MENA: 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 MENA

The MENA's nickel and lithium accumulators market rose rapidly to $X in 2022, growing by 13% against the previous year. Overall, consumption recorded a strong expansion. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators in MENA

In value terms, nickel and lithium accumulators production expanded markedly to $X in 2022 estimated in export price. Over the period under review, production posted a buoyant expansion. The growth pace was the most rapid in 2016 with an increase of 48% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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

Exports in MENA

In 2022, shipments abroad of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators decreased by -10.7% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 89% against the previous year. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, nickel and lithium accumulators exports rose modestly to $X in 2022. In general, exports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2013 with an increase of 133%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates represented the largest exporting country with an export of around X units, which accounted for 49% of total exports. Turkey (X units) ranks second in terms of the total exports with a 29% share, followed by Israel (20%).

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +38.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), Israel ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 88% of total exports.

In terms of the main exporting countries, Israel, with a CAGR of +22.3%, 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

In 2022, the export price in MENA amounted to $X per unit, surging by 18% against the previous year. Overall, the export price, however, showed a noticeable curtailment. The pace of growth was the most pronounced in 2013 when the export price increased by 120% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (-4.6%), while the other leaders experienced a decline in the export price figures.

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

Imports in MENA

In 2022, approx. X units of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators were imported in MENA; with an increase of 46% on the previous year's figure. In general, imports showed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, nickel and lithium accumulators imports surged to $X in 2022. Overall, imports recorded a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 29%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.

Imports by Country

Turkey was the largest importer of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators in MENA, with the volume of imports recording X units, which was approx. 58% of total imports in 2022. The United Arab Emirates (X units) held a 20% share (based on physical terms) of total imports, which put it in second place, followed by Israel (11%). Egypt (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to nickel and lithium accumulators imports into Turkey stood at +13.6%. At the same time, Israel (+52.7%), Egypt (+29.0%) and the United Arab Emirates (+1.5%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in MENA, with a CAGR of +52.7% from 2012-2022. From 2012 to 2022, the share of Turkey, Israel and Egypt increased by +16, +11 and +3.5 percentage points, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators in MENA, comprising 47% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 19% share of total imports. It was followed by Israel, with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at +23.0%. The remaining importing countries recorded the following average annual rates of imports growth: the United Arab Emirates (+8.5% per year) and Israel (+21.1% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, dropping by -11.5% against the previous year. Import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nickel and lithium accumulators import price decreased by -20.3% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by 42% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per unit), while Egypt ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+8.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform