Italy: Lithium-Ion Accumulator Market 2024

Lithium-Ion Accumulator Market Size in Italy

For the tenth consecutive year, the Italian lithium-ion accumulator market recorded growth in sales value, which increased by 159% to $X in 2021. In general, consumption showed significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Lithium-Ion Accumulator Production in Italy

In value terms, lithium-ion accumulator production fell dramatically to $X in 2021 estimated in export price. Over the period under review, production faced a precipitous decline. The pace of growth appeared the most rapid in 2020 with an increase of 5.4%. As a result, production attained the peak level of $X, and then fell remarkably in the following year.

Lithium-Ion Accumulator Exports

Exports from Italy

In 2021, approx. X units of lithium-ion accumulators were exported from Italy; increasing by 47% on 2020. Over the period under review, exports saw significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 271%. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, lithium-ion accumulator exports rose notably to $X in 2021. In general, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2014 with an increase of 131% against the previous year. The exports peaked in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Hungary (X units) was the main destination for lithium-ion accumulator exports from Italy, with a 40% share of total exports. Moreover, lithium-ion accumulator exports to Hungary exceeded the volume sent to the second major destination, Poland (X units), threefold. France (X units) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume to Hungary stood at +128.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+130.4% per year) and France (+72.9% per year).

In value terms, Poland ($X), Hungary ($X) and France ($X) appeared to be the largest markets for lithium-ion accumulator exported from Italy worldwide, together accounting for 53% of total exports.

Among the main countries of destination, Poland, with a CAGR of +130.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average lithium-ion accumulator export price amounted to $X per unit, shrinking by -22.4% against the previous year. Overall, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 an increase of 27% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Poland ($X per unit), while the average price for exports to Hungary ($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 Croatia (+4.8%), while the prices for the other major destinations experienced a decline.

Lithium-Ion Accumulator Imports

Imports into Italy

For the fifth year in a row, Italy recorded growth in overseas purchases of lithium-ion accumulators, which increased by 270% to X units in 2021. 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, lithium-ion accumulator imports skyrocketed to $X in 2021. Overall, imports recorded a significant increase. 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 Italy, accounting for a 54% share of total imports. Moreover, lithium-ion accumulator imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), fourfold. The third position in this ranking was taken by Hungary (X units), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +72.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+144.6% per year) and Hungary (+123.5% per year).

In value terms, the largest lithium-ion accumulator suppliers to Italy were Hungary ($X), China ($X) and Germany ($X), with a combined 70% share of total imports.

In terms of the main suppliers, Hungary, with a CAGR of +118.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average lithium-ion accumulator import price stood at $X per unit in 2021, declining by -33.1% against the previous year. In general, the import price recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2018 when the average import price increased by 35% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was South Korea ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (-2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform