Brazil: Lithium Oxide Market 2024

Lithium Oxide Market Size in Brazil

In 2021, after three years of growth, there was significant decline in the Brazilian lithium oxide market, when its value decreased by -18% to $X. Over the period under review, consumption, however, saw a significant expansion. Over the period under review, the market reached the peak level at $X in 2020, and then shrank notably in the following year.

Lithium Oxide Production in Brazil

In value terms, lithium oxide production shrank rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded significant growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by 306% against the previous year. Over the period under review, production reached the peak level at $X in 2020, and then contracted sharply in the following year.

Lithium Oxide Exports

Exports from Brazil

In 2021, shipments abroad of lithium oxides increased by 542% to X tons, rising for the fourth consecutive year after three years of decline. In general, exports continue to indicate significant growth. The growth pace was the most rapid in 2013 when exports increased by 1,191%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, lithium oxide exports skyrocketed to $X in 2021. Over the period under review, exports showed a significant expansion. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for lithium oxide exports from Brazil, with a 99% share of total exports. It was followed by Canada (X kg), with a 0.6% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest.

In value terms, the United States ($X) emerged as the key foreign market for lithium oxides exports from Brazil, comprising 98% of total exports. The second position in the ranking was held by Canada ($X), with a 2% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States was relatively modest.

Export Prices by Country

The average lithium oxide export price stood at $X per ton in 2021, surging by 1,597% against the previous year. Over the period under review, the export price enjoyed a slight expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+14.9%).

Lithium Oxide Imports

Imports into Brazil

In 2021, supplies from abroad of lithium oxides decreased by -22.5% to X kg, falling for the second consecutive year after two years of growth. In general, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2015 with an increase of 1,155% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, lithium oxide imports reduced rapidly to $X in 2021. Overall, imports, however, enjoyed modest growth. The pace of growth was the most pronounced in 2015 when imports increased by 1,403% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Spain (X kg) constituted the largest lithium oxide supplier to Brazil, accounting for a 87% share of total imports. Moreover, lithium oxide imports from Spain exceeded the figures recorded by the second-largest supplier, the United States (X kg), more than tenfold. China (X kg) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain amounted to +57.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (0.0% per year) and China (-41.0% per year).

In value terms, Spain ($X) constituted the largest supplier of lithium oxides to Brazil, comprising 72% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by the United States, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain amounted to +61.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-17.1% per year) and the United States (+25.3% per year).

Import Prices by Country

In 2021, the average lithium oxide import price amounted to $X per ton, which is down by -37.1% against the previous year. Overall, the import price, however, posted a significant increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 118%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+39.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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