Australia: Lithium Battery Market 2024

Lithium Battery Market Size in Australia

After three years of decline, the Australian lithium battery market increased by 0.5% to $X in 2021. In general, consumption recorded a pronounced reduction. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market failed to regain momentum.

Lithium Battery Exports

Exports from Australia

In 2021, shipments abroad of lithium cells ans batteries increased by 115% to X tons, rising for the second consecutive year after five years of decline. Over the period under review, exports enjoyed a measured expansion. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, lithium battery exports soared to $X in 2021. Overall, exports recorded a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons), the United States (X tons) and New Zealand (X tons) were the main destinations of lithium battery exports from Australia, with a combined 77% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of +71.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lithium battery exported from Australia were Canada ($X), the United States ($X) and New Zealand ($X), together accounting for 77% of total exports.

In terms of the main countries of destination, Canada, with a CAGR of +57.7%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average lithium battery export price amounted to $X per ton, surging by 2.5% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +8.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lithium battery export price increased by +51.6% against 2016 indices. The pace of growth appeared the most rapid in 2013 when the average export price increased by 93% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably for the major export markets. In 2021, the highest price was recorded for prices to Hong Kong SAR ($X per ton) and Papua New Guinea ($X per ton), while the average price for exports to Canada ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+26.2%), while the prices for the other major destinations experienced more modest paces of growth.

Lithium Battery Imports

Imports into Australia

In 2021, purchases abroad of lithium cells ans batteries decreased by -13.1% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, imports showed a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of 37% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, lithium battery imports soared to $X in 2021. Overall, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +76.3% against 2016 indices. The most prominent rate of growth was recorded in 2019 with an increase of 26%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), the United States (X tons) and Singapore (X tons) were the main suppliers of lithium battery imports to Australia, together accounting for 73% of total imports. Indonesia, Norway, France, the UK, Taiwan (Chinese), Japan, Germany and Malaysia lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of +46.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lithium battery suppliers to Australia were China ($X), the United States ($X) and Singapore ($X), with a combined 73% share of total imports. Indonesia, Norway, France, the UK, Taiwan (Chinese), Japan, Germany and Malaysia lagged somewhat behind, together accounting for a further 20%.

Among the main suppliers, Norway, with a CAGR of +33.6%, saw the highest rates of growth with regard to 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 2021, the average lithium battery import price amounted to $X per ton, increasing by 39% against the previous year. Over the period under review, the import price recorded a buoyant expansion. The pace of growth appeared the most rapid in 2020 when the average import price increased by 98%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Malaysia ($X per ton) and the UK ($X per ton), while the price for China ($X per ton) and the United States ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+29.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform