Report Update Nov 1, 2024

Sri Lanka - Lithium cells ans batteries - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Lithium Battery Market 2024

Lithium Battery Market Size in Sri Lanka

For the fourth year in a row, the Sri Lankan lithium battery market recorded growth in sales value, which increased by 135% to $X in 2021. Over the period under review, consumption posted resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Lithium Battery Exports

Exports from Sri Lanka

After three years of growth, overseas shipments of lithium cells ans batteries decreased by -75.6% to X kg in 2021. In general, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 293% against the previous year. Over the period under review, the exports hit record highs at X kg in 2020, and then shrank rapidly in the following year.

In value terms, lithium battery exports shrank significantly to $X in 2021. Overall, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 304% against the previous year. The exports peaked at $X in 2020, and then dropped markedly in the following year.

Exports by Country

Norway (X kg) was the main destination for lithium battery exports from Sri Lanka, with a 51% share of total exports. Moreover, lithium battery exports to Norway exceeded the volume sent to the second major destination, Sweden (X kg), twofold. The UK (X kg) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Norway amounted to +41.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+52.3% per year) and the UK (0.0% per year).

In value terms, Norway ($X) emerged as the key foreign market for lithium cells ans batteries exports from Sri Lanka, comprising 61% of total exports. The second position in the ranking was taken by the UK ($X), with a 14% share of total exports. It was followed by Sweden, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Norway amounted to +47.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+87.0% per year) and Sweden (+58.4% per year).

Export Prices by Country

In 2021, the average lithium battery export price amounted to $X per ton, growing by 30% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the UK ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+124.8%), while the prices for the other major destinations experienced more modest paces of growth.

Lithium Battery Imports

Imports into Sri Lanka

In 2021, the amount of lithium cells ans batteries imported into Sri Lanka surged to X tons, with an increase of 173% against 2020. Over the period under review, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, lithium battery imports surged to $X in 2021. In general, imports posted resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of lithium battery to Sri Lanka, accounting for a 45% share of total imports. Moreover, lithium battery imports from China exceeded the figures recorded by the second-largest supplier, Switzerland (X tons), ninefold. The third position in this ranking was held by Hong Kong SAR (X kg), with a 3.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +25.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+6.5% per year) and Hong Kong SAR (+3.2% per year).

In value terms, China ($X) constituted the largest supplier of lithium cells ans batteries to Sri Lanka, comprising 61% of total imports. The second position in the ranking was taken by Switzerland ($X), with a 9.7% share of total imports. It was followed by Hong Kong SAR, with a 4.8% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +20.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+6.4% per year) and Hong Kong SAR (-1.3% per year).

Import Prices by Country

In 2021, the average lithium battery import price amounted to $X per ton, with a decrease of -25.7% against the previous year. Overall, the import price saw a deep downturn. The growth pace was the most rapid in 2015 when the average import price increased by 5.7% against the previous year. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the countries with the highest prices were Switzerland ($X per ton) and China ($X per ton), while the price for Japan ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

This report provides an in-depth analysis of the lithium battery market in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 27201150 -
Prodcom 27201155 -
Prodcom 27201160 -

Country coverage:

Sri Lanka

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Sri Lanka
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023