Forecast: Import of Lithium Oxide and Hydroxide to China

The import of lithium oxide and hydroxide to China has shown significant fluctuations from 2013 to 2023. Major surges were observed, especially in 2017 with a remarkable 581.05% year-on-year increase. By 2023, imports reached 1402.3 thousand kilograms, marking a 5.38% increase from the previous year. The compound annual growth rate (CAGR) over the last five years averaged at 6.38%, indicating steady growth despite yearly variations.

Highlighting the future forecast from 2024 to 2028, the CAGR is expected to be 3.39%, with a total growth rate of 18.16%, projecting continued expansion of imports.

Future trends to watch include:

• China's increasing demand for electric vehicles and renewable energy storage, driving higher imports of lithium compounds.
• Potential supply chain disruptions or geopolitical factors affecting global lithium production and export.
• Technological advancements in battery technology and its impact on lithium demand.