Algeria: Market for Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators 2024

Market Size for Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators in Algeria

In 2022, the Algerian nickel and lithium accumulators market decreased by -54.7% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption showed a deep contraction. Nickel and lithium accumulators consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Exports of Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators

Exports from Algeria

In 2022, the amount of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators exported from Algeria dropped to X units, with a decrease of -7.8% against the previous year. In general, exports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2017 when exports increased by 1,243% against the previous year. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, nickel and lithium accumulators exports surged to $X in 2022. Overall, exports, however, enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 1,056%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa (X units) was the main destination for nickel and lithium accumulators exports from Algeria, accounting for a 91% share of total exports. It was followed by Nigeria (X units), with a 2.9% share of total exports. The third position in this ranking was held by Germany (X units), with a 1.9% share.

From 2012 to 2022, the average annual growth rate of volume to South Africa totaled +9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (0.0% per year) and Germany (+24.6% per year).

In value terms, South Africa ($X) remains the key foreign market for nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators exports from Algeria, comprising 94% of total exports. The second position in the ranking was held by Nigeria ($X), with a 3% share of total exports. It was followed by France, with a 0.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to South Africa totaled +15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (-6.4% per year) and France (-27.3% per year).

Export Prices by Country

In 2022, the average nickel and lithium accumulators export price amounted to $X per unit, growing by 90% against the previous year. In general, the export price, however, showed a mild descent. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (+5.9%), while the prices for the other major destinations experienced a decline.

Imports of Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators

Imports into Algeria

Nickel and lithium accumulators imports into Algeria reduced markedly to X units in 2022, which is down by -62.2% against 2021. Overall, imports faced a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 85%. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, nickel and lithium accumulators imports shrank significantly to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 47%. Imports peaked at $X in 2021, and then fell rapidly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of nickel and lithium accumulators to Algeria, with a 62% share of total imports. Moreover, nickel and lithium accumulators imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fivefold. The third position in this ranking was held by France (X units), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -18.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+32.3% per year) and France (+11.1% per year).

In value terms, the largest nickel and lithium accumulators suppliers to Algeria were China ($X), France ($X) and Sweden ($X), with a combined 51% share of total imports. Hong Kong SAR, the United States, the UK and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 12%.

Among the main suppliers, Hong Kong SAR, with a CAGR of +40.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average nickel and lithium accumulators import price amounted to $X per unit, rising by 31% against the previous year. Over the period under review, the import price showed prominent growth. The most prominent rate of growth was recorded in 2021 an increase of 109%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :