Japan leads the global import of lithium oxide and hydroxide in 2024 with 43.075 million kilograms, experiencing a 13.99% increase from 2023. South Korea follows at 15.032 million kilograms, with a 4.02% rise. Significant growth is seen in countries like Slovenia (29.76%) and France (18.58%), emphasizing the expansion in electrical vehicle and battery technology sectors. Conversely, the United Kingdom and Russia showed declines. Over the last five years, there has been a consistent import increase, reflecting an industry shift towards sustainable energy sources.
In the future, global demand for lithium oxide and hydroxide is expected to rise, driven by a growing shift toward electric vehicles and renewable energy initiatives. Countries' import patterns may change based on advancements in technology and changes in national energy policies. Monitoring emerging markets' growth and established markets' diversification strategies will be crucial for stakeholders.
Top countries in Import of Lithium Oxide and Hydroxide by Country
| # | 10 Countries | Kilograms | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 43,075,000 | 2023 | +6.09% | +13.99% | View data |
| 2 | 2 South Korea | 15,032,000 | 2023 | +5.83% | +4.02% | View data |
| 3 | 3 Spain | 3,092,300 | 2023 | +5.24% | +3.08% | View data |
| 4 | 4 Belgium | 2,694,100 | 2023 | +1.2% | +2.31% | View data |
| 5 | 5 Canada | 2,231,600 | 2023 | +1.73% | +2.5% | View data |
| 6 | 6 India | 2,115,800 | 2023 | +1.39% | +1.29% | View data |
| 7 | 7 France | 1,695,000 | 2023 | +3.72% | +18.58% | View data |
| 8 | 8 United States | 1,330,000 | 2023 | +0.64% | +4.62% | View data |
| 9 | 9 Slovenia | 729,650 | 2023 | +3.35% | +29.76% | View data |
| 10 | 10 Thailand | 455,650 | 2023 | +1.94% | +5.36% | View data |
