Eastern Europe: Lithium Carbonate Market 2024

Lithium Carbonate Market Size in Eastern Europe

The East European lithium carbonate market surged to $X in 2022, increasing by X% against the previous year. Overall, consumption posted a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Lithium Carbonate Production in Eastern Europe

In value terms, lithium carbonate production reached $X in 2022 estimated in export price. Over the period under review, production, however, saw a significant increase. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Lithium Carbonate Exports

Exports in Eastern Europe

In 2022, overseas shipments of lithium carbonates increased by X% to X tons, rising for the third consecutive year after two years of decline. Over the period under review, exports, however, saw a noticeable curtailment. The growth pace was the most rapid in 2020 when exports increased by X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, lithium carbonate exports surged to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Poland (X tons) represented the major exporter of lithium carbonates, comprising X% of total exports. Hungary (X tons) held the second position in the ranking, followed by Lithuania (X tons), the Czech Republic (X tons) and Russia (X tons). All these countries together took near X% share of total exports.

Exports from Poland increased at an average annual rate of X% from 2012 to 2022. At the same time, Lithuania (X%), Hungary (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Russia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland, Hungary, Lithuania and the Czech Republic increased by X, X, X and X percentage points, respectively.

In value terms, Hungary ($X) emerged as the largest lithium carbonate supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Poland ($X), with a X% share of total exports. It was followed by Lithuania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Hungary totaled X%. In the other countries, the average annual rates were as follows: Poland (X% per year) and Lithuania (X% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price posted a measured increase. The growth pace was the most rapid in 2016 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Hungary ($X per ton), while the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the other leaders experienced more modest paces of growth.

Lithium Carbonate Imports

Imports in Eastern Europe

In 2022, approx. X tons of lithium carbonates were imported in Eastern Europe; increasing by X% against the year before. Overall, imports posted significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lithium carbonate imports soared to $X in 2022. Over the period under review, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of lithium carbonate imports in 2022 were Russia (X tons), together recording X% of total import.

Russia was also the fastest-growing in terms of the lithium carbonates imports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of Russia increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported lithium carbonates in Eastern Europe.

In Russia, lithium carbonate imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the import price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :