Greece: Lithium Battery Market 2024

Lithium Battery Market Size in Greece

The Greek lithium battery market expanded notably to $X in 2021, surging by 14% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a resilient increase. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Lithium Battery Exports

Exports from Greece

For the fifth consecutive year, Greece recorded growth in shipments abroad of lithium cells ans batteries, which increased by 47% to X tons in 2021. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 261%. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

In value terms, lithium battery exports reduced to $X in 2021. Over the period under review, exports showed a strong expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 494% against the previous year. The exports peaked at $X in 2020, and then fell in the following year.

Exports by Country

Italy (X tons) was the main destination for lithium battery exports from Greece, with a 42% share of total exports. Moreover, lithium battery exports to Italy exceeded the volume sent to the second major destination, Spain (X tons), twofold. Bulgaria (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to Italy stood at +128.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+49.1% per year) and Bulgaria (+60.3% per year).

In value terms, Italy ($X), Germany ($X) and Spain ($X) constituted the largest markets for lithium battery exported from Greece worldwide, with a combined 70% share of total exports. These countries were followed by Romania, the Netherlands, Poland, Bulgaria and Finland, which together accounted for a further 17%.

Romania, with a CAGR of +170.5%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lithium battery export price stood at $X per ton in 2021, falling by -39.5% against the previous year. Over the period under review, the export price continues to indicate a deep downturn. The pace of growth was the most pronounced in 2016 an increase of 198%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per ton), while the average price for exports to Bulgaria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+17.4%), while the prices for the other major destinations experienced mixed trend patterns.

Lithium Battery Imports

Imports into Greece

Lithium battery imports into Greece surged to X tons in 2021, increasing by 21% on 2020 figures. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2018 when imports increased by 268%. As a result, imports reached the peak of X tons. From 2019 to 2021, the growth of imports failed to regain momentum.

In value terms, lithium battery imports surged to $X in 2021. Over the period under review, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of 127%. Imports peaked in 2021 and are likely to continue growth in the near future.

Imports by Country

China (X tons), Germany (X tons) and Poland (X tons) were the main suppliers of lithium battery imports to Greece, together accounting for 82% of total imports. These countries were followed by Hong Kong SAR, Sweden, the Netherlands, Italy and the UK, which together accounted for a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +71.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of lithium cells ans batteries to Greece, comprising 41% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by Poland, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to +34.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+17.5% per year) and Poland (+73.1% per year).

Import Prices by Country

In 2021, the average lithium battery import price amounted to $X per ton, with an increase of 24% against the previous year. Overall, the import price, however, recorded a abrupt setback. The most prominent rate of growth was recorded in 2019 when the average import price increased by 50%. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform