Bangladesh: 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 Bangladesh

In 2022, after two years of growth, there was significant decline in the Bangladeshi nickel and lithium accumulators market, when its value decreased by -21.6% to $X. Overall, consumption, however, showed a significant increase. Over the period under review, the market attained the peak level at $X in 2021, and then reduced dramatically in the following year.

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

Exports from Bangladesh

Nickel and lithium accumulators exports from Bangladesh skyrocketed to X units in 2022, picking up by 353% on the year before. Overall, exports saw a prominent increase. The pace of growth appeared the most rapid in 2013 when exports increased by 4,370% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, nickel and lithium accumulators exports soared to $X in 2022. In general, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 6,678% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for nickel and lithium accumulators exports from Bangladesh, with a 56% share of total exports. Moreover, nickel and lithium accumulators exports to the United States exceeded the volume sent to the second major destination, Poland (X units), sixfold. India (X units) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +13.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+72.8% per year) and India (+71.3% per year).

In value terms, India ($X) remains the key foreign market for nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators exports from Bangladesh, comprising 55% of total exports. The second position in the ranking was taken by the United States ($X), with a 27% share of total exports. It was followed by Germany, with a 9% share.

From 2012 to 2022, the average annual growth rate of value to India totaled +82.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+13.3% per year) and Germany (+771.2% per year).

Export Prices by Country

The average nickel and lithium accumulators export price stood at $X per unit in 2022, with an increase of 32% against the previous year. In general, the export price saw a strong increase. The most prominent rate of growth was recorded in 2014 an increase of 64% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Maldives ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+32.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Bangladesh

In 2022, after two years of growth, there was significant decline in supplies from abroad of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators, when their volume decreased by -20.7% to X units. Over the period under review, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2014 when imports increased by 396%. Imports peaked at X units in 2021, and then declined dramatically in the following year.

In value terms, nickel and lithium accumulators imports dropped dramatically to $X in 2022. Overall, imports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2014 when imports increased by 255%. Imports peaked at $X in 2021, and then reduced markedly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of nickel and lithium accumulators to Bangladesh, with a 74% share of total imports. Moreover, nickel and lithium accumulators imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +37.1%.

In value terms, China ($X) constituted the largest supplier of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators to Bangladesh, comprising 70% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +35.1%.

Import Prices by Country

The average nickel and lithium accumulators import price stood at $X per unit in 2022, reducing by -1.9% against the previous year. Over the period under review, the import price continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2018 when the average import price increased by 48% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.4%).

Source: IndexBox Platform

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