South-Eastern Asia: Market for Lithium Oxide, Hydroxide and Carbonate 2024

Market Size for Lithium Oxide, Hydroxide and Carbonate in South-Eastern Asia

The Southeast Asian market for lithium oxide, hydroxide and carbonates soared to $X in 2022, surging by X% against the previous year. In general, consumption recorded a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Lithium Oxide, Hydroxide and Carbonate in South-Eastern Asia

In value terms, lithium oxide, hydroxide and carbonate production rose rapidly to $X in 2022 estimated in export price. In general, production recorded a significant increase. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Lithium Oxide, Hydroxide and Carbonate

Exports in South-Eastern Asia

Lithium oxide, hydroxide and carbonate exports skyrocketed to X tons in 2022, growing by X% against the previous year. Over the period under review, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, lithium oxide, hydroxide and carbonate exports surged to $X in 2022. Overall, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

In 2022, Thailand (X tons) represented the main exporter of lithium oxide, hydroxide and carbonates, making up X% of total exports. Malaysia (X tons) held the second position in the ranking, distantly followed by Singapore (X tons). All these countries together held approx. X% share of total exports.

Thailand was also the fastest-growing in terms of the lithium oxide, hydroxide and carbonates exports, with a CAGR of X% from 2012 to 2022. At the same time, Malaysia (X%) displayed positive paces of growth. By contrast, Singapore (X%) illustrated a downward trend over the same period. Thailand (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest lithium oxide, hydroxide and carbonate supplying countries in South-Eastern Asia were Malaysia ($X), Thailand ($X) and Singapore ($X), with a combined X% share of total exports.

In terms of the main exporting countries, Malaysia, with a CAGR of X%, recorded 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 2022, the export price in South-Eastern Asia amounted to $X per ton, rising by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood 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 Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Imports of Lithium Oxide, Hydroxide and Carbonate

Imports in South-Eastern Asia

In 2022, supplies from abroad of lithium oxide, hydroxide and carbonates increased by X% to X tons, rising for the second consecutive year after three years of decline. Over the period under review, imports posted a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, lithium oxide, hydroxide and carbonate imports skyrocketed to $X in 2022. In general, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Vietnam (X tons), Singapore (X tons) and Thailand (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Indonesia (X tons), generating a X% share of total imports. Malaysia (X tons) and the Philippines (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by the Philippines (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Thailand ($X) and Singapore ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Vietnam, with a CAGR of X%, recorded the highest growth rate of 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

The import price in South-Eastern Asia stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the import price continues to indicate a resilient expansion. 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.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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