EU: 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 the EU

In 2023, after two years of growth, there was significant decline in the EU market for lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide, when its value decreased by X% to $X. Overall, consumption, however, posted slight growth. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market failed to regain momentum.

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

In value terms, production of lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide expanded rapidly to $X in 2023 estimated in export price. Over the period under review, production enjoyed a notable expansion. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

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

Exports in the EU

In 2023, shipments abroad 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 2015, thus ending a seven-year rising trend. Over the period under review, exports, however, recorded a resilient expansion. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports of attained the peak figure at X tons in 2022, and then declined notably in the following year.

In value terms, exports of lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide rose remarkably to $X in 2023. Overall, exports, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports of hit record highs in 2023 and are likely to continue growth in the immediate term.

Exports by Country

In 2023, the Netherlands (X tons) was the major exporter of lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide, achieving X% of total exports. France (X tons) took the second position in the ranking, distantly followed by Belgium (X tons) and Poland (X tons). All these countries together held approx. X% share of total exports. Sweden (X tons) held a minor share of total exports.

Exports from the Netherlands increased at an average annual rate of X% from 2012 to 2023. At the same time, Poland (X%) and Sweden (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. France experienced a relatively flat trend pattern. By contrast, Belgium (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.) and Poland (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of France (X p.p.) and Belgium (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide supplying countries in the European Union were the Netherlands ($X), Poland ($X) and Belgium ($X), with a combined X% share of total exports.

Among the main exporting countries, Poland, with a CAGR of X%, saw the highest growth rate of 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 2023, the export price in the European Union amounted to $X per ton, surging by X% against the previous year. Overall, the export price posted modest growth. As a result, the export 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 exporting countries. In 2023, amid the top suppliers, the country with the highest price was Poland ($X per ton), while Sweden ($X per ton) was amongst the lowest.

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

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

Imports in the EU

After two years of growth, 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 in 2023. Over the period under review, imports, however, recorded a slight increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of X tons. From 2019 to 2023, the growth of imports of remained at a lower figure.

In value terms, imports of lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide reduced to $X in 2023. In general, imports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at $X in 2022, and then dropped in the following year.

Imports by Country

In 2023, the Netherlands (X tons), distantly followed by the Czech Republic (X tons), France (X tons), Germany (X tons), Sweden (X tons), Spain (X tons), Belgium (X tons) and Italy (X tons) were the key importers of lithium oxide and hydroxide, vanadium oxides and hydroxides, nickel oxides and hydroxides, germanium oxides and zirconium dioxide, together comprising X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Sweden (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), the Netherlands ($X) and the Czech Republic ($X) constituted the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

In terms of the main importing countries, Sweden, with a CAGR of X%, saw the highest growth rate of 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 the European Union stood at $X per ton in 2023, jumping by X% against the previous year. Overall, the import price recorded a resilient expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform