Pakistan: 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 Pakistan

For the fifth year in a row, the Pakistani nickel and lithium accumulators market recorded growth in sales value, which increased by 9.5% to $X in 2022. In general, consumption saw significant growth. Nickel and lithium accumulators consumption peaked in 2022 and is likely to see steady growth in the near future.

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

Exports from Pakistan

In 2022, the amount of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators exported from Pakistan rose slightly to X units, picking up by 2.9% against 2021 figures. In general, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 11,503%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, nickel and lithium accumulators exports totaled $X in 2022. Overall, exports, however, saw a mild downturn. The pace of growth was the most pronounced in 2021 with an increase of 18,943% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X units) was the main destination for nickel and lithium accumulators exports from Pakistan, with a 52% share of total exports. Moreover, nickel and lithium accumulators exports to Hong Kong SAR exceeded the volume sent to the second major destination, Austria (X units), threefold. The third position in this ranking was taken by Singapore (X units), with an 11% share.

From 2013 to 2022, the average annual growth rate of volume to Hong Kong SAR stood at +53.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+307.8% per year) and Singapore (+6.2% per year).

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators exports from Pakistan, comprising 53% of total exports. The second position in the ranking was taken by Singapore ($X), with a 22% share of total exports. It was followed by Austria, with a 13% share.

From 2013 to 2022, the average annual growth rate of value to Hong Kong SAR stood at +56.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+2.4% per year) and Austria (+390.1% per year).

Export Prices by Country

In 2022, the average nickel and lithium accumulators export price amounted to $X per unit, remaining constant against the previous year. Over the period under review, the export price, however, saw a deep slump. The growth pace was the most rapid in 2017 an increase of 98%. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Afghanistan (+52.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Pakistan

For the fifth consecutive year, Pakistan recorded growth in overseas purchases of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators, which increased by 6.1% to X units in 2022. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 167%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, nickel and lithium accumulators imports expanded rapidly to $X in 2022. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 123%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) was the main supplier of nickel and lithium accumulators to Pakistan, accounting for a 96% share of total imports. It was followed by Singapore (X units), with a 1.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +49.5%.

In value terms, China ($X) constituted the largest supplier of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators to Pakistan, comprising 96% of total imports. The second position in the ranking was held by Singapore ($X), with a 0.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +48.2%.

Import Prices by Country

The average nickel and lithium accumulators import price stood at $X per unit in 2022, growing by 4% against the previous year. Overall, the import price, however, recorded a pronounced curtailment. The growth pace was the most rapid in 2015 when the average import price increased by 15%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Singapore totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-0.9%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :