Chile: 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 Chile

The Chilean nickel and lithium accumulators market skyrocketed to $X in 2022, picking up by 37% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed resilient growth. Nickel and lithium accumulators consumption peaked in 2022 and is likely to continue growth in the near future.

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

Exports from Chile

In 2022, approx. X units of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators were exported from Chile; picking up by 32% compared with 2021. Overall, exports, however, showed a perceptible setback. The growth pace was the most rapid in 2014 with an increase of 127%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, nickel and lithium accumulators exports skyrocketed to $X in 2022. Over the period under review, exports posted a buoyant increase. The pace of growth was the most pronounced in 2014 when exports increased by 148% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Peru (X units), Argentina (X units) and Bolivia (X units) were the main destinations of nickel and lithium accumulators exports from Chile, with a combined 72% share of total exports. The United States, Brazil, Germany and Uruguay lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +36.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nickel and lithium accumulators exported from Chile were Brazil ($X), the United States ($X) and Argentina ($X), together comprising 62% of total exports.

In terms of the main countries of destination, Brazil, with a CAGR of +49.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average nickel and lithium accumulators export price stood at $X per unit in 2022, surging by 8.5% against the previous year. In general, the export price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 an increase of 121% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to Peru ($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 Brazil (+17.7%), 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 Chile

In 2022, overseas purchases of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators were finally on the rise to reach X units after two years of decline. In general, imports posted buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of 111% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, nickel and lithium accumulators imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 83%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest nickel and lithium accumulators supplier to Chile, accounting for a 85% share of total imports. Moreover, nickel and lithium accumulators imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. Singapore (X units) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.7% per year) and Singapore (+31.2% per year).

In value terms, China ($X) constituted the largest supplier of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators to Chile, comprising 73% of total imports. The second position in the ranking was held by the United States ($X), with a 3.1% share of total imports. It was followed by Germany, with a 1.4% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +26.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.4% per year) and Germany (+13.3% per year).

Import Prices by Country

The average nickel and lithium accumulators import price stood at $X per unit in 2022, increasing by 35% against the previous year. Overall, the import price recorded prominent growth. The most prominent rate of growth was recorded in 2021 an increase of 107%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual 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 Germany ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+22.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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