Asia: 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 Asia

The Asian nickel and lithium accumulators market soared to $X in 2022, picking up by 39% against the previous year. Overall, consumption saw a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

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

In value terms, nickel and lithium accumulators production rose modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 67%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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

Exports in Asia

In 2022, approx. X units of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators were exported in Asia; jumping by 17% on the previous year's figure. In general, exports showed buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 38% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, nickel and lithium accumulators exports soared to $X in 2022. Over the period under review, exports enjoyed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China was the major exporting country with an export of around X units, which resulted at 65% of total exports. Hong Kong SAR (X units) held a 13% share (based on physical terms) of total exports, which put it in second place, followed by Singapore (5.9%), Malaysia (5.4%) and Vietnam (5%). Thailand (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to nickel and lithium accumulators exports from China stood at +9.2%. At the same time, Thailand (+42.4%), Malaysia (+32.8%), Vietnam (+32.4%) and Singapore (+12.7%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of +42.4% from 2012-2022. Hong Kong SAR experienced a relatively flat trend pattern. Malaysia (+4.6 p.p.), Vietnam (+4.3 p.p.), Thailand (+2.3 p.p.), China (+1.9 p.p.) and Singapore (+1.7 p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR saw its share reduced by -15.6% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest nickel and lithium accumulators supplier in Asia, comprising 71% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 5.9% share of total exports. It was followed by Malaysia, with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +25.4%. In the other countries, the average annual rates were as follows: Hong Kong SAR (+9.7% per year) and Malaysia (+28.9% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, jumping by 32% against the previous year. Overall, the export price enjoyed strong growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per unit), while Thailand ($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 (+14.8%), while the other leaders experienced more modest paces of growth.

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

Imports in Asia

In 2022, overseas purchases of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators increased by 3.9% to X units, rising for the seventh year in a row after three years of decline. Overall, imports continue to indicate a strong increase. The pace of growth appeared the most rapid in 2021 when imports increased by 30% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, nickel and lithium accumulators imports skyrocketed to $X in 2022. Over the period under review, imports saw buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Hong Kong SAR was the largest importing country with an import of about X units, which resulted at 31% of total imports. South Korea (X units) ranks second in terms of the total imports with a 14% share, followed by Vietnam (13%), China (9.8%) and Singapore (6%). The following importers - Indonesia (X units), Japan (X units), Taiwan (Chinese) (X units), Malaysia (X units), Turkey (X units), India (X units) and Thailand (X units) - together made up 23% of total imports.

Imports into Hong Kong SAR decreased at an average annual rate of -2.2% from 2012 to 2022. At the same time, Indonesia (+65.7%), Vietnam (+41.6%), South Korea (+30.0%), Japan (+21.3%), Turkey (+13.6%), China (+11.2%), India (+9.2%), Malaysia (+5.6%), Singapore (+5.5%), Thailand (+4.8%) and Taiwan (Chinese) (+4.2%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in Asia, with a CAGR of +65.7% from 2012-2022. While the share of South Korea (+12 p.p.), Vietnam (+12 p.p.), Indonesia (+4.1 p.p.), China (+3.8 p.p.) and Japan (+3 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Hong Kong SAR (-37.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest nickel and lithium accumulators importing markets in Asia were South Korea ($X), Hong Kong SAR ($X) and Vietnam ($X), together accounting for 50% of total imports.

Vietnam, with a CAGR of +30.1%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, increasing by 14% against the previous year. Import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nickel and lithium accumulators import price increased by +72.1% against 2013 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+14.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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