SADC: 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 SADC

The SADC nickel and lithium accumulators market surged to $X in 2022, growing by 29% against the previous year. The total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +44.7% against 2020 indices. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, nickel and lithium accumulators production fell sharply to $X in 2022 estimated in export price. Over the period under review, production recorded a mild slump. The pace of growth appeared the most rapid in 2021 with an increase of 52%. Over the period under review, production reached 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 in SADC

In 2022, the amount of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators exported in SADC surged to X units, growing by 176% against 2021. Over the period under review, exports enjoyed resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, nickel and lithium accumulators exports surged to $X in 2022. Overall, exports recorded a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, South Africa (X units) represented the main exporter of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators in SADC, generating 97% of total export.

South Africa was also the fastest-growing in terms of the nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators exports, with a CAGR of +20.8% from 2012 to 2022. While the share of South Africa (+7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) also remains the largest nickel and lithium accumulators supplier in SADC.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to +18.0%.

Export Prices by Country

The export price in SADC stood at $X per unit in 2022, shrinking by -11% against the previous year. Over the period under review, the export price recorded a slight decrease. The pace of growth was the most pronounced in 2019 when the export price increased by 35% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to -2.3% per year.

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

Imports in SADC

In 2022, nickel and lithium accumulators imports in SADC surged to X units, growing by 181% on the year before. In general, imports enjoyed a remarkable increase. As a result, imports reached 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 significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

South Africa prevails in imports structure, finishing at X units, which was near 82% of total imports in 2022. It was distantly followed by Mozambique (X units), making up a 6.5% share of total imports. The following importers - Tanzania (X units) and Malawi (X units) - each resulted at a 5.6% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to nickel and lithium accumulators imports into South Africa stood at +21.8%. At the same time, Mozambique (+32.3%) and Malawi (+20.2%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing importer imported in SADC, with a CAGR of +32.3% from 2012-2022. Tanzania experienced a relatively flat trend pattern. While the share of South Africa (+13 p.p.) and Mozambique (+4.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Tanzania (-14.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators in SADC, comprising 86% of total imports. The second position in the ranking was taken by Tanzania ($X), with a 2.3% share of total imports. It was followed by Mozambique, with a 1.6% share.

From 2012 to 2022, the average annual growth rate of value in South Africa amounted to +29.0%. In the other countries, the average annual rates were as follows: Tanzania (+3.5% per year) and Mozambique (+9.3% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per unit, picking up by 9.2% against the previous year. Import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.6% 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 increased by +102.3% against 2015 indices. The pace of growth appeared the most rapid in 2016 when the import price increased by 36% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Africa ($X per unit), while Malawi ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+6.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform