In 2023, Japan and South Korea dominated the global import market for lithium oxide and hydroxide, with shares of 47.18% and 23.76%, respectively. Their significant year-on-year increase by 14.96% and 4.29% highlights their booming demand for lithium-based products, primarily driven by the electric vehicle and battery industries. Notably, India and Belgium showed growth, as did emerging markets like Slovenia and Indonesia, each reflecting distinct strategic investments in renewable energy technologies.
Future trends to watch include Asia's continued leadership in import share, with countries like Japan and South Korea driving regional technology advancements. Western nations may see modest increases, focusing on sustainable energy solutions as the demand for electric vehicles and energy storage systems broadens globally.
Top countries in Import of Lithium Oxide and Hydroxide Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 47.18 | 2023 | +6.38% | +14.96% | View data |
| 2 | 2 South Korea | 23.76 | 2023 | +6.07% | +4.29% | View data |
| 3 | 3 India | 3.81 | 2023 | +4.55% | +5.45% | View data |
| 4 | 4 Belgium | 3.59 | 2023 | +4.31% | +5.79% | View data |
| 5 | 5 United States | 2.19 | 2023 | +4.17% | +7.09% | View data |
| 6 | 6 China | 2.16 | 2023 | +6.06% | +4.65% | View data |
| 7 | 7 France | 1.38 | 2023 | +4.54% | +3.89% | View data |
| 8 | 8 Canada | 1.17 | 2023 | +3.42% | +4.48% | View data |
| 9 | 9 Singapore | 0.92 | 2023 | +5.71% | +3.96% | View data |
| 10 | 10 Thailand | 0.86 | 2023 | +4.65% | +8.45% | View data |
