Russian Federation: Market for Lithium Oxide, Hydroxide and Carbonate 2025

Market Size for Lithium Oxide, Hydroxide and Carbonate in the Russian Federation

The Russian market for lithium oxide, hydroxide and carbonates shrank significantly to $X in 2022, dropping by X% against the previous year. Overall, consumption recorded a mild curtailment. Lithium oxide, hydroxide and carbonate consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Lithium Oxide, Hydroxide and Carbonate in the Russian Federation

In value terms, lithium oxide, hydroxide and carbonate production fell to $X in 2022 estimated in export price. Over the period under review, the total production indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2016 when the production volume increased by X%. Lithium oxide, hydroxide and carbonate production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Lithium Oxide, Hydroxide and Carbonate

Exports from the Russian Federation

Lithium oxide, hydroxide and carbonate exports from Russia soared to X tons in 2022, increasing by X% compared with the previous year's figure. In general, exports saw a resilient increase. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, lithium oxide, hydroxide and carbonate exports surged to $X in 2022. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports by Country

Belgium (X tons), South Korea (X tons) and China (X tons) were the main destinations of lithium oxide, hydroxide and carbonate exports from Russia, with a combined X% share of total exports. Estonia, the United Arab Emirates, Turkey and India lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Turkey (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lithium oxide, hydroxide and carbonate exported from Russia were South Korea ($X), China ($X) and Belgium ($X), together comprising X% of total exports. Turkey, Estonia, the United Arab Emirates and India lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Turkey, with a CAGR of X.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for lithium oxide, hydroxide and carbonates amounted to $X per ton, shrinking by X% against the previous year. Overall, the export price, however, saw a prominent increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lithium Oxide, Hydroxide and Carbonate

Imports into the Russian Federation

In 2022, after four years of growth, there was significant decline in overseas purchases of lithium oxide, hydroxide and carbonates, when their volume decreased by X% to X tons. Overall, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then declined significantly in the following year.

In value terms, lithium oxide, hydroxide and carbonate imports declined markedly to $X in 2022. In general, imports, however, showed pronounced growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, South Korea (X tons) constituted the largest supplier of lithium oxide, hydroxide and carbonate to Russia, accounting for a X% share of total imports. Moreover, lithium oxide, hydroxide and carbonate imports from South Korea exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea amounted to X%.

In value terms, South Korea ($X) and the United States ($X) constituted the largest lithium oxide, hydroxide and carbonate suppliers to Russia.

South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average import price for lithium oxide, hydroxide and carbonates stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2016 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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