Brazil: Market for Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators 2024

Market Size for Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators in Brazil

In 2022, the Brazilian nickel and lithium accumulators market increased by 14% to $X, rising for the seventh year in a row after two years of decline. Over the period under review, consumption, however, showed a prominent expansion. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the near future.

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

Exports from Brazil

In 2022, approx. X units of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators were exported from Brazil; increasing by 34% compared with the previous year. Overall, exports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2020 when exports increased by 114%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, nickel and lithium accumulators exports soared to $X in 2022. In general, exports, however, showed a noticeable contraction. The pace of growth was the most pronounced in 2018 when exports increased by 90%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X units), the United States (X units) and Mozambique (X units) were the main destinations of nickel and lithium accumulators exports from Brazil, with a combined 59% share of total exports. Chile, Thailand, Mexico, Hong Kong SAR, China, Bolivia, Argentina, Romania, Colombia and South Korea lagged somewhat behind, together comprising a further 34%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +135.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators exports from Brazil, comprising 28% of total exports. The second position in the ranking was taken by Mexico ($X), with a 10% share of total exports. It was followed by Romania, with a 7.1% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled -6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+5.2% per year) and Romania (+158.5% per year).

Export Prices by Country

In 2022, the average nickel and lithium accumulators export price amounted to $X per unit, dropping by -4.8% against the previous year. In general, the export price, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 133%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Mozambique ($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 Mexico (+24.0%), 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 Brazil

In 2022, imports of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators into Brazil declined to X units, falling by -11.3% against the previous year's figure. In general, imports recorded a slight contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 12%. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, nickel and lithium accumulators imports skyrocketed to $X in 2022. Overall, imports, however, saw resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 28% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of nickel and lithium accumulators to Brazil, with a 85% share of total imports. Moreover, nickel and lithium accumulators imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), more than tenfold. The third position in this ranking was taken by South Korea (X units), with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+13.3% per year) and South Korea (-16.9% per year).

In value terms, China ($X) constituted the largest supplier of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators to Brazil, comprising 74% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 7.4% share of total imports. It was followed by Japan, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+26.8% per year) and Japan (+6.3% per year).

Import Prices by Country

In 2022, the average nickel and lithium accumulators import price amounted to $X per unit, rising by 35% against the previous year. In general, the import price continues to indicate prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Japan ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+28.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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