Report Update Apr 1, 2024

Nigeria - Lithium Carbonate - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Market for Lithium Oxide, Hydroxide and Carbonate 2024

Market Size for Lithium Oxide, Hydroxide and Carbonate in Nigeria

In 2022, after two years of growth, there was significant decline in the Nigerien market for lithium oxide, hydroxide and carbonates, when its value decreased by X% to $X. Overall, consumption, however, showed a precipitous curtailment. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Lithium Oxide, Hydroxide and Carbonate in Nigeria

In value terms, lithium oxide, hydroxide and carbonate production dropped remarkably to $X in 2022 estimated in export price. Over the period under review, production saw temperate growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Lithium oxide, hydroxide and carbonate production peaked at $X in 2021, and then reduced dramatically in the following year.

Exports of Lithium Oxide, Hydroxide and Carbonate

Exports from Nigeria

In 2022, the amount of lithium oxide, hydroxide and carbonates exported from Nigeria surged to X tons, with an increase of X% against the previous year's figure. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, lithium oxide, hydroxide and carbonate exports surged to $X in 2022. Overall, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for lithium oxide, hydroxide and carbonate exports from Nigeria, with a X% share of total exports. Moreover, lithium oxide, hydroxide and carbonate exports to China exceeded the volume sent to the second major destination, India (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to X%.

In value terms, China ($X) emerged as the key foreign market for lithium oxide, hydroxide and carbonates exports from Nigeria, comprising X% of total exports. The second position in the ranking was taken by India ($X), with an X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled X%.

Export Prices by Country

In 2022, the average export price for lithium oxide, hydroxide and carbonates amounted to $X per ton, growing by X% against the previous year. In general, the export price, however, faced a dramatic setback. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to China amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%).

Imports of Lithium Oxide, Hydroxide and Carbonate

Imports into Nigeria

Lithium oxide, hydroxide and carbonate imports into Nigeria contracted dramatically to X kg in 2022, falling by X% against the year before. In general, imports recorded a deep setback. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, lithium oxide, hydroxide and carbonate imports shrank markedly to $X in 2022. Overall, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X kg) was the main lithium oxide, hydroxide and carbonate supplier to Nigeria, with a X% share of total imports. Moreover, lithium oxide, hydroxide and carbonate imports from India exceeded the figures recorded by the second-largest supplier, China (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to X%.

In value terms, India ($X) constituted the largest supplier of lithium oxide, hydroxide and carbonates to Nigeria, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from India totaled X%.

Import Prices by Country

In 2022, the average import price for lithium oxide, hydroxide and carbonates amounted to $X per ton, waning by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2021, and then dropped notably in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for India amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lithium oxide, hydroxide and carbonate in the world?

The countries with the highest volumes of consumption in 2023 were China, South Korea and Japan, together comprising 87% of global consumption.

What are the largest producers of lithium oxide, hydroxide and carbonate in the world?

The country with the largest volume of lithium oxide, hydroxide and carbonate production was Chile, comprising approx. 80% of total volume. Moreover, lithium oxide, hydroxide and carbonate production in Chile exceeded the figures recorded by the second-largest producer, China, eightfold. The third position in this ranking was held by Australia, with a 2.7% share.

What are the leading suppliers of lithium oxide, hydroxide and carbonate to Nigeria?

In value terms, India constituted the largest supplier of lithium oxide, hydroxide and carbonates to Nigeria, comprising 95% of total imports. The second position in the ranking was held by China $249), with a 4.5% share of total imports.

What are the leading importers of lithium oxide, hydroxide and carbonate from Nigeria?

In value terms, China emerged as the key foreign market for lithium oxide, hydroxide and carbonates exports from Nigeria, comprising 91% of total exports. The second position in the ranking was held by India, with an 8.2% share of total exports.

What is the average export price for lithium oxide, hydroxide and carbonate in Nigeria?

In 2022, the average export price for lithium oxide, hydroxide and carbonates amounted to $784 per ton, increasing by 2,331% against the previous year.

What is the average import price for lithium oxide, hydroxide and carbonate in Nigeria?

The average import price for lithium oxide, hydroxide and carbonates stood at $14,139 per ton in 2022, reducing by -36.4% against the previous year.

This report provides an in-depth analysis of the market for lithium oxide, hydroxide and carbonate in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023