Portugal: Lithium-Ion Accumulator Market 2024

Lithium-Ion Accumulator Market Size in Portugal

In 2021, the Portuguese lithium-ion accumulator market increased by 60% to $X, rising for the sixth year in a row after two years of decline. Overall, consumption enjoyed a significant increase. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the near future.

Lithium-Ion Accumulator Exports

Exports from Portugal

For the fifth year in a row, Portugal recorded growth in overseas shipments of lithium-ion accumulators, which increased by 91% to X units in 2021. In general, exports showed a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by 213%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, lithium-ion accumulator exports surged to $X in 2021. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2014 when exports increased by 143% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in the near future.

Exports by Country

Spain (X units) was the main destination for lithium-ion accumulator exports from Portugal, with a 57% share of total exports. Moreover, lithium-ion accumulator exports to Spain exceeded the volume sent to the second major destination, France (X units), threefold. The third position in this ranking was held by the United States (X units), with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume to Spain totaled +133.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+181.6% per year) and the United States (+218.2% per year).

In value terms, Spain ($X) remains the key foreign market for lithium-ion accumulators exports from Portugal, comprising 48% of total exports. The second position in the ranking was held by France ($X), with a 23% share of total exports. It was followed by Germany, with an 8.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Spain stood at +70.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+115.8% per year) and Germany (+57.1% per year).

Export Prices by Country

In 2021, the average lithium-ion accumulator export price amounted to $X per unit, declining by -28.7% against the previous year. Over the period under review, the export price recorded a dramatic decline. The pace of growth appeared the most rapid in 2016 when the average export price increased by 42% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chad (+72,817.6%), while the prices for the other major destinations experienced more modest paces of growth.

Lithium-Ion Accumulator Imports

Imports into Portugal

For the tenth year in a row, Portugal recorded growth in overseas purchases of lithium-ion accumulators, which increased by 84% to X units in 2021. Over the period under review, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 119%. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, lithium-ion accumulator imports soared to $X in 2021. Overall, imports recorded significant growth. The growth pace was the most rapid in 2018 when imports increased by 132% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest lithium-ion accumulator supplier to Portugal, with a 47% share of total imports. Moreover, lithium-ion accumulator imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was held by Spain (X units), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +68.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+78.3% per year) and Spain (+62.3% per year).

In value terms, China ($X) constituted the largest supplier of lithium-ion accumulators to Portugal, comprising 49% of total imports. The second position in the ranking was held by Germany ($X), with an 11% share of total imports. It was followed by Spain, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +65.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+44.8% per year) and Spain (+32.2% per year).

Import Prices by Country

The average lithium-ion accumulator import price stood at $X per unit in 2021, reducing by -12.4% against the previous year. Over the period under review, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2018 an increase of 19%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Vietnam ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform