Romania: 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 Romania

The Romanian nickel and lithium accumulators market surged to $X in 2022, increasing by 21% against the previous year. Over the period under review, consumption recorded a prominent expansion. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the near future.

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

In value terms, nickel and lithium accumulators production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of 68%. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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

Exports from Romania

For the sixth consecutive year, Romania recorded growth in overseas shipments of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators, which increased by 36% to X units in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 269% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, nickel and lithium accumulators exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2015 when exports increased by 170%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for nickel and lithium accumulators exports from Romania, with a 51% share of total exports. Moreover, nickel and lithium accumulators exports to Germany exceeded the volume sent to the second major destination, the Netherlands (X units), twofold. The third position in this ranking was held by Poland (X units), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +52.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+51.8% per year) and Poland (+128.9% per year).

In value terms, Germany ($X) remains the key foreign market for nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators exports from Romania, comprising 60% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a 5.6% share of total exports. It was followed by Poland, with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +77.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+46.0% per year) and Poland (+133.6% per year).

Export Prices by Country

The average nickel and lithium accumulators export price stood at $X per unit in 2022, shrinking by -15.3% against the previous year. In general, the export price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 an increase of 47% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+16.3%), 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 Romania

In 2022, overseas purchases of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators increased by 16% to X units, rising for the eighth consecutive year after two years of decline. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in 2015 when imports increased by 71%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, nickel and lithium accumulators imports soared to $X in 2022. Overall, imports continue to indicate significant growth. The growth pace was the most rapid in 2018 with an increase of 70%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X units), Germany (X units) and South Korea (X units) were the main suppliers of nickel and lithium accumulators imports to Romania, with a combined 71% share of total imports. Vietnam, Hungary, Poland, Hong Kong SAR and Slovenia lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +235.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest nickel and lithium accumulators suppliers to Romania were Vietnam ($X), China ($X) and Germany ($X), with a combined 75% share of total imports.

Vietnam, with a CAGR of +296.3%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average nickel and lithium accumulators import price amounted to $X per unit, jumping by 43% against the previous year. In general, the import price showed a resilient expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 59%. Over the period under review, average import prices attained the maximum in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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