Forecast: Import of Lithium Carbonates to Denmark

The import of lithium carbonates to Denmark has experienced notable fluctuation over the past decade. Starting from 62.13 thousand kilograms in 2013, imports have seen significant peaks and troughs, with an all-time high of 112.1 thousand kilograms in 2017. However, since 2018, the trend has generally been downward, culminating in a further reduction to 50.65 thousand kilograms by 2023. The past two years saw decreases of 17.58% and 10.1%, respectively, with a CAGR of -4.24% over the last five years. The five-year forecast indicates a continual annual decline at a CAGR of -13.83%, reaching 21.3 thousand kilograms by 2028.

Future trends to watch for include:

• Growth of electric vehicle (EV) market influencing lithium carbonate demand.
• Potential policy changes promoting sustainable energy solutions.
• Advancements in alternative energy storage technologies reducing dependency on lithium carbonate.