Report Update Nov 1, 2024

Vietnam - Lithium Oxide - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Lithium Oxide Market 2024

Lithium Oxide Market Size in Vietnam

In 2021, after two years of growth, there was significant decline in the Vietnamese lithium oxide market, when its value decreased by -99.4% to $X. Overall, consumption faced a dramatic curtailment. Over the period under review, the market hit record highs at $X in 2020, and then reduced remarkably in the following year.

Lithium Oxide Production in Vietnam

In value terms, lithium oxide production declined significantly to $X in 2021 estimated in export price. In general, production saw a significant increase. The growth pace was the most rapid in 2020 when the production volume increased by 238% against the previous year. As a result, production attained the peak level of $X, and then fell markedly in the following year.

Lithium Oxide Exports

Exports from Vietnam

In 2021, approx. X tons of lithium oxides were exported from Vietnam; stabilizing at the previous year's figure. Over the period under review, exports continue to indicate a significant expansion. The smallest decline of 99.9% was in 2016. The exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, lithium oxide exports stood at $X in 2021. Overall, exports saw a significant expansion. The smallest decline of 99.9% was in 2016. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

Exports by Country

Brunei Darussalam (X tons) was the main destination for lithium oxide exports from Vietnam, with a approx. 100% share of total exports.

From 2015 to 2021, the average annual growth rate of volume to Brunei Darussalam was relatively modest.

From 2015 to 2021, the average annual rate of growth in terms of value to Brunei Darussalam was relatively modest.

Export Prices by Country

In 2021, the average lithium oxide export price amounted to $X per ton, standing approx. at the previous year. Over the period under review, the export price showed a sharp shrinkage. The growth pace was the most rapid in 2016 when the average export price decreased by 99.9%. Over the period under review, the average export prices hit record highs at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

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

From 2015 to 2021, the rate of growth in terms of prices for Brunei Darussalam amounted to 0.0% per year.

Lithium Oxide Imports

Imports into Vietnam

In 2021, purchases abroad of lithium oxides increased by 34% to X tons for the first time since 2016, thus ending a four-year declining trend. In general, imports saw a mild expansion. The pace of growth was the most pronounced in 2014 when imports increased by 78% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, lithium oxide imports surged to $X in 2021. Overall, imports continue to indicate notable growth. The growth pace was the most rapid in 2016 when imports increased by 148%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest lithium oxide supplier to Vietnam, with a 89% share of total imports. Moreover, lithium oxide imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. Australia (X kg) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-17.7% per year) and Australia (+1.6% per year).

In value terms, China ($X) constituted the largest supplier of lithium oxides to Vietnam, comprising 88% of total imports. The second position in the ranking was held by the United States ($X), with a 6.4% share of total imports. It was followed by Australia, with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-19.4% per year) and Australia (+5.0% per year).

Import Prices by Country

The average lithium oxide import price stood at $X per ton in 2021, reducing by -3.2% against the previous year. Over the period under review, the import price, however, recorded notable growth. The pace of growth was the most pronounced in 2017 when the average import price increased by 51% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from the United States ($X per ton) and Hong Kong SAR ($X per ton), while the price for Australia ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lithium oxide in the world?

The countries with the highest volumes of lithium oxide consumption in 2020 were Australia, South Korea and Japan, together comprising 80% of global consumption.

What are the largest producers of lithium oxide in the world?

The countries with the highest volumes of lithium oxide production in 2020 were China, Australia and Chile, together comprising 78% of global production. These countries were followed by the United States, Russia, Germany and Switzerland, which together accounted for a further 17%.

What are the leading suppliers of lithium oxide to Vietnam?

In value terms, China constituted the largest supplier of lithium oxide to Vietnam, comprising 67% of total imports. The second position in the ranking was occupied by Spain, with a 29% share of total imports.

What is the average export price for lithium oxide in Vietnam?

The average lithium oxide export price stood at $8,833 per ton in 2015, flattening at the previous year.

What is the average import price for lithium oxide in Vietnam?

The average lithium oxide import price stood at $9,015 per ton in 2020, falling by -40% against the previous year.

This report provides an in-depth analysis of the lithium oxide market in Vietnam. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023