Asia-Pacific: 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 Asia-Pacific

For the third year in a row, the Asia-Pacific nickel and lithium accumulators market recorded growth in sales value, which increased by 42% to $X in 2022. In general, consumption showed a resilient 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-Pacific

In value terms, nickel and lithium accumulators production amounted to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 67%. Over the period under review, production attained the maximum level 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-Pacific

For the sixth year in a row, Asia-Pacific recorded growth in overseas shipments of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators, which increased by 17% to X units in 2022. Overall, exports showed a resilient increase. The growth pace was the most rapid in 2021 with an increase of 37%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

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

Exports by Country

China represented the largest exporter of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators in Asia-Pacific, with the volume of exports accounting for X units, which was approx. 65% of total exports in 2022. It was distantly followed by Hong Kong SAR (X units), Singapore (X units), Malaysia (X units) and Vietnam (X units), together achieving a 29% share of total exports. 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-Pacific, with a CAGR of +42.4% from 2012-2022. Hong Kong SAR experienced a relatively flat trend pattern. From 2012 to 2022, the share of Malaysia, Vietnam, Thailand, China and Singapore increased by +4.6, +4.3, +2.3, +1.9 and +1.7 percentage points, respectively.

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

In China, nickel and lithium accumulators exports expanded at an average annual rate of +25.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (+9.7% per year) and Malaysia (+28.9% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, growing by 32% against the previous year. In general, the export price saw a resilient increase. As a result, the export price attained 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-Pacific

In 2022, overseas purchases of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators increased by 2.5% to X units, rising for the seventh consecutive year after three years of decline. Over the period under review, imports posted a remarkable increase. The growth pace was the most rapid in 2021 when imports increased by 30%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, nickel and lithium accumulators imports soared to $X in 2022. Overall, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 44% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Hong Kong SAR (X units) represented the key importer of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators, making up 32% of total imports. South Korea (X units) ranks second in terms of the total imports with a 15% share, followed by Vietnam (13%), China (10%) and Singapore (6.2%). Indonesia (X units), Japan (X units), Taiwan (Chinese) (X units), Malaysia (X units), India (X units) and Thailand (X units) took a minor share 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%), 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-Pacific, with a CAGR of +65.7% from 2012-2022. While the share of South Korea (+13 p.p.), Vietnam (+12 p.p.), Indonesia (+4.3 p.p.), China (+4.1 p.p.) and Japan (+3.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Hong Kong SAR (-38.1 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-Pacific were South Korea ($X), Hong Kong SAR ($X) and Vietnam ($X), with a combined 50% share of total imports.

Vietnam, with a CAGR of +30.1%, saw 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-Pacific amounted to $X per unit, with an increase of 16% against the previous year. Import price indicated a prominent expansion from 2012 to 2022: its price 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, nickel and lithium accumulators import price increased by +78.8% against 2013 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: 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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