Updated Nov 17, 2022 09:46

Lithium Carbonate Market in Ukraine

Market Overview
The Ukrainian lithium carbonate market shrank rapidly to $ in , with a decrease of -% 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 showed a deep slump. Lithium carbonate consumption peaked at $ in 2013; however, from 2014 to , consumption failed to regain momentum.


Consumption
In , approx. kg of lithium carbonates were consumed in Ukraine; waning by -% on the year before. Overall, consumption saw a abrupt curtailment. Lithium carbonate consumption peaked at tons in 2013; however, from 2014 to , consumption failed to regain momentum.

The size of the lithium carbonate market in Ukraine fell to $ in , with a decrease of -% 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). Over the period under review, consumption recorded a deep contraction. Lithium carbonate consumption peaked at $ in 2013; however, from 2014 to , consumption remained at a lower figure.


Market Forecast
Depressed by shrinking demand for lithium carbonate in Ukraine, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to kg by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Lithium carbonate market in Ukraine consists almost entirely of imported products. In recent years, import price have increased sharply. Despite the hike in price, Ukraine relies completely on foreign supplies: the volume of domestic output remains insufficient to satiate market demand. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Ukraine 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 kg, 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.