Algeria: Lithium Battery Market 2024

Lithium Battery Market Size in Algeria

In 2021, the Algerian lithium battery market increased by 89% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption saw moderate growth. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Lithium Battery Exports

Exports from Algeria

In 2021, after two years of decline, there was significant growth in shipments abroad of lithium cells ans batteries, when their volume increased by 12% to X tons. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 197% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, lithium battery exports expanded remarkably to $X in 2021. Overall, exports enjoyed significant growth. The growth pace was the most rapid in 2016 when exports increased by 154%. Over the period under review, the exports hit record highs in 2021 and are likely to see steady growth in the near future.

Exports by Country

The United States (X tons) was the main destination for lithium battery exports from Algeria, accounting for a 92% share of total exports. Moreover, lithium battery exports to the United States exceeded the volume sent to the second major destination, Nigeria (X kg), more than tenfold. The UK (X kg) ranked third in terms of total exports with a 2.2% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +40.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (+23.3% per year) and the UK (+9.7% per year).

In value terms, the UK ($X), the United States ($X) and France ($X) constituted the largest markets for lithium battery exported from Algeria worldwide, with a combined 95% share of total exports.

The United States, with a CAGR of +55.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lithium battery export price stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of 83%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+35.5%), while the prices for the other major destinations experienced more modest paces of growth.

Lithium Battery Imports

Imports into Algeria

In 2021, supplies from abroad of lithium cells ans batteries increased by 84% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a slight descent. The most prominent rate of growth was recorded in 2018 with an increase of 366%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, lithium battery imports skyrocketed to $X in 2021. Overall, imports enjoyed buoyant growth. The pace of growth was the most pronounced in 2018 when imports increased by 249% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest lithium battery supplier to Algeria, accounting for a 37% share of total imports. Moreover, lithium battery imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+58.1% per year) and the United States (-14.1% per year).

In value terms, China ($X), the United Arab Emirates ($X) and the United States ($X) constituted the largest lithium battery suppliers to Algeria, together accounting for 24% of total imports.

The United Arab Emirates, with a CAGR of +75.7%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average lithium battery import price stood at $X per ton in 2021, stabilizing at the previous year. In general, the import price, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2014 when the average import price increased by 100%. The import price peaked at $X per ton in 2020, and then reduced modestly in the following year.

Prices varied noticeably country of origin: the country with the highest price was the United Arab Emirates ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform