUNTRY

    8. 8. GLOBAL IMPORTS

      The Largest Importers on The Market and How They Succeed

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY

    9. 9. GLOBAL EXPORTS

      The Largest Exporters on The Market and How They Succeed

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY

    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO

    11. 11. COUNTRY PROFILES

      The Largest Markets And Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
      • United States
      • China
      • Japan
      • Germany
      • United Kingdom
      • France
      • Brazil
      • Italy
      • Russian Federation
      • India
      • Canada
      • Australia
      • Republic of Korea
      • Spain
      • Mexico
      • Indonesia
      • Netherlands
      • Turkey
      • Saudi Arabia
      • Switzerland
      • Sweden
      • Nigeria
      • Poland
      • Belgium
      • Argentina
      • Norway
      • Austria
      • Thailand
      • United Arab Emirates
      • Colombia
      • Denmark
      • South Africa
      • Malaysia
      • Israel
      • Singapore
      • Egypt
      • Philippines
      • Finland
      • Chile
      • Ireland
      • Pakistan
      • Greece
      • Portugal
      • Kazakhstan
      • Algeria
      • Czech Republic
      • Qatar
      • Peru
      • Romania
      • Vietnam

    12. LIST OF TABLES

      1. Key Findings In 2023
      2. Market Volume, In Physical Terms, 2012–2023
      3. Market Value, 2012–2023
      4. Per Capita Consumption, By Country, 2018–2023
      5. Production, In Physical Terms, By Country, 2012–2023
      6. Imports, In Physical Terms, By Country, 2012–2023
      7. Imports, In Value Terms, By Country, 2012–2023
      8. Import Prices, By Country Of Destination, 2012–2023
      9. Exports, In Physical Terms, By Country, 2012–2023
      10. Exports, In Value Terms, By Country, 2012–2023
      11. Export Prices, By Country Of Origin, 2012–2023

    13. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Consumption, By Country, 2023
      4. Market Volume Forecast to 2030
      5. Market Value Forecast to 2030
      6. Products: Market Size And Growth, By Type
      7. Products: Average Per Capita Consumption, By Type
      8. Products: Exports And Growth, By Type
      9. Products: Export Prices And Growth, By Type
      10. Production Volume And Growth
      11. Exports And Growth
      12. Export Prices And Growth
      13. Market Size And Growth
      14. Per Capita Consumption
      15. Imports And Growth
      16. Import Prices
      17. Production, In Physical Terms, 2012–2023
      18. Production, In Value Terms, 2012–2023
      19. Production, By Country, 2023
      20. Production, In Physical Terms, By Country, 2012–2023
      21. Imports, In Physical Terms, 2012–2023
      22. Imports, In Value Terms, 2012–2023
      23. Imports, In Physical Terms, By Country, 2023
      24. Imports, In Physical Terms, By Country, 2012–2023
      25. Imports, In Value Terms, By Country, 2012–2023
      26. Import Prices, By Country, 2012–2023
      27. Exports, In Physical Terms, 2012–2023
      28. Exports, In Value Terms, 2012–2023
      29. Exports, In Physical Terms, By Country, 2023
      30. Exports, In Physical Terms, By Country, 2012–2023
      31. Exports, In Value Terms, By Country, 2012–2023
      32. Export Prices, 2012–2023

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