Slovakia: Lithium-Ion Accumulator Market 2024

Lithium-Ion Accumulator Market Size in Slovakia

In 2021, the Slovak lithium-ion accumulator market increased by 154% to $X, rising for the sixth consecutive year after two years of decline. In general, consumption enjoyed significant growth. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in the immediate term.

Lithium-Ion Accumulator Exports

Exports from Slovakia

For the third year in a row, Slovakia recorded growth in overseas shipments of lithium-ion accumulators, which increased by 38% to X units in 2021. Over the period under review, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 122% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, lithium-ion accumulator exports declined rapidly to $X in 2021. Overall, exports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of 326%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Czech Republic (X units) was the main destination for lithium-ion accumulator exports from Slovakia, with a 68% share of total exports. Moreover, lithium-ion accumulator exports to the Czech Republic exceeded the volume sent to the second major destination, Poland (X units), sevenfold. The third position in this ranking was taken by Turkey (X units), with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Czech Republic amounted to +79.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+29.0% per year) and Turkey (+64.7% per year).

In value terms, the Czech Republic ($X) emerged as the key foreign market for lithium-ion accumulators exports from Slovakia, comprising 45% of total exports. The second position in the ranking was held by Turkey ($X), with a 19% share of total exports. It was followed by Poland, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Czech Republic totaled +64.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+69.1% per year) and Poland (+29.2% per year).

Export Prices by Country

The average lithium-ion accumulator export price stood at $X per unit in 2021, falling by -43.1% against the previous year. Overall, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2015 when the average export price increased by 270% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to Austria ($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 the United States (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Lithium-Ion Accumulator Imports

Imports into Slovakia

In 2021, approx. X units of lithium-ion accumulators were imported into Slovakia; rising by 166% on 2020 figures. Over the period under review, imports saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 1,127%. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, lithium-ion accumulator imports surged to $X in 2021. In general, imports recorded a significant expansion. The growth pace was the most rapid in 2013 when imports increased by 600%. Imports peaked in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, China (X units) constituted the largest supplier of lithium-ion accumulator to Slovakia, accounting for a 70% share of total imports. Moreover, lithium-ion accumulator imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), sixfold. The third position in this ranking was held by Hungary (X units), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +74.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+67.4% per year) and Hungary (+245.7% per year).

In value terms, China ($X) constituted the largest supplier of lithium-ion accumulators to Slovakia, comprising 39% of total imports. The second position in the ranking was held by Hungary ($X), with a 13% share of total imports. It was followed by South Korea, with a 6% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +86.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+233.4% per year) and South Korea (+58.4% per year).

Import Prices by Country

The average lithium-ion accumulator import price stood at $X per unit in 2021, with a decrease of -41.5% against the previous year. Over the period under review, the import price, however, continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2013 an increase of 340% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Hungary ($X per unit), while the price for South Korea ($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 (+6.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform