India: 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 India

The Indian nickel and lithium accumulators market soared to $X in 2022, increasing by 26% 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). Over the period under review, consumption recorded buoyant growth. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in years to come.

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

Exports from India

Nickel and lithium accumulators exports from India soared to X units in 2022, increasing by 39% compared with 2021. In general, exports saw a resilient increase. The pace of growth appeared the most rapid in 2018 with an increase of 78% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, nickel and lithium accumulators exports surged to $X in 2022. Overall, exports continue to indicate a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units), Hong Kong SAR (X units) and China (X units) were the main destinations of nickel and lithium accumulators exports from India, with a combined 41% share of total exports. Nepal, the United States, Japan, the United Arab Emirates, Indonesia, Bangladesh, Oman, Tanzania, Switzerland and Thailand lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the biggest increases were recorded for Tanzania (with a CAGR of +98.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators exports from India, comprising 40% of total exports. The second position in the ranking was taken by Japan ($X), with an 11% share of total exports. It was followed by Indonesia, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +32.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+88.9% per year) and Indonesia (+37.5% per year).

Export Prices by Country

The average nickel and lithium accumulators export price stood at $X per unit in 2022, growing by 81% against the previous year. In general, the export price enjoyed a measured expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to China ($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 Japan (+17.2%), 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 India

In 2022, the amount of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators imported into India rose notably to X units, with an increase of 9.3% on the year before. In general, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by 461%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, nickel and lithium accumulators imports skyrocketed to $X in 2022. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2018 when imports increased by 95% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.

Imports by Country

Hong Kong SAR (X units), South Korea (X units) and China (X units) were the main suppliers of nickel and lithium accumulators imports to India, together comprising 82% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hong Kong SAR (with a CAGR of +61.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators to India, comprising 72% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 13% share of total imports. It was followed by South Korea, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +25.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+75.3% per year) and South Korea (+47.6% per year).

Import Prices by Country

In 2022, the average nickel and lithium accumulators import price amounted to $X per unit, with an increase of 41% against the previous year. In general, the import price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 93%. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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