Malaysia: 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 Malaysia

In 2022, the Malaysian nickel and lithium accumulators market increased by 202% to $X, rising for the third year in a row after two years of decline. In general, consumption recorded strong growth. As a result, consumption attained 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 Malaysia

In value terms, nickel and lithium accumulators production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production saw a prominent expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by 117%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

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

Exports from Malaysia

Nickel and lithium accumulators exports from Malaysia surged to X units in 2022, jumping by 196% compared with 2021 figures. Over the period under review, exports showed a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 316%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, nickel and lithium accumulators exports surged to $X in 2022. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2018 when exports increased by 255%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

China (X units) was the main destination for nickel and lithium accumulators exports from Malaysia, with a 60% share of total exports. Moreover, nickel and lithium accumulators exports to China exceeded the volume sent to the second major destination, the United States (X units), fivefold. Germany (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled +34.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+35.2% per year) and Germany (+41.8% per year).

In value terms, China ($X) remains the key foreign market for nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators exports from Malaysia, comprising 41% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with an 18% share of total exports. It was followed by the United States, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled +38.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+42.8% per year) and the United States (+21.0% per year).

Export Prices by Country

In 2022, the average nickel and lithium accumulators export price amounted to $X per unit, falling by -14.3% against the previous year. Overall, the export price saw a perceptible setback. The pace of growth appeared the most rapid in 2015 when the average export price increased by 71%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Singapore ($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 South Korea (+7.0%), while the prices for the other major destinations experienced mixed trend patterns.

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

Imports into Malaysia

Nickel and lithium accumulators imports into Malaysia expanded remarkably to X units in 2022, growing by 11% on 2021. In general, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 276%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, nickel and lithium accumulators imports expanded markedly to $X in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 174% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of nickel and lithium accumulators to Malaysia, with a 58% share of total imports. Moreover, nickel and lithium accumulators imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), fourfold. Japan (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+25.8% per year) and Japan (+0.3% per year).

In value terms, China ($X) constituted the largest supplier of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators to Malaysia, comprising 45% of total imports. The second position in the ranking was taken by South Korea ($X), with a 13% share of total imports. It was followed by Japan, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-0.7% per year) and Japan (-9.5% per year).

Import Prices by Country

The average nickel and lithium accumulators import price stood at $X per unit in 2022, with a decrease of -2.2% against the previous year. Overall, the import price continues to indicate a deep setback. The pace of growth was the most pronounced in 2015 when the average import price increased by 47% against the previous year. As a result, import price reached the peak level of $X per unit. From 2016 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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