Norway: Lithium Carbonate Market 2025

Lithium Carbonate Market Size in Norway

After three years of decline, the Norwegian lithium carbonate market increased by 1.4% to $X in 2021. Overall, consumption, however, continues to indicate buoyant growth. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Lithium Carbonate Exports

Exports from Norway

In 2021, after four years of decline, there was decline in shipments abroad of lithium carbonates, when their volume decreased by 0% to X kg. Over the period under review, exports saw a dramatic downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 110% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, lithium carbonate exports reduced to $X in 2021. Overall, exports showed a significant decline. The pace of growth appeared the most rapid in 2016 when exports increased by 168%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The UK (X kg) was the main destination for lithium carbonate exports from Norway, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the UK totaled -45.8%.

In value terms, the UK ($X) also remains the key foreign market for lithium carbonates exports from Norway.

From 2012 to 2021, the average annual growth rate of value to the UK stood at -45.4%.

Export Prices by Country

The average lithium carbonate export price stood at $X per ton in 2021, declining by -7.7% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 28%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2021, the rate of growth in terms of prices for the UK amounted to +0.7% per year.

Lithium Carbonate Imports

Imports into Norway

In 2021, approx. X tons of lithium carbonates were imported into Norway; falling by -5.8% on 2020 figures. In general, total imports indicated a tangible increase from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +6.3% against 2019 indices. The growth pace was the most rapid in 2015 when imports increased by 92%. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, lithium carbonate imports rose sharply to $X in 2021. Over the period under review, imports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 75%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Switzerland (X tons), Belgium (X tons) and Chile (X tons) were the main suppliers of lithium carbonate imports to Norway, with a combined 41% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Switzerland (with a CAGR of +172.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lithium carbonate suppliers to Norway were Belgium ($X), Switzerland ($X) and Chile ($X), together accounting for 41% of total imports.

Switzerland, with a CAGR of +256.2%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average lithium carbonate import price stood at $X per ton in 2021, picking up by 14% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lithium carbonate import price decreased by -22.9% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 87%. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 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 France ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+26.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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