Hong Kong SAR, China: Lithium-Ion Accumulator Market 2024

Lithium-Ion Accumulator Market Size in Hong Kong SAR, China

The Hong Kong lithium-ion accumulator market soared to $X in 2021, increasing by 71% against the previous year. Overall, consumption saw prominent growth. Lithium-ion accumulator consumption peaked in 2021 and is expected to retain growth in years to come.

Lithium-Ion Accumulator Production in Hong Kong SAR, China

In value terms, lithium-ion accumulator production declined to $X in 2021 estimated in export price. Over the period under review, production, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 18%. Lithium-ion accumulator production peaked at $X in 2020, and then reduced in the following year.

Lithium-Ion Accumulator Exports

Exports from Hong Kong SAR, China

In 2021, shipments abroad of lithium-ion accumulators increased by 22% to X units, rising for the sixth year in a row after two years of decline. Over the period under review, exports saw a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by 22% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, lithium-ion accumulator exports soared to $X in 2021. In general, exports saw a resilient increase. The growth pace was the most rapid in 2017 with an increase of 44% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

Exports by Country

China (X units) was the main destination for lithium-ion accumulator exports from Hong Kong SAR, with a 52% share of total exports. Moreover, lithium-ion accumulator exports to China exceeded the volume sent to the second major destination, India (X units), threefold. South Korea (X units) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at +4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+26.0% per year) and South Korea (+45.7% per year).

In value terms, China ($X) remains the key foreign market for lithium-ion accumulators exports from Hong Kong SAR, comprising 28% of total exports. The second position in the ranking was taken by South Korea ($X), with a 13% share of total exports. It was followed by India, with a 12% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+63.0% per year) and India (+39.3% per year).

Export Prices by Country

The average lithium-ion accumulator export price stood at $X per unit in 2021, surging by 6.1% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 an increase of 21% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Lithium-Ion Accumulator Imports

Imports into Hong Kong SAR, China

In 2021, approx. X units of lithium-ion accumulators were imported into Hong Kong SAR; surging by 29% against the previous year. Over the period under review, total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +106.5% against 2012 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lithium-ion accumulator imports soared to $X in 2021. Overall, imports recorded a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of lithium-ion accumulator to Hong Kong SAR, with a 64% share of total imports. Moreover, lithium-ion accumulator imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), fourfold. The third position in this ranking was taken by South Korea (X units), with a 6.4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+74.8% per year) and South Korea (-3.4% per year).

In value terms, China ($X) constituted the largest supplier of lithium-ion accumulators to Hong Kong SAR, comprising 83% of total imports. The second position in the ranking was held by Malaysia ($X), with a 6.1% share of total imports. It was followed by South Korea, with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +19.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+73.7% per year) and South Korea (+1.0% per year).

Import Prices by Country

In 2021, the average lithium-ion accumulator import price amounted to $X per unit, surging by 12% against the previous year. Overall, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lithium-ion accumulator import price increased by +53.9% against 2013 indices. The most prominent rate of growth was recorded in 2018 an increase of 20% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform