Canada: 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 Canada

The Canadian nickel and lithium accumulators market expanded significantly to $X in 2022, growing by 9.1% against the previous year. Over the period under review, consumption enjoyed a buoyant expansion. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the near future.

Production of Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators in Canada

In value terms, nickel and lithium accumulators production rose significantly to $X in 2022 estimated in export price. Overall, production continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 47%. Nickel and lithium accumulators production peaked at $X in 2020; afterwards, it flattened through to 2022.

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

Exports from Canada

In 2022, nickel and lithium accumulators exports from Canada shrank to X units, falling by -9% against the previous year's figure. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 37% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, nickel and lithium accumulators exports totaled $X in 2022. Over the period under review, exports, however, saw resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 131% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

The United States (X units) was the main destination for nickel and lithium accumulators exports from Canada, accounting for a 87% share of total exports. Moreover, nickel and lithium accumulators exports to the United States exceeded the volume sent to the second major destination, France (X units), tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to -5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+5.3% per year) and the UK (-13.9% per year).

In value terms, the United States ($X) remains the key foreign market for nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators exports from Canada, comprising 69% of total exports. The second position in the ranking was taken by France ($X), with a 25% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+21.5% per year) and the UK (-3.2% per year).

Export Prices by Country

In 2022, the average nickel and lithium accumulators export price amounted to $X per unit, increasing by 24% against the previous year. Overall, the export price continues to indicate buoyant growth. The growth pace was the most rapid in 2017 an increase of 102%. The export price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the UK ($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 the United States (+19.5%), 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 Canada

In 2022, supplies from abroad of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators increased by 27% to X units, rising for the second year in a row after three years of decline. In general, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +31.7% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of 45%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, nickel and lithium accumulators imports skyrocketed to $X in 2022. Over the period under review, imports saw a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of nickel and lithium accumulators to Canada, with a 49% share of total imports. Moreover, nickel and lithium accumulators imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. The third position in this ranking was held by the United States (X units), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+7.6% per year) and the United States (-0.5% per year).

In value terms, the largest nickel and lithium accumulators suppliers to Canada were the United States ($X), China ($X) and Japan ($X), with a combined 74% share of total imports. South Korea, Taiwan (Chinese), Malaysia and Vietnam lagged somewhat behind, together comprising a further 14%.

South Korea, with a CAGR of +46.3%, recorded 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

The average nickel and lithium accumulators import price stood at $X per unit in 2022, rising by 12% against the previous year. Over the period under review, the import price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2018 when the average import price increased by 52% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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