South Africa: 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 South Africa

For the third year in a row, the South African nickel and lithium accumulators market recorded growth in sales value, which increased by 235% to $X in 2022. Over the period under review, consumption saw a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

Exports from South Africa

In 2022, approx. X units of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators were exported from South Africa; increasing by 180% on the previous year. Overall, exports posted a significant increase. 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. Over the period under review, exports recorded a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Nigeria (X units) was the main destination for nickel and lithium accumulators exports from South Africa, accounting for a 48% share of total exports. Moreover, nickel and lithium accumulators exports to Nigeria exceeded the volume sent to the second major destination, Uganda (X units), fourfold. Botswana (X units) ranked third in terms of total exports with a 7.6% share.

From 2012 to 2022, the average annual growth rate of volume to Nigeria totaled +108.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (+82.4% per year) and Botswana (+8.2% per year).

In value terms, the largest markets for nickel and lithium accumulators exported from South Africa were Nigeria ($X), Uganda ($X) and Namibia ($X), together accounting for 54% of total exports.

In terms of the main countries of destination, Uganda, with a CAGR of +85.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average nickel and lithium accumulators export price stood at $X per unit in 2022, shrinking by -9.9% against the previous year. Overall, the export price recorded a perceptible slump. The most prominent rate of growth was recorded in 2014 when the average export price increased by 30% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kenya ($X per unit), while the average price for exports to Nigeria ($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 Kenya (+7.8%), 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 South Africa

For the third consecutive year, South Africa recorded growth in overseas purchases of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators, which increased by 204% to X units in 2022. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, nickel and lithium accumulators imports skyrocketed to $X in 2022. Overall, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest nickel and lithium accumulators supplier to South Africa, accounting for a 78% share of total imports. Moreover, nickel and lithium accumulators imports from China exceeded the figures recorded by the second-largest supplier, Mauritius (X units), fivefold. Japan (X units) ranked third in terms of total imports with a 1.4% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +38.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Mauritius (+249.2% per year) and Japan (-6.4% per year).

In value terms, China ($X) constituted the largest supplier of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators to South Africa, comprising 89% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 1.2% share of total imports. It was followed by Mauritius, with a 0.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +41.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+13.3% per year) and Mauritius (+182.7% per year).

Import Prices by Country

In 2022, the average nickel and lithium accumulators import price amounted to $X per unit, growing by 14% against the previous year. Overall, the import price saw a remarkable increase. The most prominent rate of growth was recorded in 2016 an increase of 37% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+34.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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