EU: Lithium-Ion Accumulator Market 2024

Lithium-Ion Accumulator Market Size in the EU

In 2021, the EU lithium-ion accumulator market decreased by -22.3% to $X, falling for the third year in a row after two years of growth. Overall, consumption, however, saw a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Lithium-Ion Accumulator Production in the EU

In value terms, lithium-ion accumulator production surged to $X in 2021 estimated in export price. Over the period under review, production saw a significant expansion. As a result, production reached the peak level and is likely to continue growth in the immediate term.

Lithium-Ion Accumulator Exports

Exports in the EU

In 2021, lithium-ion accumulator exports in the European Union skyrocketed to X units, surging by 132% on the year before. In general, exports showed a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 138%. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, lithium-ion accumulator exports surged to $X in 2021. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 95%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

Poland (X units) and Germany (X units) prevails in exports structure, together mixing up 74% of total exports. It was distantly followed by Hungary (X units), constituting an 8.4% share of total exports. The following exporters - the Netherlands (X units), the Czech Republic (X units), Spain (X units) and Austria (X units) - together made up 12% of total exports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +104.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest lithium-ion accumulator supplying countries in the European Union were Poland ($X), Germany ($X) and Hungary ($X), together comprising 81% of total exports. The Netherlands, the Czech Republic, Austria and Spain lagged somewhat behind, together comprising a further 12%.

Spain, with a CAGR of +76.1%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per unit, dropping by -29.9% against the previous year. In general, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 an increase of 10%. Over the period under review, the export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Hungary ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+16.2%), while the other leaders experienced more modest paces of growth.

Lithium-Ion Accumulator Imports

Imports in the EU

For the tenth consecutive year, the European Union recorded growth in purchases abroad of lithium-ion accumulators, which increased by 81% to X units in 2021. Over the period under review, imports saw a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, lithium-ion accumulator imports skyrocketed to $X in 2021. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 61%. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Imports by Country

In 2021, Germany (X units) represented the largest importer of lithium-ion accumulators, constituting 32% of total imports. The Czech Republic (X units) held a 10% share (based on physical terms) of total imports, which put it in second place, followed by Spain (9.8%), France (9.5%), Poland (9.1%), Italy (6.9%) and the Netherlands (5.2%).

From 2012 to 2021, average annual rates of growth with regard to lithium-ion accumulator imports into Germany stood at +57.5%. At the same time, the Czech Republic (+71.7%), Italy (+68.4%), France (+64.4%), Spain (+52.3%), Poland (+33.8%) and the Netherlands (+29.6%) displayed positive paces of growth. Moreover, the Czech Republic emerged as the fastest-growing importer imported in the European Union, with a CAGR of +71.7% from 2012-2021. While the share of Germany (+18 p.p.), the Czech Republic (+8.1 p.p.), France (+6.7 p.p.), Italy (+5.2 p.p.) and Spain (+4 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the Netherlands (-8 p.p.) and Poland (-8.2 p.p.) displayed negative dynamics.

In value terms, Germany ($X) constitutes the largest market for imported lithium-ion accumulators in the European Union, comprising 40% of total imports. The second position in the ranking was held by the Czech Republic ($X), with a 6.6% share of total imports. It was followed by the Netherlands, with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany amounted to +38.1%. The remaining importing countries recorded the following average annual rates of imports growth: the Czech Republic (+47.0% per year) and the Netherlands (+33.5% per year).

Import Prices by Country

The import price in the European Union stood at $X per unit in 2021, with a decrease of -14.8% against the previous year. In general, the import price saw a pronounced slump. The pace of growth was the most pronounced in 2019 when the import price increased by 8.4%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the Netherlands ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+5.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform