Belgium: 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 Belgium

For the seventh year in a row, the Belgian nickel and lithium accumulators market recorded growth in sales value, which increased by 228% to $X in 2022. In general, consumption showed a significant 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 Belgium

In value terms, nickel and lithium accumulators production reached $X in 2022 estimated in export price. In general, production enjoyed a significant increase. The pace of growth was the most pronounced in 2016 when the production volume increased by 3,440%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Exports from Belgium

In 2022, after two years of growth, there was significant decline in shipments abroad of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators, when their volume decreased by -15.6% to X units. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when exports increased by 131%. The exports peaked at X units in 2021, and then dropped sharply in the following year.

In value terms, nickel and lithium accumulators exports skyrocketed to $X in 2022. Overall, exports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2020 when exports increased by 120%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X units), Mexico (X units) and the Netherlands (X units) were the main destinations of nickel and lithium accumulators exports from Belgium, with a combined 56% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +158.9%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) emerged as the key foreign market for nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators exports from Belgium, comprising 60% of total exports. The second position in the ranking was taken by the Netherlands ($X), with an 8.5% share of total exports. It was followed by Germany, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mexico totaled +138.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+2.4% per year) and Germany (+2.7% 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 119% against the previous year. In general, the export price saw resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Italy ($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 Turkey (+16.6%), 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 Belgium

In 2022, approx. X units of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators were imported into Belgium; with an increase of 77% on the year before. Overall, imports recorded prominent growth. The pace of growth appeared the most rapid in 2019 when imports increased by 84%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, nickel and lithium accumulators imports skyrocketed to $X in 2022. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2019 when imports increased by 194% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

China (X units), Poland (X units) and Hungary (X units) were the main suppliers of nickel and lithium accumulators imports to Belgium, with a combined 81% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +78.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest nickel and lithium accumulators suppliers to Belgium were Hungary ($X), Poland ($X) and China ($X), together comprising 87% of total imports.

In terms of the main suppliers, Hungary, with a CAGR of +134.6%, recorded 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

The average nickel and lithium accumulators import price stood at $X per unit in 2022, rising by 8% against the previous year. In general, the import price continues to indicate a significant expansion. The pace of growth was the most pronounced in 2019 when the average import price increased by 60% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per unit), while the price for the Netherlands ($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 (+39.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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