U.S.: Lithium-Ion Accumulator Market 2024

Lithium-Ion Accumulator Market Size in the U.S.

The U.S. lithium-ion accumulator market soared to $X in 2021, growing by 77% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Lithium-Ion Accumulator Exports

Exports from the U.S.

In 2021, exports of lithium-ion accumulators from the United States expanded remarkably to X units, with an increase of 5.7% against the previous year's figure. Over the period under review, exports enjoyed a resilient expansion. The growth pace was the most rapid in 2013 when exports increased by 124%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, lithium-ion accumulator exports dropped to $X in 2021. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 173%. The exports peaked at $X in 2020, and then reduced slightly in the following year.

Exports by Country

Canada (X units), Mexico (X units) and Australia (X units) were the main destinations of lithium-ion accumulator exports from the United States, together accounting for 54% of total exports. These countries were followed by Germany, the UK, China, the Netherlands, South Korea, Belgium, the United Arab Emirates, Japan and Spain, which together accounted for a further 35%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +83.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lithium-ion accumulator exported from the United States were Canada ($X), Mexico ($X) and Australia ($X), together accounting for 53% of total exports. The UK, Spain, the Netherlands, Germany, Japan, South Korea, China, Belgium and the United Arab Emirates lagged somewhat behind, together comprising a further 35%.

The United Arab Emirates, with a CAGR of +78.9%, recorded the highest growth rate of 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

In 2021, the average lithium-ion accumulator export price amounted to $X per unit, reducing by -8.2% against the previous year. Over the period under review, export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the average export price increased by 23% against the previous year. The export price peaked at $X per unit in 2020, and then reduced in the following year.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Lithium-Ion Accumulator Imports

Imports into the U.S.

In 2021, purchases abroad of lithium-ion accumulators increased by 103% to X units, rising for the fifth consecutive year after two years of decline. In general, imports posted a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, lithium-ion accumulator imports skyrocketed to $X in 2021. Overall, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest lithium-ion accumulator supplier to the United States, accounting for a 61% share of total imports. Moreover, lithium-ion accumulator imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), twofold. The third position in this ranking was taken by Japan (X units), with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +20.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+28.9% per year) and Japan (-9.1% per year).

In value terms, China ($X) constituted the largest supplier of lithium-ion accumulators to the United States, comprising 55% of total imports. The second position in the ranking was held by South Korea ($X), with a 17% share of total imports. It was followed by Japan, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +26.3%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+25.0% per year) and Japan (+7.5% per year).

Import Prices by Country

The average lithium-ion accumulator import price stood at $X per unit in 2021, waning by -16% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when the average import price increased by 52%. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then contracted markedly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform