South-Eastern Asia: 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 South-Eastern Asia

For the third year in a row, the Southeast Asian nickel and lithium accumulators market recorded growth in sales value, which increased by 26% to $X in 2022. The total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +9.3% 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 +48.0% against 2019 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Production of Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators in South-Eastern Asia

In value terms, nickel and lithium accumulators production contracted to $X in 2022 estimated in export price. The total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.6% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 40% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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

Exports in South-Eastern Asia

Nickel and lithium accumulators exports surged to X units in 2022, rising by 33% compared with the previous year's figure. In general, exports recorded significant growth. The pace of growth was the most pronounced in 2014 with an increase of 55% against the previous year. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, nickel and lithium accumulators exports skyrocketed to $X in 2022. Over the period under review, exports recorded buoyant growth. The pace of growth was the most pronounced in 2018 with an increase of 78%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

The biggest shipments were from Singapore (X units), Malaysia (X units) and Vietnam (X units), together recording 87% of total export. It was distantly followed by Thailand (X units), mixing up a 13% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Thailand (with a CAGR of +42.4%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Vietnam ($X) and Singapore ($X) were the countries with the highest levels of exports in 2022, together comprising 96% of total exports.

Malaysia, with a CAGR of +28.9%, saw the highest growth rate of the value of exports, among 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 2022, the export price in South-Eastern Asia amounted to $X per unit, picking up by 23% against the previous year. Overall, the export price, however, continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2018 an increase of 43% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+0.8%), while the other leaders experienced a decline in the export price figures.

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

Imports in South-Eastern Asia

In 2022, purchases abroad of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators increased by 23% to X units, rising for the seventh consecutive year after two years of decline. Overall, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 56%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, nickel and lithium accumulators imports expanded remarkably to $X in 2022. Over the period under review, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2014 when imports increased by 62%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Vietnam was the key importing country with an import of about X units, which resulted at 43% of total imports. It was distantly followed by Singapore (X units), Indonesia (X units), Malaysia (X units) and Thailand (X units), together creating a 53% share of total imports. The Philippines (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to nickel and lithium accumulators imports into Vietnam stood at +41.6%. At the same time, Indonesia (+65.7%), the Philippines (+21.1%), Malaysia (+5.6%), Singapore (+5.5%) and Thailand (+4.8%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +65.7% from 2012-2022. From 2012 to 2022, the share of Vietnam and Indonesia increased by +38 and +14 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators in South-Eastern Asia, comprising 63% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 9.3% share of total imports. It was followed by Singapore, with a 9% share.

In Vietnam, nickel and lithium accumulators imports expanded at an average annual rate of +30.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (+26.5% per year) and Singapore (+8.7% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, declining by -13.7% against the previous year. Import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.4% 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 decreased by -27.9% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the import price increased by 67%. Over the period under review, import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Vietnam ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+5.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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