Accumulator Prices in China

China Accumulator Export Price in September 2022

In September 2022, the accumulator price amounted to $13.6 per unit (FOB, China), dropping by -6.4% against the previous month. In general, export price indicated a resilient increase from January 2022 to September 2022: its price increased at an average monthly rate of +6.1% over the last eight months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, accumulator export price increased by +52.4% against April 2022 indices. The most prominent rate of growth was recorded in May 2022 when the average export price increased by 24% against the previous month. Over the period under review, the average export prices attained the peak figure at $14.5 per unit in August 2022, and then shrank in the following month.

There were significant differences in the average prices for the major overseas markets. In September 2022, the country with the highest price was Iraq ($35.2 per unit), while the average price for exports to Indonesia ($9.0 per unit) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+30.2%), while the prices for the other major destinations experienced more modest paces of growth.

China Accumulator Export Prices by Type

Average prices varied somewhat for the major types of exported product. In September 2022, the product with the highest price was lead-acid accumulators for starting piston engines ($18.4 per unit), while the average price for exports of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators ($13.4 per unit) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for the following types: nickel and lithium accumulators (+6.7%), while the prices for the other products experienced mixed trend patterns.

China Accumulator Exports

Accumulator exports from China totaled 394M units in September 2022, growing by 4.4% compared with August 2022 figures. Over the period under review, exports, however, continue to indicate a slight reduction. The most prominent rate of growth was recorded in March 2022 when exports increased by 28% m-o-m. Over the period under review, the exports attained the peak figure at 447M units in January 2022; however, from February 2022 to September 2022, the exports failed to regain momentum.

In value terms, accumulator exports dropped slightly to $5.3B (IndexBox estimates) in September 2022. In general, total exports indicated a temperate expansion from January 2022 to September 2022: its value increased at an average monthly rate of +4.5% over the last eight-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2022 figures, exports increased by +112.6% against February 2022 indices. The most prominent rate of growth was recorded in March 2022 with an increase of 44% month-to-month. The exports peaked at 5.5B units in August 2022, and then contracted slightly in the following month.

China Accumulator Exports by Type

Nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators (378M units) was the largest type of accumulator exported from China, accounting for a 96% share of total exports. It was followed by lead-acid accumulators (excluding starter batteries) (12M units), with a 3.1% share of total exports.

From January 2022 to September 2022, the average monthly rate of growth in terms of the volume of export of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators amounted to -1.4%. With regard to the other exported products, the following average monthly rates of growth were recorded: lead-acid accumulators (excluding starter batteries) (-5.0% per month) and lead-acid accumulators for starting piston engines (-5.6% per month).

In value terms, nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators ($5.1B) remains the largest type of accumulator exported from China, comprising 95% of total exports. The second position in the ranking was held by lead-acid accumulators (excluding starter batteries) ($211M), with a 4% share of total exports.

From January 2022 to September 2022, the average monthly growth rate of the export volume of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators totaled +5.2%. With regard to the other exported products, the following average monthly rates of growth were recorded: lead-acid accumulators (excluding starter batteries) (-3.2% per month) and lead-acid accumulators for starting piston engines (-6.1% per month).

China Accumulator Exports by Country

Indonesia (593K units) was the main destination for accumulator exports from China, with a 0.2% share of total exports. Moreover, accumulator exports to Indonesia exceeded the volume sent to the second major destination, Malaysia (230K units), threefold. The third position in this ranking was taken by Mexico (195K units), with less than 0.1% share.

From January 2022 to September 2022, the average monthly rate of growth in terms of volume to Indonesia amounted to -28.7%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Malaysia (-37.8% per month) and Mexico (-42.8% per month).

In value terms, Malaysia ($6.6M), Indonesia ($5.4M) and Mexico ($4.1M) appeared to be the largest markets for accumulator exported from China worldwide, together accounting for 0.3% of total exports. These countries were followed by the United States, Iraq, the United Arab Emirates, the Philippines, Saudi Arabia, Japan, Nigeria, Colombia, Poland and India, which together accounted for a further 0.4%.

Iraq, with a CAGR of -17.9%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Source: IndexBox Market Intelligence Platform