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Report Asia-Pacific - Lithium Carbonate - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Asia-Pacific - Lithium Carbonate - Market Analysis, Forecast, Size, Trends and Insights

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Asia-Pacific: Lithium Carbonate Market 2024

Lithium Carbonate Market Size in Asia-Pacific

The Asia-Pacific lithium carbonate market skyrocketed to $X in 2021, rising by 33% against the previous year. Overall, consumption saw prominent growth. The level of consumption peaked in 2021 and is likely to see steady growth in the near future.

Lithium Carbonate Production in Asia-Pacific

In value terms, lithium carbonate production skyrocketed to $X in 2021 estimated in export price. In general, production, however, showed prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 99%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Lithium Carbonate Exports

Exports in Asia-Pacific

Lithium carbonate exports surged to X tons in 2021, rising by 28% on 2020. Overall, exports enjoyed a resilient increase. The growth pace was the most rapid in 2018 when exports increased by 165%. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, lithium carbonate exports soared to $X in 2021. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 180% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China represented the main exporting country with an export of about X tons, which finished at 63% of total exports. It was distantly followed by South Korea (X tons), committing a 33% share of total exports. India (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by South Korea (with a CAGR of +30.2%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest lithium carbonate supplier in Asia-Pacific, comprising 66% of total exports. The second position in the ranking was taken by South Korea ($X), with a 31% share of total exports.

In China, lithium carbonate exports increased at an average annual rate of +19.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+41.1% per year) and India (+25.3% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2021, surging by 42% against the previous year. Over the period under review, the export price posted a prominent increase. The pace of growth appeared the most rapid in 2017 when the export price increased by 48% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2021, 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 China ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+8.4%), while the other leaders experienced mixed trends in the export price figures.

Lithium Carbonate Imports

Imports in Asia-Pacific

For the sixth year in a row, Asia-Pacific recorded growth in purchases abroad of lithium carbonates, which increased by 43% to X tons in 2021. Overall, imports recorded a strong expansion. The pace of growth was the most pronounced in 2016 with an increase of 47%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, lithium carbonate imports soared to $X in 2021. Over the period under review, imports showed a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of 116%. The level of import peaked at $X in 2018; afterwards, it flattened through to 2021.

Imports by Country

China represented the largest importing country with an import of around X tons, which resulted at 56% of total imports. South Korea (X tons) took a 29% share (based on physical terms) of total imports, which put it in second place, followed by Japan (14%).

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +21.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lithium carbonate importing markets in Asia-Pacific were China ($X), South Korea ($X) and Japan ($X), together accounting for 98% of total imports.

Among the main importing countries, China, with a CAGR of +27.5%, recorded the highest rates of growth with regard to 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

In 2021, the import price in Asia-Pacific amounted to $X per ton, surging by 4% against the previous year. Over the period under review, the import price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 when the import price increased by 47% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+7.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

China constituted the country with the largest volume of lithium oxide, hydroxide and carbonate consumption, accounting for 50% of total volume. Moreover, lithium oxide, hydroxide and carbonate consumption in China exceeded the figures recorded by the second-largest consumer, Japan, threefold. South Korea ranked third in terms of total consumption with a 17% share.
China remains the largest lithium oxide, hydroxide and carbonate producing country in Asia-Pacific, comprising approx. 74% of total volume. Moreover, lithium oxide, hydroxide and carbonate production in China exceeded the figures recorded by the second-largest producer, Australia, threefold.
In value terms, China remains the largest lithium oxide, hydroxide and carbonate supplier in Asia-Pacific, comprising 96% of total exports. The second position in the ranking was occupied by South Korea, with a 2.8% share of total exports.
In value terms, South Korea, China and Japan appeared to be the countries with the highest levels of imports in 2021, together comprising 97% of total imports.
In 2021, the d carbonates in Asia-Pacific amounted to $10,275 per ton, picking up by 8.7% against the previous year.
The d carbonates in Asia-Pacific stood at $8,954 per ton in 2021, waning by -4.1% against the previous year.

This report provides an in-depth analysis of the lithium carbonate market in Asia-Pacific. 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:

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Production in Asia-Pacific, split by region and country
    • Trade (exports and imports) in Asia-Pacific
    • 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. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
      2. PRODUCTION BY COUNTRY

    8. 8. 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. 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
      • Afghanistan
      • Australia
      • Bangladesh
      • Bhutan
      • Brunei Darussalam
      • Cambodia
      • China
      • Hong Kong SAR
      • Macao SAR
      • Cook Islands
      • Fiji
      • French Polynesia
      • India
      • Indonesia
      • Japan
      • Kiribati
      • Malaysia
      • Maldives
      • Marshall Islands
      • Micronesia
      • Myanmar
      • Nepal
      • New Caledonia
      • New Zealand
      • Northern Mariana Islands
      • Pakistan
      • Palau
      • Papua New Guinea
      • Philippines
      • Samoa
      • Singapore
      • Solomon Islands
      • South Korea
      • Sri Lanka
      • Taiwan (Chinese)
      • Thailand
      • Timor-Leste
      • Tokelau
      • Tonga
      • Tuvalu
      • Vanuatu
      • Vietnam
      • Wallis and Futuna Islands
      • Lao People's Democratic Republic
      • American Samoa
      • Democratic People's Republic of Korea
      • Nauru
      • Niue
      • Guam

    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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