Mexico: Lithium Oxide Market 2025

Lithium Oxide Market Size in Mexico

The Mexican lithium oxide market declined dramatically to $X in 2021, with a decrease of -24.7% against the previous year. Overall, consumption recorded a precipitous curtailment. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Lithium Oxide Production in Mexico

In value terms, lithium oxide production totaled less than $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern.

Lithium Oxide Exports

Exports from Mexico

For the third consecutive year, Mexico recorded growth in overseas shipments of lithium oxides, which increased by 2,681% to X tons in 2014. In general, exports saw 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 exports soared to $X in 2014. Overall, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Cuba (X tons) was the main destination for lithium oxide exports from Mexico, accounting for a 96% share of total exports. Moreover, lithium oxide exports to Cuba exceeded the volume sent to the second major destination, Guatemala (X kg), more than tenfold.

From 2012 to 2014, the average annual growth rate of volume to Cuba was relatively modest.

In value terms, Cuba ($X) emerged as the key foreign market for lithium oxides exports from Mexico, comprising 95% of total exports. The second position in the ranking was held by Guatemala ($X), with a 4.7% share of total exports.

From 2012 to 2014, the average annual rate of growth in terms of value to Cuba was relatively modest.

Export Prices by Country

In 2014, the average lithium oxide export price amounted to $X per ton, falling by -14.9% against the previous year. In general, the export price continues to indicate a pronounced reduction. The growth pace was the most rapid in 2013 an increase of 7.6%. As a result, the export price attained the peak level of $X per ton, and then fell in the following year.

Average prices varied noticeably for the major export markets. In 2014, amid the top suppliers, the country with the highest price was Guatemala ($X per ton), while the average price for exports to Cuba totaled $X per ton.

From 2012 to 2014, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+5.2%).

Lithium Oxide Imports

Imports into Mexico

Lithium oxide imports into Mexico contracted notably to X tons in 2020, reducing by -51% compared with the previous year's figure. In general, imports saw a sharp contraction. The pace of growth was the most pronounced in 2014 with an increase of 25%. As a result, imports reached the peak of X tons. From 2015 to 2020, the growth of imports remained at a somewhat lower figure.

In value terms, lithium oxide imports declined rapidly to $X in 2020. Over the period under review, imports recorded a precipitous slump. The growth pace was the most rapid in 2014 when imports increased by 25%. As a result, imports reached the peak of $X. From 2015 to 2020, the growth of imports remained at a lower figure.

Imports by Country

In 2020, the United States (X tons) was the main lithium oxide supplier to Mexico, with a 95% share of total imports. Moreover, lithium oxide imports from the United States exceeded the figures recorded by the second-largest supplier, China (X kg), more than tenfold.

From 2012 to 2020, the average annual growth rate of volume from the United States stood at -12.8%.

In value terms, the United States ($X) constituted the largest supplier of lithium oxides to Mexico, comprising 96% of total imports. The second position in the ranking was taken by China ($X), with a 3.6% share of total imports.

From 2012 to 2020, the average annual rate of growth in terms of value from the United States totaled -16.1%.

Import Prices by Country

The average lithium oxide import price stood at $X per ton in 2020, approximately reflecting the previous year. Over the last eight-year period, it increased at an average annual rate of +4.0%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 27%. Over the period under review, average import prices attained the peak figure in 2020 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2020, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Germany (+95.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :