Iran: Market for Lithium Oxide, Hydroxide and Carbonate 2024

Market Size for Lithium Oxide, Hydroxide and Carbonate in Iran

After three years of growth, the Iranian market for lithium oxide, hydroxide and carbonates decreased by X% to $X in 2022. In general, consumption showed a buoyant increase. Over the period under review, the market hit record highs at $X in 2021, and then declined modestly in the following year.

Production of Lithium Oxide, Hydroxide and Carbonate in Iran

In value terms, lithium oxide, hydroxide and carbonate production amounted to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the production volume decreased by X% against the previous year. Lithium oxide, hydroxide and carbonate production peaked in 2022 and is likely to see gradual growth in the near future.

Exports of Lithium Oxide, Hydroxide and Carbonate

Exports from Iran

In 2021, overseas shipments of lithium oxide, hydroxide and carbonates decreased by X% to X kg, falling for the second consecutive year after two years of decline. In general, exports, however, showed a perceptible increase. The growth pace was the most rapid in 2015 with an increase of X%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, lithium oxide, hydroxide and carbonate exports fell significantly to $X in 2021. Overall, exports recorded a precipitous setback. The smallest decline of X% was in 2020. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Turkmenistan (X kg) and Georgia (X kg) were the main destinations of lithium oxide, hydroxide and carbonate exports from Iran.

From 2014 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Georgia (with a CAGR of X%).

In value terms, Turkmenistan ($X) and Georgia ($X) appeared to be the largest markets for lithium oxide, hydroxide and carbonate exported from Iran worldwide.

Georgia, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review.

Export Prices by Country

The average export price for lithium oxide, hydroxide and carbonates stood at $X per ton in 2021, waning by X% against the previous year. Over the period under review, the export price recorded a dramatic slump. The most prominent rate of growth was recorded in 2020 when the average export price decreased by X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Turkmenistan ($X per ton), while the average price for exports to Georgia stood at $X per ton.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (X%), while the prices for the other major destinations experienced a decline.

Imports of Lithium Oxide, Hydroxide and Carbonate

Imports into Iran

In 2022, the amount of lithium oxide, hydroxide and carbonates imported into Iran totaled X tons, flattening at 2021 figures. Overall, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, lithium oxide, hydroxide and carbonate imports reduced slightly to $X in 2022. Over the period under review, imports showed a prominent increase. The pace of growth was the most pronounced in 2015 when imports increased by X%. Imports peaked at $X in 2021, and then fell modestly in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of lithium oxide, hydroxide and carbonate to Iran, with a X% share of total imports. Moreover, lithium oxide, hydroxide and carbonate imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), threefold. The third position in this ranking was taken by South Korea (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of lithium oxide, hydroxide and carbonates to Iran, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average import price for lithium oxide, hydroxide and carbonates amounted to $X per ton, falling by X% against the previous year. In general, the import price, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2016 an increase of X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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