Turkey: Market for Lithium Oxide, Hydroxide and Carbonate 2024

Market Size for Lithium Oxide, Hydroxide and Carbonate in Turkey

The Turkish market for lithium oxide, hydroxide and carbonates skyrocketed to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption saw a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Lithium Oxide, Hydroxide and Carbonate in Turkey

In value terms, lithium oxide, hydroxide and carbonate production expanded to $X in 2022 estimated in export price. Over the period under review, production saw a resilient expansion. The pace of growth was the most pronounced in 2019 with an increase of X%. Lithium oxide, hydroxide and carbonate production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Lithium Oxide, Hydroxide and Carbonate

Exports from Turkey

In 2022, overseas shipments of lithium oxide, hydroxide and carbonates increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, lithium oxide, hydroxide and carbonate exports soared to $X in 2022. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Russia (X tons) was the main destination for lithium oxide, hydroxide and carbonate exports from Turkey, with a X% share of total exports. Moreover, lithium oxide, hydroxide and carbonate exports to Russia exceeded the volume sent to the second major destination, Greece (X tons), more than tenfold. The Netherlands (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (X% per year) and the Netherlands (X% per year).

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

From 2012 to 2022, the average annual rate of growth in terms of value to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Greece (X% per year).

Export Prices by Country

In 2022, the average export price for lithium oxide, hydroxide and carbonates amounted to $X per ton, dropping by X% against the previous year. In general, the export price, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: 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 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Israel (X.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lithium Oxide, Hydroxide and Carbonate

Imports into Turkey

In 2022, imports of lithium oxide, hydroxide and carbonates into Turkey skyrocketed to X tons, jumping by X% on 2021. Over the period under review, imports, however, recorded a mild reduction. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, lithium oxide, hydroxide and carbonate imports surged to $X in 2022. In general, imports saw strong growth. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of lithium oxide, hydroxide and carbonate to Turkey, accounting for a X% share of total imports. Moreover, lithium oxide, hydroxide and carbonate imports from Russia exceeded the figures recorded by the second-largest supplier, Chile (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Russia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and Germany (X% per year).

In value terms, Russia ($X) constituted the largest supplier of lithium oxide, hydroxide and carbonates to Turkey, comprising X% of total imports. The second position in the ranking was taken by Chile ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Russia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Chile (X% per year) and Germany (X% per year).

Import Prices by Country

The average import price for lithium oxide, hydroxide and carbonates stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 China ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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