MENA: Lithium Battery Market 2024

Lithium Battery Market Size in MENA

The MENA's lithium battery market soared to $X in 2021, jumping by 17% against the previous year. The total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +57.9% against 2018 indices. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Lithium Battery Production in MENA

In value terms, lithium battery production rose remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 16%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Lithium Battery Exports

Exports in MENA

In 2021, overseas shipments of lithium cells ans batteries were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. In general, exports saw a significant expansion. The growth pace was the most rapid in 2015 with an increase of 252%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, lithium battery exports skyrocketed to $X in 2021. Overall, exports enjoyed significant growth. The pace of growth was the most pronounced in 2015 when exports increased by 546%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Israel (X tons) represented the main exporter of lithium cells ans batteries, creating 77% of total exports. It was distantly followed by Turkey (X tons) and the United Arab Emirates (X tons), together making up a 20% share of total exports. Tunisia (X tons) followed a long way behind the leaders.

Israel was also the fastest-growing in terms of the lithium cells ans batteries exports, with a CAGR of +44.5% from 2012 to 2021. At the same time, Turkey (+27.4%) and the United Arab Emirates (+17.2%) displayed positive paces of growth. By contrast, Tunisia (-8.4%) illustrated a downward trend over the same period. While the share of Israel (+52 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-11 p.p.) and Tunisia (-34.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) remains the largest lithium battery supplier in MENA, comprising 88% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 5.6% share of total exports. It was followed by Turkey, with a 3.1% share.

In Israel, lithium battery exports increased at an average annual rate of +40.9% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+13.7% per year) and Turkey (+26.8% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2021, increasing by 8.5% against the previous year. Over the last nine years, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2015 when the export price increased by 83%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Israel ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tunisia (+3.4%), while the other leaders experienced a decline in the export price figures.

Lithium Battery Imports

Imports in MENA

Lithium battery imports expanded significantly to X tons in 2021, growing by 7.1% against 2020 figures. Total imports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +7.1% 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 decreased by -2.0% against 2019 indices. The growth pace was the most rapid in 2019 when imports increased by 31%. As a result, imports reached the peak of X tons; afterwards, it flattened through to 2021.

In value terms, lithium battery imports soared to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +9.4% 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 +32.7% against 2018 indices. The growth pace was the most rapid in 2015 when imports increased by 38% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the four major importers of lithium cells ans batteries, namely the United Arab Emirates, Turkey, Saudi Arabia and Israel, represented more than two-thirds of total import. It was distantly followed by Tunisia (X tons), committing a 4.6% share of total imports. Qatar (X tons), Morocco (X tons), Oman (X tons), Iran (X tons), Iraq (X tons), Bahrain (X tons), Algeria (X tons) and Kuwait (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Morocco (with a CAGR of +35.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported lithium cells ans batteries in MENA, comprising 37% of total imports. The second position in the ranking was held by Turkey ($X), with a 15% share of total imports. It was followed by Israel, with a 14% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates totaled +15.7%. In the other countries, the average annual rates were as follows: Turkey (+6.3% per year) and Israel (+4.0% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2021, surging by 20% against the previous year. Import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 39% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Kuwait ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+17.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform