Global Lithium Battery Market 2024

Lithium Battery Market Size

In 2021, after four years of growth, there was significant decline in the global lithium battery market, when its value decreased by -5.2% to $X. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Lithium Battery Production

In value terms, lithium battery production rose modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2019 when the production volume increased by 11%. Global production peaked in 2021 and is expected to retain growth in the immediate term.

Lithium Battery Exports

Exports

In 2021, approx. X tons of lithium cells ans batteries were exported worldwide; growing by 16% against the previous year. In general, total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +25.2% against 2014 indices. The pace of growth was the most pronounced in 2014 with an increase of 37% against the previous year. The global exports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, lithium battery exports surged to $X in 2021. The total export value increased at an average annual rate of +5.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, China (X tons), distantly followed by Indonesia (X tons), Singapore (X tons), Hong Kong SAR (X tons), Germany (X tons) and the Netherlands (X tons) represented the major exporters of lithium cells ans batteries, together generating 59% of total exports. Japan (X tons), Poland (X tons), Belgium (X tons), South Korea (X tons), France (X tons), the UK (X tons) and the United States (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the lithium cells ans batteries exports, with a CAGR of +29.8% from 2012 to 2021. At the same time, Poland (+29.5%), Belgium (+14.7%), the Netherlands (+10.3%), South Korea (+9.3%), Germany (+8.0%), Hong Kong SAR (+6.3%), Indonesia (+5.4%), France (+4.1%), Japan (+3.2%) and the UK (+2.1%) displayed positive paces of growth. By contrast, Singapore (-1.7%) and the United States (-8.9%) illustrated a downward trend over the same period. China (+17 p.p.), Poland (+3.3 p.p.) and Belgium (+1.9 p.p.) significantly strengthened its position in terms of the global exports, while Japan, the United States and Singapore saw its share reduced by -1.6%, -9.6% and -11% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest lithium battery supplying countries worldwide were the United States ($X), China ($X) and Hong Kong SAR ($X), with a combined 37% share of global exports. These countries were followed by Singapore, Indonesia, Germany, Japan, the Netherlands, France, South Korea, Belgium, Poland and the UK, which together accounted for a further 47%.

Poland, with a CAGR of +26.6%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average lithium battery export price stood at $X per ton in 2021, remaining constant against the previous year. Over the period under review, the export price, however, saw a mild shrinkage. The pace of growth appeared the most rapid in 2015 when the average export price increased by 12% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the United States ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+12.2%), while the other global leaders experienced more modest paces of growth.

Lithium Battery Imports

Imports

Global lithium battery imports expanded remarkably to X tons in 2021, picking up by 7.9% against 2020. Overall, total imports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +82.9% against 2013 indices. The growth pace was the most rapid in 2016 when imports increased by 23% against the previous year. Global imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, lithium battery imports rose remarkably to $X in 2021. The total import value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 16%. Over the period under review, global imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, the United States (X tons), followed by Singapore (X tons), Hong Kong SAR (X tons), Germany (X tons), Mexico (X tons) and China (X tons) were the key importers of lithium cells ans batteries, together creating 39% of total imports. The following importers - the Netherlands (X tons), Vietnam (X tons), the UK (X tons), France (X tons), Poland (X tons), Belgium (X tons) and Italy (X tons) - together made up 26% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of +59.1%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest lithium battery importing markets worldwide were the United States ($X), Hong Kong SAR ($X) and Singapore ($X), with a combined 25% share of global imports. These countries were followed by Germany, China, Vietnam, Mexico, the Netherlands, the UK, Italy, Poland, Belgium and France, which together accounted for a further 40%.

In terms of the main importing countries, Vietnam, with a CAGR of +48.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average lithium battery import price amounted to $X per ton, growing by 6.3% against the previous year. In general, the import price, however, saw a pronounced descent. Global import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Hong Kong SAR ($X per ton), while France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+2.1%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform