Hungary: 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 Hungary

In 2022, the Hungarian nickel and lithium accumulators market increased by 75% to $X, rising for the seventh consecutive year after three years of decline. Overall, consumption posted significant growth. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

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

In value terms, nickel and lithium accumulators production shrank notably to $X in 2022 estimated in export price. Overall, production showed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 725%. Over the period under review, production hit record highs at $X in 2021, and then shrank markedly in the following year.

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

Exports from Hungary

In 2022, approx. X units of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators were exported from Hungary; picking up by 64% compared with 2021. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2015 with an increase of 265%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, nickel and lithium accumulators exports soared to $X in 2022. Over the period under review, exports saw a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 118%. Over the period under review, the exports reached 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 Hungary, with a 49% share of total exports. Moreover, nickel and lithium accumulators exports to Germany exceeded the volume sent to the second major destination, Slovakia (X units), fourfold. The third position in this ranking was held by the Czech Republic (X units), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to +37.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+73.8% per year) and the Czech Republic (+98.8% per year).

In value terms, Germany ($X) remains the key foreign market for nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators exports from Hungary, comprising 42% of total exports. The second position in the ranking was held by the Czech Republic ($X), with an 11% share of total exports. It was followed by Belgium, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +52.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+138.2% per year) and Belgium (+143.2% per year).

Export Prices by Country

The average nickel and lithium accumulators export price stood at $X per unit in 2022, increasing by 3.7% against the previous year. In general, the export price enjoyed a resilient expansion. The growth pace was the most rapid in 2016 an increase of 86%. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to Slovakia ($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 the Czech Republic (+19.8%), 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 Hungary

In 2022, the amount of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators imported into Hungary surged to X units, jumping by 51% on the year before. Over the period under review, imports showed buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, nickel and lithium accumulators imports surged to $X in 2022. In general, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, South Korea (X units) constituted the largest supplier of nickel and lithium accumulators to Hungary, accounting for a 46% share of total imports. Moreover, nickel and lithium accumulators imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Germany (X units) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea totaled +37.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+15.8% per year) and Germany (+19.1% per year).

In value terms, the largest nickel and lithium accumulators suppliers to Hungary were China ($X), South Korea ($X) and Poland ($X), together comprising 69% of total imports. Malaysia, Germany, the Czech Republic and Japan lagged somewhat behind, together accounting for a further 25%.

The Czech Republic, with a CAGR of +66.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average nickel and lithium accumulators import price amounted to $X per unit, jumping by 50% against the previous year. In general, the import price posted a remarkable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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