Indonesia: Market for Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators 2024

Market Size for Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators in Indonesia

In 2022, the Indonesian nickel and lithium accumulators market increased by 33% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +9.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +47.5% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, nickel and lithium accumulators production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 41% against the previous year. Nickel and lithium accumulators production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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

Exports from Indonesia

In 2022, overseas shipments of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators increased by 135% to X units, rising for the fifth year in a row after five years of decline. Overall, exports posted strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 299%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in years to come.

In value terms, nickel and lithium accumulators exports stood at $X in 2022. In general, exports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2018 with an increase of 76% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for nickel and lithium accumulators exports from Indonesia, with a 2.7% share of total exports. Moreover, nickel and lithium accumulators exports to Germany exceeded the volume sent to the second major destination, Hong Kong SAR (X units), twofold. The third position in this ranking was taken by the United States (X units), with a 0.7% share.

From 2012 to 2022, the average annual growth rate of volume to Germany totaled +17.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+53.2% per year) and the United States (+5.0% per year).

In value terms, the largest markets for nickel and lithium accumulators exported from Indonesia were Hong Kong SAR ($X), the Netherlands ($X) and China ($X), together comprising 29% of total exports.

Hong Kong SAR, with a CAGR of +50.2%, recorded the highest rates of growth with regard to 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

In 2022, the average nickel and lithium accumulators export price amounted to $X per unit, reducing by -54.1% against the previous year. Overall, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2014 an increase of 121%. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Romania ($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 China (+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 Indonesia

In 2022, the amount of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators imported into Indonesia soared to X units, growing by 174% against 2021 figures. Over the period under review, imports saw significant growth. As a result, imports reached 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 recorded a significant expansion. The growth pace was the most rapid in 2016 with an increase of 83% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest nickel and lithium accumulators supplier to Indonesia, with a 68% share of total imports. Moreover, nickel and lithium accumulators imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), sixfold. The third position in this ranking was taken by Hong Kong SAR (X units), with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +72.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+64.1% per year) and Hong Kong SAR (+88.1% per year).

In value terms, China ($X) constituted the largest supplier of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators to Indonesia, comprising 72% of total imports. The second position in the ranking was held by Singapore ($X), with a 13% share of total imports. It was followed by Hong Kong SAR, with a 3.3% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +43.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+20.9% per year) and Hong Kong SAR (+40.9% per year).

Import Prices by Country

The average nickel and lithium accumulators import price stood at $X per unit in 2022, dropping by -46% against the previous year. In general, the import price faced a sharp shrinkage. The pace of growth was the most pronounced in 2015 an increase of 39% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while the price for the United States ($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 (-17.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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