Angola: Market for Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators 2025

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

The Angolan nickel and lithium accumulators market rose to $X in 2022, picking up by 4.3% against the previous year. In general, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +40.6% against 2013 indices. Nickel and lithium accumulators consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators in Angola

In value terms, nickel and lithium accumulators production stood at $X in 2022 estimated in export price. In general, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.7% against 2020 indices. The growth pace was the most rapid in 2013 when the production volume increased by 35% against the previous year. Nickel and lithium accumulators production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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

Exports from Angola

Nickel and lithium accumulators exports from Angola shrank significantly to X units in 2022, dropping by -66.2% against the previous year. In general, exports faced a precipitous slump. The most prominent rate of growth was recorded in 2020 when exports increased by 3.7%. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, nickel and lithium accumulators exports reduced rapidly to $X in 2022. Overall, exports faced a sharp setback. The most prominent rate of growth was recorded in 2020 when exports increased by 52% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X units), Congo (X units) and Cuba (X units) were the main destinations of nickel and lithium accumulators exports from Angola, together comprising 52% of total exports. The United Arab Emirates, South Africa, Sao Tome and Principe, Portugal, Democratic Republic of the Congo, Nigeria, Belgium, France, Canada and the UK lagged somewhat behind, together accounting for a further 43%.

From 2015 to 2022, the biggest increases were recorded for Portugal (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Congo ($X) remains the key foreign market for nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators exports from Angola, comprising 72% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 5.7% share of total exports. It was followed by South Africa, with a 5% share.

From 2015 to 2022, the average annual growth rate of value to Congo totaled -37.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-26.7% per year) and South Africa (-48.7% per year).

Export Prices by Country

In 2022, the average nickel and lithium accumulators export price amounted to $X per unit, declining by -29.9% against the previous year. Overall, the export price saw a abrupt decrease. The growth pace was the most rapid in 2020 an increase of 46% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+3.2%), 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 Angola

In 2022, purchases abroad of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators increased by 338% to X units, rising for the second year in a row after three years of decline. Overall, imports posted a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, nickel and lithium accumulators imports surged to $X in 2022. Over the period under review, imports, however, saw a deep contraction. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest nickel and lithium accumulators supplier to Angola, accounting for a 23% share of total imports. Moreover, nickel and lithium accumulators imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X units), sixfold. Hong Kong SAR (X units) ranked third in terms of total imports with a 1.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +8.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-4.8% per year) and Hong Kong SAR (+1.4% per year).

In value terms, China ($X) constituted the largest supplier of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators to Angola, comprising 47% of total imports. The second position in the ranking was taken by Portugal ($X), with a 15% share of total imports. It was followed by Hong Kong SAR, with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-13.0% per year) and Hong Kong SAR (-0.5% per year).

Import Prices by Country

The average nickel and lithium accumulators import price stood at $X per unit in 2022, with a decrease of -59.5% against the previous year. In general, the import price saw a deep contraction. The pace of growth was the most pronounced in 2016 when the average import price increased by 22% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($X per unit), while the price for India ($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 (-1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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