Middle East: Market for Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators 2024

Market Size for Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators in the Middle East

The Middle Eastern nickel and lithium accumulators market skyrocketed to $X in 2022, picking up by 16% against the previous year. Over the period under review, consumption enjoyed a resilient expansion. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Production of Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators in the Middle East

In value terms, nickel and lithium accumulators production expanded remarkably to $X in 2022 estimated in export price. Overall, production showed a prominent increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by 74% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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

Exports in the Middle East

In 2022, the amount of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators exported in the Middle East shrank to X units, waning by -9.9% on 2021. Over the period under review, exports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of 92% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, nickel and lithium accumulators exports expanded markedly to $X in 2022. In general, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 193%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates was the main exporter of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators in the Middle East, with the volume of exports amounting to X units, which was approx. 50% of total exports in 2022. Turkey (X units) took a 29% share (based on physical terms) of total exports, which put it in second place, followed by Israel (20%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Israel (with a CAGR of +38.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest nickel and lithium accumulators supplying countries in the Middle East were Turkey ($X), Israel ($X) and the United Arab Emirates ($X), with a combined 95% share of total exports.

Israel, with a CAGR of +22.3%, saw the highest growth rate of the value of exports, among the main exporting countries 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 the Middle East amounted to $X per unit, rising by 19% against the previous year. Overall, the export price, however, showed a mild downturn. The pace of growth appeared the most rapid in 2013 an increase of 170%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the export prices remained at a somewhat 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 the Middle East

Nickel and lithium accumulators imports surged to X units in 2022, with an increase of 48% against 2021. Over the period under review, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 53% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, nickel and lithium accumulators imports surged to $X in 2022. In general, imports enjoyed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Turkey (X units) was the key importer of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators, constituting 62% of total imports. The United Arab Emirates (X units) held the second position in the ranking, distantly followed by Israel (X units). All these countries together held approx. 33% share of total imports.

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%) and the United Arab Emirates (+1.5%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +52.7% from 2012-2022. Turkey (+16 p.p.) and Israel (+11 p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by -27.5% from 2012 to 2022, respectively.

In value terms, Turkey ($X) constitutes the largest market for imported nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators in the Middle East, comprising 50% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 20% share of total imports.

In Turkey, nickel and lithium accumulators imports increased at an average annual rate of +23.0% over the period from 2012-2022. 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

In 2022, the import price in the Middle East amounted to $X per unit, falling by -7.2% against the previous year. Import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.9% 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 -22.8% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the import price increased by 47% against the previous year. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per unit), while Turkey ($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

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