Report Update Feb 1, 2025

Nigeria - Lithium Carbonate - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Lithium Carbonate Market 2025

Lithium Carbonate Market Size in Nigeria

The Nigerien lithium carbonate market dropped notably to $X in 2021, waning by -70% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a sharp descent. Lithium carbonate consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Lithium Carbonate Exports

Exports from Nigeria

In 2021, the amount of lithium carbonates exported from Nigeria declined markedly to X kg, dropping by -20% compared with 2020 figures. In general, exports showed a sharp slump. The smallest decline of -16.7% was in 2020. Over the period under review, the exports hit record highs at X kg in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, lithium carbonate exports contracted markedly to $X in 2021. Over the period under review, exports continue to indicate a sharp setback. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Sierra Leone (X kg) was the main destination for lithium carbonate exports from Nigeria, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Sierra Leone was relatively modest.

In value terms, Sierra Leone ($X) emerged as the key foreign market for lithium carbonates exports from Nigeria.

From 2012 to 2021, the average annual rate of growth in terms of value to Sierra Leone was relatively modest.

Export Prices by Country

The average lithium carbonate export price stood at $X per ton in 2021, almost unchanged from the previous year. Overall, the export price recorded temperate growth. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 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 Sierra Leone.

From 2012 to 2021, the rate of growth in terms of prices for Russia amounted to 0.0% per year.

Lithium Carbonate Imports

Imports into Nigeria

For the fourth consecutive year, Nigeria recorded decline in supplies from abroad of lithium carbonates, which decreased by -75.8% to X kg in 2021. In general, imports continue to indicate a sharp curtailment. The growth pace was the most rapid in 2017 with an increase of 64%. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, lithium carbonate imports declined remarkably to $X in 2021. Over the period under review, imports showed a sharp downturn. The growth pace was the most rapid in 2014 with an increase of 107%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X kg), India (X kg) and the Netherlands (X kg) were the main suppliers of lithium carbonate imports to Nigeria, with a combined 97% share of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +15.8%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of lithium carbonates to Nigeria, comprising 64% of total imports. The second position in the ranking was held by India ($X), with a 30% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -24.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+3.0% per year) and the Netherlands (-19.6% per year).

Import Prices by Country

The average lithium carbonate import price stood at $X per ton in 2021, picking up by 37% against the previous year. Over the period under review, the import price recorded a resilient increase. The pace of growth was the most pronounced in 2014 an increase of 61% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for India ($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 (+15.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lithium oxide, hydroxide and carbonate in the world?

The country with the largest volume of lithium oxide, hydroxide and carbonate consumption was China, comprising approx. 34% of total volume. Moreover, lithium oxide, hydroxide and carbonate consumption in China exceeded the figures recorded by the second-largest consumer, Chile, twofold. The third position in this ranking was occupied by Japan, with a 12% share.

What are the largest producers of lithium oxide, hydroxide and carbonate in the world?

The countries with the highest volumes of in 2021 were China, Chile and Australia, together accounting for 80% of global production. These countries were followed by Argentina, the United States, the Netherlands and Russia, which together accounted for a further 17%.

What are the leading suppliers of lithium oxide, hydroxide and carbonate to Nigeria?

In value terms, China constituted the largest supplier of lithium oxide, hydroxide and carbonate to Nigeria, comprising 56% of total imports. The second position in the ranking was occupied by India, with a 26% share of total imports. It was followed by Belgium, with an 11% share.

What is the average export price for lithium oxide, hydroxide and carbonate in Nigeria?

In 2021, the average export price for lithium oxide, hydroxide and carbonates amounted to $13,571 per ton, increasing by 21% against the previous year.

What is the average import price for lithium oxide, hydroxide and carbonate in Nigeria?

The average import price for lithium oxide, hydroxide and carbonates stood at $8,450 per ton in 2021, surging by 2.1% against the previous year.

This report provides an in-depth analysis of the lithium carbonate market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024