GCC: Lithium-Ion Accumulator Market 2025

Lithium-Ion Accumulator Market Size in GCC

The GCC lithium-ion accumulator market soared to $X in 2021, rising by 19% against the previous year. Overall, consumption showed a remarkable increase. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Lithium-Ion Accumulator Production in GCC

In value terms, lithium-ion accumulator production expanded remarkably to $X in 2021 estimated in export price. In general, production showed a pronounced curtailment. Over the period under review, production attained the maximum level at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Lithium-Ion Accumulator Exports

Exports in GCC

In 2021, overseas shipments of lithium-ion accumulators were finally on the rise to reach X units after three years of decline. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 275%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, lithium-ion accumulator exports surged to $X in 2021. Overall, exports posted significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 170% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The United Arab Emirates was the key exporting country with an export of around X units, which recorded 67% of total exports. It was distantly followed by Saudi Arabia (X units), constituting a 32% share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of +30.9% from 2012 to 2021. At the same time, Saudi Arabia (+65.9%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in GCC, with a CAGR of +65.9% from 2012-2021. While the share of Saudi Arabia (+27 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-27.1 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) and Saudi Arabia ($X) constituted the countries with the highest levels of exports in 2021.

Saudi Arabia, with a CAGR of +35.1%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in GCC stood at $X per unit in 2021, falling by -18.1% against the previous year. Overall, the export price recorded a deep setback. The most prominent rate of growth was recorded in 2020 an increase of 37% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Saudi Arabia ($X per unit), while the United Arab Emirates amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-4.5%).

Lithium-Ion Accumulator Imports

Imports in GCC

In 2021, approx. X units of lithium-ion accumulators were imported in GCC; picking up by 4.4% on the previous year's figure. Over the period under review, imports saw strong growth. The pace of growth appeared the most rapid in 2018 with an increase of 123% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, lithium-ion accumulator imports skyrocketed to $X in 2021. Overall, imports continue to indicate a strong increase. The pace of growth was the most pronounced in 2015 with an increase of 62% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in years to come.

Imports by Country

The United Arab Emirates prevails in imports structure, accounting for X units, which was near 93% of total imports in 2021. Kuwait (X units) and Oman (X units) followed a long way behind the leaders.

Imports into the United Arab Emirates increased at an average annual rate of +7.7% from 2012 to 2021. At the same time, Kuwait (+89.8%) and Oman (+44.1%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of +89.8% from 2012-2021. While the share of Kuwait (+2.7 p.p.) and Oman (+2.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the United Arab Emirates (-6 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported lithium-ion accumulators in GCC, comprising 67% of total imports. The second position in the ranking was held by Kuwait ($X), with a 6.7% share of total imports.

In the United Arab Emirates, lithium-ion accumulator imports increased at an average annual rate of +11.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Kuwait (+61.6% per year) and Oman (+42.6% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2021, rising by 26% against the previous year. Overall, the import price saw resilient growth. The pace of growth appeared the most rapid in 2013 when the import price increased by 44%. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform