MENA: Lithium Carbonate Market 2024

Lithium Carbonate Market Size in MENA

The MENA's lithium carbonate market skyrocketed to $X in 2023, rising by X% against the previous year. The total consumption indicated a prominent increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Lithium Carbonate Production in MENA

In value terms, lithium carbonate production expanded to $X in 2023 estimated in export price. Overall, production enjoyed a significant expansion. The growth pace was the most rapid in 2017 when the production volume increased by X%. The level of production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Lithium Carbonate Exports

Exports in MENA

In 2023, approx. X tons of lithium carbonates were exported in MENA; falling by X% on the previous year's figure. Overall, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons, and then contracted notably in the following year.

In value terms, lithium carbonate exports dropped notably to $X in 2023. In general, exports saw a perceptible decrease. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the exports attained the peak of $X, and then contracted notably in the following year.

Exports by Country

Turkey prevails in exports structure, reaching X tons, which was near X% of total exports in 2023. The United Arab Emirates (X kg) took a relatively small share of total exports.

Turkey was also the fastest-growing in terms of the lithium carbonates exports, with a CAGR of X% from 2012 to 2023. The United Arab Emirates (X%) illustrated a downward trend over the same period. Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Turkey ($X) remains the largest lithium carbonate supplier in MENA, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Turkey amounted to X%.

Export Prices by Country

In 2023, the export price in MENA amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the export price saw significant growth. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2023, the export prices remained at a lower figure.

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 the United Arab Emirates ($X per ton), while Turkey amounted to $X per ton.

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

Lithium Carbonate Imports

Imports in MENA

In 2023, approx. X tons of lithium carbonates were imported in MENA; with an increase of X% on 2022 figures. Overall, imports, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, lithium carbonate imports shrank to $X in 2023. Over the period under review, imports, however, faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2022 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2023, imports remained at a lower figure.

Imports by Country

The United Arab Emirates represented the largest importer of lithium carbonates in MENA, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2023. It was distantly followed by Iran (X tons), achieving a X% share of total imports. Israel (X tons) and Egypt (X tons) held a relatively small share of total imports.

The United Arab Emirates 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, Iran (X%) displayed positive paces of growth. By contrast, Israel (X%) and Egypt (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Iran (X p.p.) and Israel (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Iran ($X) and Israel ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

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

Import Prices by Country

In 2023, the import price in MENA amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price, however, saw a noticeable increase. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2023, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform