Luxembourg: Lithium Battery Market 2024

Lithium Battery Market Size in Luxembourg

The Luxembourg lithium battery market reduced rapidly to $X in 2021, which is down by -51.5% 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 a abrupt downturn. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Lithium Battery Exports

Exports from Luxembourg

In 2021, approx. X tons of lithium cells ans batteries were exported from Luxembourg; increasing by 11% on 2020. Overall, exports showed a resilient expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 21% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, lithium battery exports skyrocketed to $X in 2021. In general, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +105.5% against 2015 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X tons), France (X tons) and Italy (X tons) were the main destinations of lithium battery exports from Luxembourg, together comprising 65% of total exports. The UK, Belgium, Spain, Sweden, the Czech Republic, Switzerland, Poland, Austria and Finland lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2021, the biggest increases were recorded for Austria (with a CAGR of +22.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Italy ($X) were the largest markets for lithium battery exported from Luxembourg worldwide, together accounting for 62% of total exports. The UK, Switzerland, Spain, Belgium, Sweden, the Czech Republic, Poland, Austria and Finland lagged somewhat behind, together comprising a further 28%.

Among the main countries of destination, Austria, with a CAGR of +20.3%, saw 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

The average lithium battery export price stood at $X per ton in 2021, rising by 12% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Switzerland ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+8.5%), while the prices for the other major destinations experienced a decline.

Lithium Battery Imports

Imports into Luxembourg

Lithium battery imports into Luxembourg reduced to X tons in 2021, which is down by -15% compared with the previous year. In general, total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +61.9% against 2014 indices. The most prominent rate of growth was recorded in 2018 with an increase of 25%. Over the period under review, imports attained the peak figure at X tons in 2020, and then reduced in the following year.

In value terms, lithium battery imports contracted markedly to $X in 2021. Overall, total imports indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +41.1% against 2014 indices. The pace of growth appeared the most rapid in 2018 when imports increased by 32% against the previous year. Over the period under review, imports attained the peak figure at $X in 2020, and then dropped markedly in the following year.

Imports by Country

Belgium (X tons), Japan (X tons) and Germany (X tons) were the main suppliers of lithium battery imports to Luxembourg, with a combined 77% share of total imports. France, Italy, the Netherlands, China and the United States lagged somewhat behind, together comprising a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +127.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Belgium ($X) and Germany ($X) were the largest lithium battery suppliers to Luxembourg, together comprising 76% of total imports. France, Italy, the Netherlands, the United States and China lagged somewhat behind, together comprising a further 21%.

Italy, with a CAGR of +130.0%, recorded the highest growth rate of 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

The average lithium battery import price stood at $X per ton in 2021, approximately equating the previous year. Overall, the import price recorded a slight reduction. The most prominent rate of growth was recorded in 2018 an increase of 5.8% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 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 the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform