United Kingdom: 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 the UK

The UK nickel and lithium accumulators market surged to $X in 2022, increasing by 84% against the previous year. Over the period under review, consumption saw a significant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

In value terms, nickel and lithium accumulators production dropped slightly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 25%. As a result, production reached the peak level of $X. From 2015 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 the UK

In 2022, shipments abroad of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators decreased by -21.2% to X units, falling for the third consecutive year after eight years of growth. In general, exports, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2013 with an increase of 28%. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, nickel and lithium accumulators exports contracted to $X in 2022. Over the period under review, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2019 with an increase of 25% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Ireland (X units), Poland (X units) and Germany (X units) were the main destinations of nickel and lithium accumulators exports from the UK, with a combined 36% share of total exports. The Czech Republic, the Netherlands, Italy, the United States, France, Belgium, Denmark, Sweden and Spain lagged somewhat behind, together accounting for a further 47%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +27.6%), 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 the UK were the United States ($X), Germany ($X) and France ($X), with a combined 44% share of total exports. The Netherlands, Ireland, Italy, Spain, Sweden, Denmark, the Czech Republic, Poland and Belgium lagged somewhat behind, together accounting for a further 32%.

Among the main countries of destination, Poland, with a CAGR of +22.5%, recorded the highest rates of growth with regard to the value of exports, 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, with an increase of 18% against the previous year. Over the period under review, the export price recorded resilient growth. The pace of growth appeared the most rapid in 2021 when the average export price increased by 33% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Poland ($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 Spain (+29.2%), 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 the UK

In 2022, after two years of decline, there was significant growth in overseas purchases of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators, when their volume increased by 141% to X units. Over the period under review, imports showed a prominent increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, nickel and lithium accumulators imports soared to $X in 2022. Overall, imports saw a significant expansion. The growth pace was the most rapid in 2019 with an increase of 67%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest nickel and lithium accumulators supplier to the UK, accounting for a 68% share of total imports. Moreover, nickel and lithium accumulators imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), tenfold. South Korea (X units) ranked third in terms of total imports with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+69.2% per year) and South Korea (+43.8% per year).

In value terms, China ($X) constituted the largest supplier of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators to the UK, comprising 50% of total imports. The second position in the ranking was taken by Germany ($X), with a 15% share of total imports. It was followed by Japan, with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +34.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+32.1% per year) and Japan (+29.8% per year).

Import Prices by Country

In 2022, the average nickel and lithium accumulators import price amounted to $X per unit, which is down by -35.4% against the previous year. Over the period under review, the import price, however, showed strong growth. The pace of growth was the most pronounced in 2021 an increase of 47%. As a result, import price attained the peak level of $X per unit, and then declined rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Poland ($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 (+37.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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