South-Eastern Asia: Lithium Battery Market 2024

Lithium Battery Market Size in South-Eastern Asia

In 2021, after three years of growth, there was decline in the Southeast Asian lithium battery market, when its value decreased by -3.9% to $X. Over the period under review, consumption showed a pronounced decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Lithium Battery Production in South-Eastern Asia

In value terms, lithium battery production skyrocketed to $X in 2021 estimated in export price. In general, production, however, recorded a noticeable descent. The pace of growth was the most pronounced in 2018 with an increase of 77%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Lithium Battery Exports

Exports in South-Eastern Asia

In 2021, approx. X tons of lithium cells ans batteries were exported in South-Eastern Asia; with an increase of 5.1% against the previous year's figure. Total exports indicated a perceptible increase from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -5.6% against 2018 indices. The pace of growth appeared the most rapid in 2014 with an increase of 80%. As a result, the exports attained the peak of X tons. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, lithium battery exports expanded sharply to $X in 2021. Total exports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +3.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 with an increase of 70% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Indonesia (X tons) and Singapore (X tons) dominates exports structure, together comprising 92% of total exports. Malaysia (X tons) and Vietnam (X tons) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (with a CAGR of +37.2%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Indonesia ($X) and Malaysia ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 94% of total exports. These countries were followed by Vietnam, which accounted for a further 4.5%.

Vietnam, with a CAGR of +36.7%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per ton, surging by 5.8% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2015 an increase of 20%. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Malaysia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+2.7%), while the other leaders experienced mixed trends in the export price figures.

Lithium Battery Imports

Imports in South-Eastern Asia

In 2021, purchases abroad of lithium cells ans batteries decreased by -5% to X tons for the first time since 2017, thus ending a three-year rising trend. Overall, imports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 133% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2020, and then fell in the following year.

In value terms, lithium battery imports expanded slightly to $X in 2021. In general, imports, however, continue to indicate a slight expansion. The growth pace was the most rapid in 2016 with an increase of 101%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

Singapore was the major importer of lithium cells ans batteries in South-Eastern Asia, with the volume of imports reaching X tons, which was approx. 45% of total imports in 2021. It was distantly followed by Vietnam (X tons), Malaysia (X tons) and Thailand (X tons), together creating a 48% share of total imports. The following importers - Indonesia (X tons) and the Philippines (X tons) - each reached a 6.6% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of +59.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Vietnam ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 87% of total imports.

Vietnam, with a CAGR of +48.5%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per ton, picking up by 8.8% against the previous year. Over the period under review, the import price, however, saw a noticeable downturn. The most prominent rate of growth was recorded in 2017 when the import price increased by 11%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in the Philippines ($X per ton) and Vietnam ($X per ton), while Singapore ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+11.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform