Central Asia: 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 Central Asia

The Central Asian nickel and lithium accumulators market surged to $X in 2022, jumping by 15% against the previous year. The total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +76.2% against 2017 indices. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

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

In value terms, nickel and lithium accumulators production stood at $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 75% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

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

Exports in Central Asia

For the third year in a row, Central Asia recorded growth in overseas shipments of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators, which increased by 195% to X units in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 264% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, nickel and lithium accumulators exports surged to $X in 2022. Overall, exports showed a significant expansion. The growth pace was the most rapid in 2016 when exports increased by 355%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

Exports by Country

Kazakhstan (X units) represented roughly 99% of total exports in 2022.

Kazakhstan was also the fastest-growing in terms of the nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators exports, with a CAGR of +45.4% from 2012 to 2022. From 2012 to 2022, the share of Kazakhstan increased by +18 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest nickel and lithium accumulators supplier in Central Asia.

In Kazakhstan, nickel and lithium accumulators exports expanded at an average annual rate of +32.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Central Asia amounted to $X per unit, with an increase of 5.8% against the previous year. Over the period under review, the export price, however, recorded a drastic downturn. The pace of growth was the most pronounced in 2015 an increase of 40% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to -9.1% per year.

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

Imports in Central Asia

After two years of decline, purchases abroad of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators increased by 85% to X units in 2022. Overall, imports recorded a resilient expansion. The pace of growth was the most pronounced in 2017 when imports increased by 250% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

In value terms, nickel and lithium accumulators imports skyrocketed to $X in 2022. In general, imports showed a resilient increase. The most prominent rate of growth was recorded in 2018 when imports increased by 50% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Kyrgyzstan was the main importer of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators in Central Asia, with the volume of imports amounting to X units, which was approx. 55% of total imports in 2022. Uzbekistan (X units) ranks second in terms of the total imports with a 22% share, followed by Kazakhstan (21%).

Kyrgyzstan was also the fastest-growing in terms of the nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators imports, with a CAGR of +79.5% from 2012 to 2022. Kazakhstan (-2.8%) and Uzbekistan (-9.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kyrgyzstan and Uzbekistan increased by +55 and +22 percentage points, respectively.

In value terms, Kazakhstan ($X) constitutes the largest market for imported nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators in Central Asia, comprising 58% of total imports. The second position in the ranking was held by Kyrgyzstan ($X), with a 26% share of total imports.

From 2012 to 2022, the average annual growth rate of value in Kazakhstan totaled +3.8%. In the other countries, the average annual rates were as follows: Kyrgyzstan (+41.7% per year) and Uzbekistan (+12.7% per year).

Import Prices by Country

The import price in Central Asia stood at $X per unit in 2022, dropping by -25% against the previous year. Overall, the import price recorded a deep downturn. The pace of growth was the most pronounced in 2020 when the import price increased by 39%. Over the period under review, import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kazakhstan ($X per unit), while Uzbekistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Uzbekistan (+24.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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