South-Eastern Asia: Lithium-Ion Accumulator Market 2025

Lithium-Ion Accumulator Market Size in South-Eastern Asia

In 2021, the Southeast Asian lithium-ion accumulator market decreased by -9.9% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Over the period under review, the market attained the maximum level at $X in 2020, and then reduced in the following year.

Lithium-Ion Accumulator Production in South-Eastern Asia

In value terms, lithium-ion accumulator production contracted slightly to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 23% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Lithium-Ion Accumulator Exports

Exports in South-Eastern Asia

Lithium-ion accumulator exports skyrocketed to X units in 2021, increasing by 37% against the previous year. Overall, exports posted a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of 87%. Over the period under review, the exports reached the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, lithium-ion accumulator exports expanded markedly to $X in 2021. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2018 when exports increased by 88%. Over the period under review, the exports hit record highs at $X in 2019; afterwards, it flattened through to 2021.

Exports by Country

Singapore was the key exporter of lithium-ion accumulators in South-Eastern Asia, with the volume of exports accounting for X units, which was near 52% of total exports in 2021. It was distantly followed by Thailand (X units), Vietnam (X units) and Malaysia (X units), together constituting a 47% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Thailand (with a CAGR of +120.5%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), Malaysia ($X) and Vietnam ($X) were the countries with the highest levels of exports in 2021, together accounting for 96% of total exports. Thailand lagged somewhat behind, accounting for a further 3.1%.

Among the main exporting countries, Thailand, with a CAGR of +54.8%, saw the highest rates of growth with regard to 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

In 2021, the export price in South-Eastern Asia amounted to $X per unit, dropping by -19.8% against the previous year. Over the period under review, the export price showed a abrupt setback. The most prominent rate of growth was recorded in 2018 when the export price increased by 66%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (-0.7%), while the other leaders experienced a decline in the export price figures.

Lithium-Ion Accumulator Imports

Imports in South-Eastern Asia

For the eighth year in a row, South-Eastern Asia recorded growth in overseas purchases of lithium-ion accumulators, which increased by 51% to X units in 2021. Overall, imports continue to indicate significant growth. The pace of growth was the most pronounced in 2014 when imports increased by 85%. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, lithium-ion accumulator imports rose notably to $X in 2021. Over the period under review, imports saw significant growth. The growth pace was the most rapid in 2014 with an increase of 120% against the previous year. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Vietnam (X units) represented the main importer of lithium-ion accumulators, generating 48% of total imports. Indonesia (X units) held the second position in the ranking, distantly followed by Thailand (X units), Singapore (X units) and Malaysia (X units). All these countries together held near 48% share of total imports. The Philippines (X units) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to lithium-ion accumulator imports into Vietnam stood at +28.6%. At the same time, the Philippines (+85.5%), Indonesia (+72.8%), Singapore (+24.2%), Thailand (+16.3%) and Malaysia (+6.1%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +85.5% from 2012-2021. From 2012 to 2021, the share of Indonesia, Vietnam and the Philippines increased by +19, +9.2 and +4.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported lithium-ion accumulators in South-Eastern Asia, comprising 61% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 9.5% share of total imports. It was followed by Thailand, with a 9.3% share.

In Vietnam, lithium-ion accumulator imports expanded at an average annual rate of +30.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Indonesia (+34.0% per year) and Thailand (+15.8% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2021, which is down by -30.3% against the previous year. In general, the import price continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2013 an increase of 57% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was the Philippines ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+5.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform