Turkey: 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 Turkey

For the ninth year in a row, the Turkish nickel and lithium accumulators market recorded growth in sales value, which increased by 47% to $X in 2022. Over the period under review, consumption showed prominent growth. Nickel and lithium accumulators consumption peaked in 2022 and is expected to retain growth in years to come.

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

In value terms, nickel and lithium accumulators production expanded slightly to $X in 2022 estimated in export price. In general, production, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 1,379%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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

Exports from Turkey

In 2022, after two years of growth, there was decline in shipments abroad of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators, when their volume decreased by -4% to X units. In general, exports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 172% against the previous year. As a result, the exports reached the peak of X units, and then declined slightly in the following year.

In value terms, nickel and lithium accumulators exports skyrocketed to $X in 2022. Overall, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 431% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Ukraine (X units), Hong Kong SAR (X units) and Syrian Arab Republic (X units) were the main destinations of nickel and lithium accumulators exports from Turkey, with a combined 30% share of total exports. Iran, Singapore, the Netherlands, Poland, Cyprus, Norway, Uzbekistan, Russia, Germany and Iraq lagged somewhat behind, together comprising a further 47%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Norway (with a CAGR of +115.9%), while the other leaders experienced more modest paces of growth.

In value terms, Norway ($X), Syrian Arab Republic ($X) and Ukraine ($X) were the largest markets for nickel and lithium accumulators exported from Turkey worldwide, with a combined 31% share of total exports.

Norway, with a CAGR of +117.7%, saw the highest rates of growth with regard to the value of exports, among 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

The average nickel and lithium accumulators export price stood at $X per unit in 2022, jumping by 30% against the previous year. Overall, the export price, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2013 when the average export price increased by 159% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per unit), while the average price for exports to Singapore ($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 Russia (+4.3%), 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 Turkey

In 2022, supplies from abroad of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators increased by 51% to X units, rising for the fourth consecutive year after two years of decline. Overall, imports posted a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 94% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, nickel and lithium accumulators imports skyrocketed to $X in 2022. Over the period under review, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2017 with an increase of 75% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Poland (X units), China (X units) and Japan (X units) were the main suppliers of nickel and lithium accumulators imports to Turkey, with a combined 78% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +81.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Japan ($X) and China ($X) were the largest nickel and lithium accumulators suppliers to Turkey, together comprising 84% of total imports.

Poland, with a CAGR of +86.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers 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, declining by -6.2% against the previous year. Over the period under review, the import price, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2017 an increase of 99% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 Germany ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+25.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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