Egypt: Lithium-Ion Accumulator Market 2024

Lithium-Ion Accumulator Market Size in Egypt

The Egyptian lithium-ion accumulator market soared to $X in 2021, growing by 158% against the previous year. Over the period under review, consumption enjoyed a significant increase. Lithium-ion accumulator consumption peaked in 2021 and is expected to retain growth in the near future.

Lithium-Ion Accumulator Production in Egypt

In value terms, lithium-ion accumulator production surged to $X in 2021 estimated in export price. Overall, production continues to indicate a noticeable shrinkage. The growth pace was the most rapid in 2018 when the production volume increased by 25% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Lithium-Ion Accumulator Exports

Exports from Egypt

After two years of growth, overseas shipments of lithium-ion accumulators decreased by -16.6% to X units in 2021. In general, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2019 when exports increased by 1,417%. Over the period under review, the exports reached the peak figure at X units in 2020, and then declined rapidly in the following year.

In value terms, lithium-ion accumulator exports fell modestly to $X in 2021. Over the period under review, exports, however, saw a significant expansion. The growth pace was the most rapid in 2019 with an increase of 1,042% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then contracted slightly in the following year.

Exports by Country

The UK (X units) was the main destination for lithium-ion accumulator exports from Egypt, accounting for a 90% share of total exports. Moreover, lithium-ion accumulator exports to the UK exceeded the volume sent to the second major destination, Indonesia (X units), more than tenfold. The third position in this ranking was taken by Oman (X units), with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK amounted to +321.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (0.0% per year) and Oman (+61.2% per year).

In value terms, the UK ($X) emerged as the key foreign market for lithium-ion accumulators exports from Egypt, comprising 77% of total exports. The second position in the ranking was held by Oman ($X), with a 4.9% share of total exports. It was followed by Hungary, with a 0.2% share.

From 2012 to 2021, the average annual growth rate of value to the UK amounted to +107.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+20.3% per year) and Hungary (-71.1% per year).

Export Prices by Country

In 2021, the average lithium-ion accumulator export price amounted to $X per unit, growing by 15% against the previous year. Over the period under review, the export price, however, faced a deep contraction. The most prominent rate of growth was recorded in 2018 an increase of 239% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Oman ($X per unit), while the average price for exports to Indonesia (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+25.8%), while the prices for the other major destinations experienced a decline.

Lithium-Ion Accumulator Imports

Imports into Egypt

In 2021, lithium-ion accumulator imports into Egypt skyrocketed to X units, growing by 202% against 2020 figures. Over the period under review, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2019 with an increase of 713% against the previous year. As a result, imports reached the peak of X units; afterwards, it flattened through to 2021.

In value terms, lithium-ion accumulator imports soared to $X in 2021. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 326%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main supplier of lithium-ion accumulator to Egypt, accounting for a 91% share of total imports. It was followed by Hong Kong SAR (X units), with a 0.8% share of total imports.

From 2014 to 2021, the average annual rate of growth in terms of volume from China totaled +216.9%.

In value terms, China ($X) constituted the largest supplier of lithium-ion accumulators to Egypt, comprising 84% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 0.7% share of total imports.

From 2014 to 2021, the average annual rate of growth in terms of value from China totaled +137.1%.

Import Prices by Country

The average lithium-ion accumulator import price stood at $X per unit in 2021, waning by -18.6% against the previous year. In general, the import price saw a deep reduction. The most prominent rate of growth was recorded in 2016 an increase of 58%. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was China ($X per unit), while the price for Hong Kong SAR amounted to $X per unit.

From 2014 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+15.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform