Sweden: 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 Sweden

The Swedish nickel and lithium accumulators market surged to $X in 2022, growing by 49% against the previous year. Overall, consumption saw a significant increase. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Production of Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators in Sweden

In value terms, nickel and lithium accumulators production fell rapidly to $X in 2022 estimated in export price. Overall, production saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the production volume increased by 336%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

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

Exports from Sweden

In 2022, shipments abroad of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators increased by 22% to X units, rising for the second consecutive year after two years of decline. Overall, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2016 when exports increased by 63% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, nickel and lithium accumulators exports soared to $X in 2022. Over the period under review, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Exports by Country

Italy (X units), Poland (X units) and Norway (X units) were the main destinations of nickel and lithium accumulators exports from Sweden, together accounting for 55% of total exports. Denmark, Spain, Finland, France, Hungary, Germany, the Czech Republic, Slovakia, the Netherlands and the United States lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +65.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nickel and lithium accumulators exported from Sweden were Norway ($X), the United States ($X) and Italy ($X), with a combined 31% share of total exports. Germany, Denmark, Finland, Poland, Spain, France, the Netherlands, the Czech Republic, Slovakia and Hungary lagged somewhat behind, together comprising a further 29%.

The Czech Republic, with a CAGR of +56.4%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average nickel and lithium accumulators export price amounted to $X per unit, with a decrease of -1.8% against the previous year. Overall, the export price saw a abrupt contraction. The pace of growth was the most pronounced in 2017 when the average export price increased by 24%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Hungary ($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 Finland (+12.5%), 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 Sweden

In 2022, imports of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators into Sweden skyrocketed to X units, growing by 98% on the previous year's figure. In general, imports continue to indicate a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, nickel and lithium accumulators imports rose remarkably to $X in 2022. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2019 with an increase of 113% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest nickel and lithium accumulators supplier to Sweden, accounting for a 71% share of total imports. Moreover, nickel and lithium accumulators imports from China exceeded the figures recorded by the second-largest supplier, Finland (X units), sevenfold. The third position in this ranking was held by Germany (X units), with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +45.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Finland (+77.2% per year) and Germany (+16.0% per year).

In value terms, the largest nickel and lithium accumulators suppliers to Sweden were China ($X), Finland ($X) and Germany ($X), together comprising 68% of total imports.

In terms of the main suppliers, Finland, with a CAGR of +95.2%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average nickel and lithium accumulators import price stood at $X per unit in 2022, dropping by -42.8% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 50%. Over the period under review, average import prices reached the peak figure at $X per unit in 2021, and then dropped markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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