United Arab Emirates: Lithium Oxide Market 2024

Lithium Oxide Market Size in the United Arab Emirates

For the fourth year in a row, the lithium oxide market in the United Arab Emirates recorded growth in sales value, which increased by less than 0.1% to $X in 2021. In general, consumption, however, showed significant growth. Lithium oxide consumption peaked in 2021 and is likely to see gradual growth in the near future.

Lithium Oxide Exports

Exports from the United Arab Emirates

In 2021, the amount of lithium oxides exported from the United Arab Emirates skyrocketed to X tons, increasing by 363% on 2020 figures. In general, exports posted significant growth. The growth pace was the most rapid in 2014 when exports increased by 834% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, lithium oxide exports skyrocketed to $X in 2021. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Uganda (X tons), Azerbaijan (X tons) and Iran (X tons) were the main destinations of lithium oxide exports from the United Arab Emirates, together comprising 9.1% of total exports. Sudan, India, Oman, Afghanistan, Indonesia, Pakistan, Kenya and Saudi Arabia lagged somewhat behind, together comprising a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Afghanistan (with a CAGR of +86.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lithium oxide exported from the United Arab Emirates were Iran ($X), Sudan ($X) and Azerbaijan ($X), together comprising 3.8% of total exports. Pakistan, Indonesia, Afghanistan, Oman, India, Kenya, Uganda and Saudi Arabia lagged somewhat behind, together accounting for a further 3.4%.

Among the main countries of destination, Oman, with a CAGR of +50.0%, saw the highest rates of growth with regard to 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 2021, the average lithium oxide export price amounted to $X per ton, picking up by 175% against the previous year. Over the period under review, the export price recorded mild growth. The most prominent rate of growth was recorded in 2016 an increase of 197% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the average price for exports to Uganda ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.

Lithium Oxide Imports

Imports into the United Arab Emirates

For the fourth consecutive year, the United Arab Emirates recorded growth in purchases abroad of lithium oxides, which increased by 45% to X tons in 2021. Overall, imports posted a significant expansion. The growth pace was the most rapid in 2013 when imports increased by 127% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, lithium oxide imports surged to $X in 2021. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X tons) constituted the largest lithium oxide supplier to the United Arab Emirates, accounting for a 48% share of total imports. Moreover, lithium oxide imports from Russia exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was taken by China (X tons), with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume from Russia totaled +23.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (0.0% per year) and China (+13.1% per year).

In value terms, Russia ($X) constituted the largest supplier of lithium oxides to the United Arab Emirates, comprising 28% of total imports. The second position in the ranking was held by China ($X), with a 7.8% share of total imports. It was followed by the United States, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia totaled +24.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+19.5% per year) and the United States (0.0% per year).

Import Prices by Country

The average lithium oxide import price stood at $X per ton in 2021, picking up by 79% against the previous year. In general, the import price continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2016 an increase of 137%. Over the period under review, average import prices reached the peak figure 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 (+5.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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