Ethiopia: 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 Ethiopia

In 2022, the Ethiopian nickel and lithium accumulators market increased by 31% to $X, rising for the second consecutive year after four years of decline. Overall, consumption posted strong growth. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

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

Exports from Ethiopia

In 2022, overseas shipments of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators increased by 286% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports saw resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by 1,812%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, nickel and lithium accumulators exports soared to $X in 2022. Overall, exports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 2,648%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

France (X units) was the main destination for nickel and lithium accumulators exports from Ethiopia, accounting for a 48% share of total exports. Moreover, nickel and lithium accumulators exports to France exceeded the volume sent to the second major destination, Malawi (X units), twofold. Angola (X units) ranked third in terms of total exports with a 3.9% share.

From 2012 to 2022, the average annual growth rate of volume to France amounted to +35.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malawi (+2.4% per year) and Angola (+49.8% per year).

In value terms, France ($X) emerged as the key foreign market for nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators exports from Ethiopia, comprising 41% of total exports. The second position in the ranking was held by Malawi ($X), with a 14% share of total exports. It was followed by Angola, with a 2.2% share.

From 2012 to 2022, the average annual growth rate of value to France amounted to +21.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malawi (-11.1% per year) and Angola (+25.1% per year).

Export Prices by Country

The average nickel and lithium accumulators export price stood at $X per unit in 2022, picking up by 36% against the previous year. Overall, the export price, however, saw a abrupt slump. The growth pace was the most rapid in 2018 an increase of 44%. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the United Arab Emirates ($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 China (+25.8%), while the prices for the other major destinations experienced a decline.

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

Imports into Ethiopia

In 2022, purchases abroad of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators increased by 33% to X units, rising for the second consecutive year after four years of decline. Over the period under review, imports recorded a strong increase. The most prominent rate of growth was recorded in 2013 with an increase of 175% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, nickel and lithium accumulators imports rose significantly to $X in 2022. Overall, imports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of 109% against the previous year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of nickel and lithium accumulators to Ethiopia, with a 88% 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. The third position in this ranking was held by Thailand (X units), with a 1.8% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +18.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+14.6% per year) and Thailand (+30.3% per year).

In value terms, China ($X) constituted the largest supplier of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators to Ethiopia, comprising 49% of total imports. The second position in the ranking was held by the United States ($X), with a 6.6% share of total imports. It was followed by Thailand, with a 1% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+18.4% per year) and Thailand (+30.3% per year).

Import Prices by Country

In 2022, the average nickel and lithium accumulators import price amounted to $X per unit, which is down by -16.6% against the previous year. Over the period under review, the import price recorded a abrupt decrease. The pace of growth was the most pronounced in 2018 an increase of 41% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Hong Kong SAR ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform