Vietnam: Market for Lithium Oxide, Hydroxide and Carbonate 2024

Market Size for Lithium Oxide, Hydroxide and Carbonate in Vietnam

After four years of decline, the Vietnamese market for lithium oxide, hydroxide and carbonates increased by X% to $X in 2022. Overall, consumption posted resilient growth. Over the period under review, the market attained the maximum level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Lithium Oxide, Hydroxide and Carbonate in Vietnam

In value terms, lithium oxide, hydroxide and carbonate production skyrocketed to $X in 2022 estimated in export price. In general, production, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Lithium Oxide, Hydroxide and Carbonate

Exports from Vietnam

In 2022, exports of lithium oxide, hydroxide and carbonates from Vietnam declined dramatically to X kg, reducing by X% against the year before. In general, exports saw a deep downturn. Over the period under review, the exports reached the maximum at X tons in 2021, and then fell dramatically in the following year.

In value terms, lithium oxide, hydroxide and carbonate exports declined sharply to $X in 2022. Over the period under review, exports, however, posted a buoyant increase. The exports peaked at $X in 2021, and then declined notably in the following year.

Exports by Country

The Netherlands (X kg) was the main destination for lithium oxide, hydroxide and carbonate exports from Vietnam, with a approx. X% share of total exports.

From 2015 to 2022, the average annual growth rate of volume to the Netherlands amounted to X%.

In value terms, the Netherlands ($X) emerged as the key foreign market for lithium oxide, hydroxide and carbonates exports from Vietnam.

From 2015 to 2022, the average annual growth rate of value to the Netherlands totaled X%.

Export Prices by Country

The average export price for lithium oxide, hydroxide and carbonates stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price enjoyed significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2015 to 2022, the rate of growth in terms of prices for the Netherlands amounted to X% per year.

Imports of Lithium Oxide, Hydroxide and Carbonate

Imports into Vietnam

In 2022, overseas purchases of lithium oxide, hydroxide and carbonates decreased by X% to X tons, falling for the fourth consecutive year after seven years of growth. Over the period under review, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, lithium oxide, hydroxide and carbonate imports amounted to $X in 2022. In general, imports recorded a slight reduction. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

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

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

In value terms, Chile ($X) constituted the largest supplier of lithium oxide, hydroxide and carbonates to Vietnam, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

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

Import Prices by Country

The average import price for lithium oxide, hydroxide and carbonates stood at $X per ton in 2022, with an increase of X% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price 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, lithium oxide, hydroxide and carbonate import price increased by X% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the United Arab Emirates ($X per ton), while the price for India ($X per ton) was amongst the lowest.

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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