In 2023, China dominated the global export market for lithium oxide and hydroxide, accounting for the largest share of 49.27%, followed by Chile and the United States with 14.61% and 12.97%, respectively. Emerging exporters like Slovenia and Spain recorded significant year-on-year increases, while traditional exporters like Canada and Australia experienced declines. The five-year CAGR indicates modest growth driven by major players and emerging markets, highlighting a dynamic landscape.
Future trends to watch include the rising demand for electric vehicles boosting lithium export opportunities, technological advancements improving extraction and processing efficiency, and potential shifts in trade policies influencing global market dynamics.
Top countries in Export of Lithium Oxide and Hydroxide Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 49.27 | 2023 | +5.98% | +4.2% | View data |
| 2 | 2 Chile | 14.61 | 2023 | +5.35% | +8.72% | View data |
| 3 | 3 United States | 12.97 | 2023 | +3.89% | +4.78% | View data |
| 4 | 4 Russia | 9.04 | 2023 | +5.57% | +5.93% | View data |
| 5 | 5 Canada | 5.16 | 2023 | +6.42% | -5.53% | View data |
| 6 | 6 Belgium | 5.08 | 2023 | +4.61% | +5.81% | View data |
| 7 | 7 Netherlands | 2.28 | 2023 | +5.66% | +5.09% | View data |
| 8 | 8 United Kingdom | 0.6 | 2023 | +5.33% | +4.62% | View data |
| 9 | 9 India | 0.32 | 2023 | +3.92% | +4.63% | View data |
| 10 | 10 France | 0.32 | 2023 | +4.96% | +4.97% | View data |
