Ecuador: 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 Ecuador

The Ecuadorian nickel and lithium accumulators market reached $X in 2022, picking up by 8.6% 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). Overall, consumption continues to indicate a strong increase. Over the period under review, the market reached the peak level in 2022 and is likely to see steady growth in years to come.

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

Exports from Ecuador

In 2022, the amount of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators exported from Ecuador fell remarkably to X units, reducing by -67.7% against 2021 figures. In general, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when exports increased by 366%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, nickel and lithium accumulators exports contracted rapidly to $X in 2022. Over the period under review, exports showed a pronounced descent. The most prominent rate of growth was recorded in 2016 with an increase of 286%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Chile (X units), Colombia (X units) and Mexico (X units) were the main destinations of nickel and lithium accumulators exports from Ecuador, together comprising 97% of total exports.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +79.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Chile ($X) and Mexico ($X) appeared to be the largest markets for nickel and lithium accumulators exported from Ecuador worldwide, together comprising 96% of total exports.

Among the main countries of destination, Chile, with a CAGR of +77.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average nickel and lithium accumulators export price amounted to $X per unit, rising by 41% against the previous year. Over the period under review, the export price, however, saw a perceptible decrease. The growth pace was the most rapid in 2020 an increase of 91%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 Colombia ($X per unit), while the average price for exports to Chile ($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 Germany (+42.0%), 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 Ecuador

In 2022, nickel and lithium accumulators imports into Ecuador expanded modestly to X units, increasing by 4.5% on the year before. In general, imports continue to indicate significant growth. The growth pace was the most rapid in 2017 when imports increased by 236%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, nickel and lithium accumulators imports surged to $X in 2022. Over the period under review, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of 116% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Japan (X units) constituted the largest nickel and lithium accumulators supplier to Ecuador, accounting for a 58% share of total imports. Moreover, nickel and lithium accumulators imports from Japan exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. South Korea (X units) ranked third in terms of total imports with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan totaled +116.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+1.2% per year) and South Korea (+62.3% per year).

In value terms, China ($X) constituted the largest supplier of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators to Ecuador, comprising 50% of total imports. The second position in the ranking was held by Japan ($X), with a 15% share of total imports. It was followed by the United States, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +23.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+74.3% per year) and the United States (-2.4% per year).

Import Prices by Country

In 2022, the average nickel and lithium accumulators import price amounted to $X per unit, picking up by 14% against the previous year. Over the period under review, the import price, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2013 when the average import price increased by 50%. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Japan ($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 (-3.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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