Kuwait: 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 Kuwait

The Kuwaiti nickel and lithium accumulators market surged to $X in 2022, with an increase of 94% 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). Overall, consumption posted a prominent increase. Nickel and lithium accumulators consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

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

Exports from Kuwait

In 2022, nickel and lithium accumulators exports from Kuwait declined sharply to X units, waning by -15% against the year before. In general, exports saw a noticeable contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 238% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, nickel and lithium accumulators exports skyrocketed to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 370% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for nickel and lithium accumulators exports from Kuwait, with a 62% share of total exports. It was followed by Canada (X units), with a 1% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to France totaled +142.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+11.7% per year) and the Netherlands (-31.8% per year).

In value terms, France ($X) remains the key foreign market for nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators exports from Kuwait, comprising 49% of total exports. The second position in the ranking was taken by Canada ($X), with a 0.2% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to France totaled +159.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+95.6% per year) and the Netherlands (-36.3% per year).

Export Prices by Country

The average nickel and lithium accumulators export price stood at $X per unit in 2022, picking up by 194% against the previous year. In general, the export price continues to indicate a temperate expansion. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the Netherlands ($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 Canada (+75.1%), 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 Kuwait

In 2022, imports of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators into Kuwait surged to X units, increasing by 81% against the year before. In general, imports enjoyed a significant increase. The growth pace was the most rapid in 2017 with an increase of 95% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, nickel and lithium accumulators imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 140% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest nickel and lithium accumulators supplier to Kuwait, with a 65% share of total imports. Moreover, nickel and lithium accumulators imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), more than tenfold. The third position in this ranking was taken by the United States (X units), with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +38.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+15.2% per year) and the United States (+14.2% per year).

In value terms, the largest nickel and lithium accumulators suppliers to Kuwait were China ($X), Sweden ($X) and the United States ($X), together comprising 55% of total imports.

In terms of the main suppliers, China, with a CAGR of +42.6%, recorded 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

In 2022, the average nickel and lithium accumulators import price amounted to $X per unit, picking up by 18% against the previous year. In general, the import price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 when the average import price increased by 66% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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 Sweden ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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