Finland: 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 Finland

For the fourth year in a row, the Finnish nickel and lithium accumulators market recorded growth in sales value, which increased by 90% to $X in 2022. In general, consumption posted a significant increase. Nickel and lithium accumulators consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators in Finland

In value terms, nickel and lithium accumulators production soared to $X in 2022 estimated in export price. Over the period under review, production saw a significant increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 702% against the previous year. Over the period under review, production hit record highs in 2022 and is likely to continue growth in years to come.

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

Exports from Finland

For the sixth consecutive year, Finland recorded growth in shipments abroad of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators, which increased by 26% to X units in 2022. In general, exports recorded strong growth. The pace of growth appeared the most rapid in 2020 when exports increased by 441%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, nickel and lithium accumulators exports soared to $X in 2022. Overall, exports recorded a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 2,532% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for nickel and lithium accumulators exports from Finland, accounting for a 48% share of total exports. Moreover, nickel and lithium accumulators exports to Germany exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was held by Sweden (X units), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +33.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+7.2% per year) and Sweden (+38.3% per year).

In value terms, Germany ($X) remains the key foreign market for nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators exports from Finland, comprising 91% of total exports. The second position in the ranking was taken by the United States ($X), with a 3.3% share of total exports. It was followed by Sweden, with a 1.6% share.

From 2012 to 2022, the average annual growth rate of value to Germany totaled +61.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+13.4% per year) and Sweden (+35.9% per year).

Export Prices by Country

In 2022, the average nickel and lithium accumulators export price amounted to $X per unit, growing by 11% against the previous year. Overall, the export price saw a buoyant expansion. The most prominent rate of growth was recorded in 2020 an increase of 387% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Russia ($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 (+20.6%), 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 Finland

For the third consecutive year, Finland recorded growth in purchases abroad of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators, which increased by 120% to X units in 2022. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 128%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, nickel and lithium accumulators imports surged to $X in 2022. Over the period under review, imports posted significant growth. The growth pace was the most rapid in 2020 when imports increased by 194%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

South Korea (X units), China (X units) and Hungary (X units) were the main suppliers of nickel and lithium accumulators imports to Finland, together comprising 95% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +77.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Germany ($X) appeared to be the largest nickel and lithium accumulators suppliers to Finland, with a combined 90% share of total imports. Hungary and Japan lagged somewhat behind, together accounting for a further 5.9%.

Hungary, with a CAGR of +97.9%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average nickel and lithium accumulators import price stood at $X per unit in 2022, declining by -21.2% against the previous year. Over the period under review, the import price, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2017 an increase of 72% against the previous year. The import price peaked at $X per unit in 2021, and then declined remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for South Korea ($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 (+57.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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