Eastern Asia: Lithium Oxide Market 2025

Lithium Oxide Market Size in Eastern Asia

The East Asian lithium oxide market expanded to $X in 2021, with an increase of 4.6% against the previous year. The total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -5.6% against 2019 indices. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Lithium Oxide Production in Eastern Asia

In value terms, lithium oxide production stood at $X in 2021 estimated in export price. The total production indicated a moderate expansion from 2012 to 2021: its value increased at an average annual rate of +3.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -17.3% against 2018 indices. The pace of growth appeared the most rapid in 2016 when the production volume increased by 46%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Lithium Oxide Exports

Exports in Eastern Asia

For the tenth year in a row, Eastern Asia recorded growth in overseas shipments of lithium oxides, which increased by 30% to X tons in 2021. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2017 when exports increased by 92%. The volume of export peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, lithium oxide exports skyrocketed to $X in 2021. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 89% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in years to come.

Exports by Country

The biggest shipments were from China (X tons), together reaching 99.9% of total export.

China was also the fastest-growing in terms of the lithium oxides exports, with a CAGR of +40.5% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest lithium oxide supplier in Eastern Asia.

In China, lithium oxide exports increased at an average annual rate of +47.0% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, rising by 7.6% against the previous year. Over the period under review, the export price continues to indicate a noticeable increase. The most prominent rate of growth was recorded in 2016 an increase of 79% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +4.6% per year.

Lithium Oxide Imports

Imports in Eastern Asia

In 2021, imports of lithium oxides in Eastern Asia surged to X tons, increasing by 33% compared with the previous year's figure. Overall, imports posted a significant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 122%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, lithium oxide imports soared to $X in 2021. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 125% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

Imports by Country

South Korea was the main importer of lithium oxides in Eastern Asia, with the volume of imports amounting to X tons, which was near 59% of total imports in 2021. It was distantly followed by Japan (X tons), generating a 37% share of total imports. China (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by South Korea (with a CAGR of +53.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lithium oxide importing markets in Eastern Asia were South Korea ($X), Japan ($X) and China ($X), with a combined 100% share of total imports.

In terms of the main importing countries, South Korea, with a CAGR of +56.3%, saw 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

The import price in Eastern Asia stood at $X per ton in 2021, which is down by -8.7% against the previous year. Import price indicated a tangible expansion from 2012 to 2021: its price 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, lithium oxide import price decreased by -24.9% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the import price increased by 32%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

Average prices varied noticeably 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 China (+3.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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