Croatia: Lithium Carbonate Market 2025

Lithium Carbonate Market Size in Croatia

The Croatian lithium carbonate market rose to $X in 2021, growing by 1.8% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Lithium Carbonate Production in Croatia

In value terms, lithium carbonate production shrank to $X in 2021 estimated in export price. Over the period under review, the total production indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +39.3% against 2015 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by 15%. As a result, production reached the peak level of $X, and then declined in the following year.

Lithium Carbonate Exports

Exports from Croatia

In 2021, shipments abroad of lithium carbonates decreased by -9.9% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports showed a pronounced shrinkage. The growth pace was the most rapid in 2013 when exports increased by 100%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, lithium carbonate exports surged to $X in 2021. Overall, exports, however, posted a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 99%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Serbia (X tons) was the main destination for lithium carbonate exports from Croatia, with a 93% share of total exports. Moreover, lithium carbonate exports to Serbia exceeded the volume sent to the second major destination, Slovenia (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Serbia stood at -2.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (-19.8% per year) and Bosnia and Herzegovina (+23.8% per year).

In value terms, Serbia ($X) remains the key foreign market for lithium carbonates exports from Croatia, comprising 93% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with a 5.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Serbia totaled +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+18.3% per year) and Slovenia (-23.8% per year).

Export Prices by Country

In 2021, the average lithium carbonate export price amounted to $X per ton, growing by 54% against the previous year. Over the period under review, the export price saw resilient growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 68% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (+14.7%), while the prices for the other major destinations experienced a decline.

Lithium Carbonate Imports

Imports into Croatia

In 2021, the amount of lithium carbonates imported into Croatia declined notably to X tons, waning by -19.3% on the previous year's figure. Over the period under review, imports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 56% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, lithium carbonate imports soared to $X in 2021. Overall, total imports indicated a noticeable increase from 2012 to 2021: its value increased at an average annual rate of +3.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -9.7% against 2019 indices. The pace of growth was the most pronounced in 2019 when imports increased by 69% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of lithium carbonate to Croatia, accounting for a 63% share of total imports. Moreover, lithium carbonate imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X kg), threefold.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands stood at +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.6% per year) and Poland (+31.4% per year).

In value terms, Germany ($X) constituted the largest supplier of lithium carbonates to Croatia, comprising 65% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 31% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +8.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+8.0% per year) and Poland (+36.9% per year).

Import Prices by Country

In 2021, the average lithium carbonate import price amounted to $X per ton, surging by 78% against the previous year. Overall, the import price saw a buoyant expansion. The growth pace was the most rapid in 2016 when the average import price increased by 177%. The import price peaked in 2021 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :