In 2023, China's import of lithium carbonates stood at 39 million kilograms. Looking ahead to the forecast period of 2024 to 2028, imports are anticipated to rise progressively from 40.182 million kilograms in 2024 to 46.481 million kilograms by 2028. This showcases an average compound annual growth rate (CAGR) of around 3.0% over five years. Such growth aligns with increased demand driven by the burgeoning electric vehicle market and advancements in battery technology across China.
Future trends to watch include potential changes in global supply chains, policy shifts towards sustainability, and technological innovations in battery efficiency. Additionally, geopolitical developments and local environmental regulations could influence the import dynamics of lithium carbonates.
