ECOWAS: Market for Lithium Oxide, Hydroxide and Carbonate 2025

Market Size for Lithium Oxide, Hydroxide and Carbonate in ECOWAS

In 2022, the ECOWAS market for lithium oxide, hydroxide and carbonates increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption, however, saw a buoyant increase. Over the period under review, the market attained the peak level in 2022 and is likely to continue growth in the immediate term.

Production of Lithium Oxide, Hydroxide and Carbonate in ECOWAS

In value terms, lithium oxide, hydroxide and carbonate production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Lithium Oxide, Hydroxide and Carbonate

Exports in ECOWAS

In 2022, the amount of lithium oxide, hydroxide and carbonates exported in ECOWAS surged to X tons, jumping by X% against the previous year's figure. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, lithium oxide, hydroxide and carbonate exports soared to $X in 2022. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Nigeria prevails in exports structure, accounting for X tons, which was near X% of total exports in 2022. Niger (X tons) took a minor share of total exports.

Nigeria was also the fastest-growing in terms of the lithium oxide, hydroxide and carbonates exports, with a CAGR of X% from 2012 to 2022. Niger experienced a relatively flat trend pattern. From 2012 to 2022, the share of Nigeria and Niger increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) remains the largest lithium oxide, hydroxide and carbonate supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Niger ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Nigeria totaled X%.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price continues to indicate a significant contraction. The most prominent rate of growth was recorded in 2016 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per ton), while Niger amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (X%).

Imports of Lithium Oxide, Hydroxide and Carbonate

Imports in ECOWAS

Lithium oxide, hydroxide and carbonate imports fell remarkably to X tons in 2022, declining by X% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate moderate growth. The growth pace was the most rapid in 2013 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2021, and then shrank notably in the following year.

In value terms, lithium oxide, hydroxide and carbonate imports dropped rapidly to $X in 2022. In general, imports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Ghana dominates imports structure, finishing at X tons, which was approx. X% of total imports in 2022. The following importers - Cote d'Ivoire (X kg), Nigeria (X kg) and Sierra Leone (X kg) - together made up X% of total imports.

Ghana was also the fastest-growing in terms of the lithium oxide, hydroxide and carbonates imports, with a CAGR of X% from 2012 to 2022. Nigeria (X%), Cote d'Ivoire (X%) and Sierra Leone (X%) illustrated a downward trend over the same period. Ghana (X p.p.) and Sierra Leone (X p.p.) significantly strengthened its position in terms of the total imports, while Nigeria and Cote d'Ivoire saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Ghana ($X) constitutes the largest market for imported lithium oxide, hydroxide and carbonates in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Nigeria, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Ghana stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (X% per year) and Nigeria (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, the import price enjoyed strong growth. The pace of growth appeared the most rapid in 2017 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Ghana ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform