Asia: Market for Lithium Oxide And Hydroxide, Vanadium Oxides And Hydroxides, Nickel Oxides And Hydroxides, Germanium Oxides And Zirconium Dioxide 2024

Market Size for Lithium Oxide And Hydroxide, Vanadium Oxides And Hydroxides, Nickel Oxides And Hydroxides, Germanium Oxides And Zirconium Dioxide in Asia

The Asian market for lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide contracted notably to $X in 2023, waning by X% against the previous year. In general, consumption, however, posted slight growth. As a result, consumption reached the peak level of $X, and then dropped sharply in the following year.

Production of Lithium Oxide And Hydroxide, Vanadium Oxides And Hydroxides, Nickel Oxides And Hydroxides, Germanium Oxides And Zirconium Dioxide in Asia

In value terms, production of lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide reached $X in 2023 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2023, production stood at a somewhat lower figure.

Exports of Lithium Oxide And Hydroxide, Vanadium Oxides And Hydroxides, Nickel Oxides And Hydroxides, Germanium Oxides And Zirconium Dioxide

Exports in Asia

Exports of lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide soared to X tons in 2023, picking up by X% against 2022. Over the period under review, exports continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports of attained the maximum in 2023 and are likely to see steady growth in years to come.

In value terms, exports of lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide skyrocketed to $X in 2023. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2022 when exports increased by X%. Over the period under review, the exports of attained the peak figure in 2023 and are likely to see gradual growth in the immediate term.

Exports by Country

China prevails in dioxide structure, accounting for X tons, which was near X% of total exports in 2023. Japan (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide exports, with a CAGR of X% from 2012 to 2023. At the same time, Japan (X%) displayed positive paces of growth. From 2012 to 2023, the share of China increased by X percentage points.

In value terms, China ($X) remains the largest lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide supplier in Asia, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports.

In China, exports of lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Asia amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price showed buoyant growth. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while Japan amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%).

Imports of Lithium Oxide And Hydroxide, Vanadium Oxides And Hydroxides, Nickel Oxides And Hydroxides, Germanium Oxides And Zirconium Dioxide

Imports in Asia

In 2023, overseas purchases of lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide decreased by X% to X tons for the first time since 2013, thus ending a nine-year rising trend. Over the period under review, imports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then dropped sharply in the following year.

In value terms, imports of lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide declined sharply to $X in 2023. In general, imports, however, recorded a significant increase. The growth pace was the most rapid in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then contracted rapidly in the following year.

Imports by Country

South Korea was the major importer of lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide in Asia, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2023. Japan (X tons) took the second position in the ranking, distantly followed by China (X tons) and India (X tons). All these countries together took approx. X% share of total imports. The following importers - Singapore (X tons) and Thailand (X tons) - each amounted to an X% share of total imports.

Imports into South Korea increased at an average annual rate of X% from 2012 to 2023. At the same time, Singapore (X%), Thailand (X%), Japan (X%), China (X%) and India (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2023. While the share of South Korea (X p.p.), Singapore (X p.p.) and Thailand (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of China (X p.p.), Japan (X p.p.) and India (X p.p.) displayed negative dynamics.

In value terms, South Korea ($X), Japan ($X) and China ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports. India, Singapore and Thailand lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Singapore, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2023, with an increase of X% against the previous year. Overall, the import price saw a strong expansion. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. The level of import peaked in 2023 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform