Lithium Carbonate Market in China
Market Overview
In 
, the Chinese lithium carbonate market increased by % to $, rising for the second consecutive year after two years of decline. Over the period under review, consumption posted a resilient expansion. Over the period under review, the market attained the peak level in and is likely to see steady growth in years to come.
In value terms, lithium carbonate production skyrocketed to $ in estimated in export price. Over the period under review, production, however, posted a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of %. Over the period under review, production attained the peak level at $ in 2017; however, from 2018 to , production stood at a somewhat lower figure.
, the Chinese lithium carbonate market increased by % to $, rising for the second consecutive year after two years of decline. Over the period under review, consumption posted a resilient expansion. Over the period under review, the market attained the peak level in and is likely to see steady growth in years to come.In value terms, lithium carbonate production skyrocketed to $
in estimated in export price. Over the period under review, production, however, posted a prominent increase. The pace of growth was the most pronounced in 2016 with an increase of %. Over the period under review, production attained the peak level at $ in 2017; however, from 2018 to , production stood at a somewhat lower figure.Consumption
For the third year in a row, China recorded growth in consumption of lithium carbonates, which increased by % to tonnes in . In general, consumption posted a prominent increase. Over the period under review, consumption attained the maximum volume in and is likely to see steady growth in the immediate term.
The size of the lithium carbonate market in China soared to $ in , jumping by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted strong growth. Lithium carbonate consumption peaked in and is likely to see gradual growth in the immediate term.
% to tonnes in . In general, consumption posted a prominent increase. Over the period under review, consumption attained the maximum volume in and is likely to see steady growth in the immediate term.The size of the lithium carbonate market in China soared to $
in , jumping by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption posted strong growth. Lithium carbonate consumption peaked in and is likely to see gradual growth in the immediate term.Market Forecast
Driven by increasing demand for lithium carbonate in China, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tonnes by the end of .
% for the period from to , which is projected to bring the market volume to tonnes by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in China increased significantly over the last fourteen-year period (from % to %).
% to %).Trade Balance
China remains a net importer of lithium carbonate; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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