EU: Lithium Carbonate Market 2024

Lithium Carbonate Market Size in the EU

The EU lithium carbonate market amounted to $X in 2023, growing by X% against the previous year. In general, consumption continues to indicate a prominent increase. Over the period under review, the market reached the maximum level in 2023 and is expected to retain growth in the near future.

Lithium Carbonate Production in the EU

In value terms, lithium carbonate production reduced slightly to $X in 2023 estimated in export price. Over the period under review, production, however, posted a buoyant increase. The pace of growth was the most pronounced in 2013 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.

Lithium Carbonate Exports

Exports in the EU

In 2023, after two years of growth, there was significant decline in overseas shipments of lithium carbonates, when their volume decreased by X% to X tons. Over the period under review, exports, however, continue to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, the exports reached the peak of X tons, and then fell sharply in the following year.

In value terms, lithium carbonate exports reduced markedly to $X in 2023. In general, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2022 with an increase of X%. As a result, the exports reached the peak of $X, and then dropped markedly in the following year.

Exports by Country

The Netherlands was the key exporting country with an export of around X tons, which accounted for X% of total exports. It was distantly followed by Germany (X tons), Belgium (X tons), France (X tons), Spain (X tons) and Italy (X tons), together constituting a X% share of total exports. Ireland (X tons) took a minor share of total exports.

From 2012 to 2023, average annual rates of growth with regard to lithium carbonate exports from the Netherlands stood at X%. At the same time, Ireland (X%), France (X%), Italy (X%) and Spain (X%) displayed positive paces of growth. Moreover, Ireland emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2023. By contrast, Germany (X%) and Belgium (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.), France (X p.p.), Spain (X p.p.), Italy (X p.p.) and Ireland (X p.p.) significantly strengthened its position in terms of the total exports, while Germany and Belgium saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, the Netherlands ($X) remains the largest lithium carbonate supplier in the European Union, comprising X% of total exports. The second position in the ranking was taken by Belgium ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2023, the average annual growth rate of value in the Netherlands amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Belgium (X% per year) and Germany (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2023, growing by X% against the previous year. Overall, the export price posted a prominent expansion. The pace of growth was the most pronounced in 2022 an increase of X%. The level of export peaked in 2023 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Ireland ($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.

Lithium Carbonate Imports

Imports in the EU

In 2023, overseas purchases of lithium carbonates decreased by X% to X tons for the first time since 2017, thus ending a five-year rising trend. In general, imports, however, saw a strong expansion. The growth pace was the most rapid in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of X tons, and then shrank rapidly in the following year.

In value terms, lithium carbonate imports shrank to $X in 2023. Overall, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports reached the peak of $X, and then fell in the following year.

Imports by Country

The Netherlands was the main importer of lithium carbonates in the European Union, with the volume of imports recording X tons, which was approx. X% of total imports in 2023. Germany (X tons) held the second position in the ranking, distantly followed by Belgium (X tons). All these countries together held approx. X% share of total imports. France (X tons) and Spain (X tons) followed a long way behind the leaders.

The Netherlands was also the fastest-growing in terms of the lithium carbonates imports, with a CAGR of X% from 2012 to 2023. France (X%), Germany (X%), Belgium (X%) and Spain (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.) significantly strengthened its position in terms of the total imports, while France, Spain, Belgium and Germany saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively.

In value terms, the Netherlands ($X), Germany ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2023, together accounting for X% of total imports.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 the European Union amounted to $X per ton, with an increase of X% against the previous year. Over the period under review, the import price posted a remarkable 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 2018; however, from 2019 to 2023, import prices remained at a lower figure.

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

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

Source: IndexBox Platform