Lithuania: Market for Lithium Oxide, Hydroxide and Carbonate 2024

Market Size for Lithium Oxide, Hydroxide and Carbonate in Lithuania

The Lithuanian market for lithium oxide, hydroxide and carbonates dropped significantly to $X in 2022, waning by X% against the previous year. In general, consumption, however, recorded a slight increase. Lithium oxide, hydroxide and carbonate consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Lithium Oxide, Hydroxide and Carbonate in Lithuania

In value terms, lithium oxide, hydroxide and carbonate production soared to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Lithium oxide, hydroxide and carbonate production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Lithium Oxide, Hydroxide and Carbonate

Exports from Lithuania

After three years of growth, overseas shipments of lithium oxide, hydroxide and carbonates decreased by X% to X tons in 2022. Over the period under review, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped notably in the following year.

In value terms, lithium oxide, hydroxide and carbonate exports declined to $X in 2022. In general, exports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then dropped in the following year.

Exports by Country

Russia (X tons) was the main destination for lithium oxide, hydroxide and carbonate exports from Lithuania, with a X% share of total exports. It was followed by the Netherlands (X kg), with a X% share of total exports.

From 2014 to 2022, the average annual growth rate of volume to Russia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Estonia (X% per year).

In value terms, Russia ($X) remains the key foreign market for lithium oxide, hydroxide and carbonates exports from Lithuania, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports.

From 2014 to 2022, the average annual growth rate of value to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Estonia (X% per year).

Export Prices by Country

The average export price for lithium oxide, hydroxide and carbonates stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price enjoyed strong growth. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Russia ($X per ton) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Lithium Oxide, Hydroxide and Carbonate

Imports into Lithuania

Lithium oxide, hydroxide and carbonate imports into Lithuania surged to X tons in 2022, increasing by X% compared with 2021. In general, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, lithium oxide, hydroxide and carbonate imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, France (X tons) constituted the largest supplier of lithium oxide, hydroxide and carbonate to Lithuania, with a X% share of total imports. Moreover, lithium oxide, hydroxide and carbonate imports from France exceeded the figures recorded by the second-largest supplier, Austria (X kg), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (X% per year) and Poland (X% per year).

In value terms, France ($X) constituted the largest supplier of lithium oxide, hydroxide and carbonates to Lithuania, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from France was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Austria (X% per year).

Import Prices by Country

In 2022, the average import price for lithium oxide, hydroxide and carbonates amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price, however, saw a prominent expansion. The growth pace was the most rapid in 2017 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then declined dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($X per ton), while the price for France ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform