Eastern Asia: Lithium Carbonate Market 2024

Lithium Carbonate Market Size in Eastern Asia

In 2023, the East Asian lithium carbonate market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Over the period under review, consumption, however, enjoyed a significant expansion. As a result, consumption attained the peak level of $X, and then reduced notably in the following year.

Lithium Carbonate Production in Eastern Asia

In value terms, lithium carbonate production rose remarkably to $X in 2023 estimated in export price. Over the period under review, production showed a buoyant expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Lithium Carbonate Exports

Exports in Eastern Asia

In 2023, after two years of growth, there was significant decline in shipments abroad of lithium carbonates, when their volume decreased by X% to X tons. In general, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The volume of export peaked at X tons in 2022, and then shrank markedly in the following year.

In value terms, lithium carbonate exports dropped markedly to $X in 2023. Overall, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2022 when exports increased by X%. As a result, the exports reached the peak of $X, and then fell rapidly in the following year.

Exports by Country

China represented the main exporting country with an export of around X tons, which resulted at X% of total exports. It was distantly followed by South Korea (X tons), creating a X% share of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2023. At the same time, South Korea (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2023. South Korea (X p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, China ($X) remains the largest lithium carbonate supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in China stood at X%.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2023, growing by X% against the previous year. Overall, the export price showed a buoyant increase. The most prominent rate of growth was recorded in 2022 an increase of X%. The level of export peaked in 2023 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while South Korea stood at $X per ton.

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

Lithium Carbonate Imports

Imports in Eastern Asia

After seven years of growth, overseas purchases of lithium carbonates decreased by X% to X tons in 2023. Over the period under review, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then declined dramatically in the following year.

In value terms, lithium carbonate imports contracted to $X in 2023. Overall, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

China represented the largest importing country with an import of about X tons, which accounted for X% of total imports. It was distantly followed by South Korea (X tons) and Japan (X tons), together mixing up a X% share of total imports.

China was also the fastest-growing in terms of the lithium carbonates imports, with a CAGR of X% from 2012 to 2023. At the same time, South Korea (X%) and Japan (X%) displayed positive paces of growth. China (X p.p.) significantly strengthened its position in terms of the total imports, while South Korea and Japan saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, China ($X) constitutes the largest market for imported lithium carbonates in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports.

In China, lithium carbonate imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2023, rising by X% against the previous year. Over the period under review, the import price saw a prominent increase. The pace of growth was the most pronounced in 2022 an increase of X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform