Australia: Lithium-Ion Accumulator Market 2024

Lithium-Ion Accumulator Market Size in Australia

The Australian lithium-ion accumulator market soared to $X in 2021, with an increase of 113% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed a significant expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Lithium-Ion Accumulator Exports

Exports from Australia

In 2021, approx. X units of lithium-ion accumulators were exported from Australia; picking up by 19% on the previous year's figure. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 385% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, lithium-ion accumulator exports surged to $X in 2021. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2016 when exports increased by 283%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

The United States (X units), New Zealand (X units) and the UK (X units) were the main destinations of lithium-ion accumulator exports from Australia, together comprising 74% of total exports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +87.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for lithium-ion accumulators exports from Australia, comprising 42% of total exports. The second position in the ranking was held by New Zealand ($X), with a 20% share of total exports. It was followed by the UK, with a 15% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +68.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+49.0% per year) and the UK (+71.4% per year).

Export Prices by Country

In 2021, the average lithium-ion accumulator export price amounted to $X per unit, growing by 8.9% against the previous year. Over the period under review, the export price, however, recorded a pronounced contraction. The pace of growth appeared the most rapid in 2015 an increase of 26% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Sweden ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+10.7%), while the prices for the other major destinations experienced mixed trend patterns.

Lithium-Ion Accumulator Imports

Imports into Australia

In 2021, the amount of lithium-ion accumulators imported into Australia skyrocketed to X units, picking up by 22% on the year before. Over the period under review, imports showed significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 44% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in the immediate term.

In value terms, lithium-ion accumulator imports surged to $X in 2021. In general, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of lithium-ion accumulator to Australia, accounting for a 71% share of total imports. Moreover, lithium-ion accumulator imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), more than tenfold. The third position in this ranking was taken by the United States (X units), with a 5% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +23.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+40.4% per year) and the United States (+25.9% per year).

In value terms, China ($X), the United States ($X) and South Korea ($X) constituted the largest lithium-ion accumulator suppliers to Australia, with a combined 85% share of total imports. Japan, Mexico, Malaysia, Switzerland, Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together comprising a further 10%.

Mexico, with a CAGR of +64.6%, saw the highest growth rate of the value of imports, among the main suppliers 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-ion accumulator import price amounted to $X per unit, rising by 75% against the previous year. Over the period under review, the import price enjoyed a notable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform