Forecast: Import of Lithium Oxide and Hydroxide to Viet Nam

The import of Lithium Oxide and Hydroxide to Vietnam has experienced significant fluctuations from 2013 to 2023, standing at 27.1 thousand kilograms in 2023. Key variations over the last two years include a 7.44% decline in 2022 and a further 2.84% decline in 2023. The CAGR over the past five years is -2.79%, indicating a steady decrease.

From 2024 onwards, forecasts suggest continued declines with a 5-year CAGR of -2.63%, leading to an expected import volume of 23.05 thousand kilograms by 2028. This represents a forecasted overall reduction of 12.48% over the next five years.

Future trends to watch for include potential market shifts due to advancements in lithium alternative technologies, changes in global supply dynamics, and evolving demand for lithium-based products in Vietnam's growing industries.