Nigeria - Lithium cells ans batteries - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Cells and Batteries; Lithium in Nigeria - 2022
Contents:
- Price for Cells and Batteries; Lithium in Nigeria (CIF) - 2022
- Price for Cells and Batteries; Lithium in Nigeria (FOB) - 2022
- Imports of Cells and Batteries; Lithium in Nigeria
- Exports of Cells and Batteries; Lithium in Nigeria
Price for Cells and Batteries; Lithium in Nigeria (CIF) - 2022
In 2022, the average cells and batteries; lithium import price amounted to $2.5 per unit, rising by 28% against the previous year. Over the period under review, the import price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2017 when the average import price increased by 49%. The import price peaked at $7.3 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 the UK ($138 per unit), while the price for Switzerland ($0.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+29.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cells and Batteries; Lithium in Nigeria (FOB) - 2022
In 2022, the average cells and batteries; lithium export price amounted to $23 per unit, reducing by -5.3% against the previous year. In general, the export price saw a deep setback. The growth pace was the most rapid in 2019 an increase of 119%. Over the period under review, the average export prices hit record highs at $52 per unit in 2013; however, from 2014 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 Netherlands ($44 per unit), while the average price for exports to the United States ($7 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 Benin (+28.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cells and Batteries; Lithium in Nigeria
For the third year in a row, Nigeria recorded decline in supplies from abroad of cells and batteries; lithia, which decreased by -16.7% to 1.9M units in 2022. Overall, imports continue to indicate a sharp descent. The smallest decline of -4.2% was in 2021. Imports peaked at 3.9M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, cells and batteries; lithium imports expanded remarkably to $4.8M in 2022. Over the period under review, imports faced a deep downturn. Over the period under review, imports attained the maximum at $8.2M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
Import of Cells and Batteries; Lithium in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2,765 | 2,909 | 1,644 | 982 | -29.2% |
Barbados | 263 | 279 | 312 | 950 | 53.4% |
United States | 1,391 | 574 | 515 | 495 | -29.1% |
Portugal | 0.1 | 0.1 | 0.1 | 194 | 1147.2% |
India | 0.4 | 3.9 | 43.3 | 129 | 585.8% |
Netherlands | 148 | 47.2 | 87.5 | 128 | -4.7% |
Hong Kong SAR | 37.9 | 58.0 | 13.8 | 83.8 | 30.3% |
Germany | 197 | 33.7 | 80.6 | 81.1 | -25.6% |
Switzerland | 0.1 | 37.5 | 325 | 30.1 | 570.2% |
Others | 3,370 | 1,166 | 1,459 | 1,710 | -20.2% |
Total | 8,174 | 5,108 | 4,480 | 4,782 | -16.4% |
Top Suppliers of Cells and Batteries; Lithium to Nigeria in 2022:
- China (1167.7K units)
- Hong Kong SAR (144.5K units)
- Netherlands (131.2K units)
- Barbados (84.5K units)
- United States (74.8K units)
- Switzerland (54.8K units)
- India (51.8K units)
- Portugal (48.6K units)
- Germany (42.5K units)
Exports of Cells and Batteries; Lithium in Nigeria
In 2022, overseas shipments of cells and batteries; lithia were finally on the rise to reach 247 units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a abrupt downturn. The exports peaked at 378 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, cells and batteries; lithium exports reached $5.8K in 2022. Over the period under review, exports, however, showed a deep downturn. Over the period under review, the exports reached the peak figure at $6.9K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Cells and Batteries; Lithium in Nigeria (USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United Kingdom | 681 | 823 | 755 | 1,934 | 41.6% |
Angola | 1,518 | 2,172 | 1,423 | 1,848 | 6.8% |
Ghana | 1,695 | 1,219 | 666 | 721 | -24.8% |
Cote d'Ivoire | 527 | 407 | 435 | 566 | 2.4% |
Netherlands | 2,278 | 1,611 | 713 | 485 | -40.3% |
Benin | 40.0 | 23.0 | 975 | 190 | 68.1% |
Zimbabwe | N/A | N/A | 271 | N/A | 0% |
Others | 161 | 52.0 | 33.0 | 46.0 | -34.1% |
Total | 6,900 | 6,307 | 5,271 | 5,790 | -5.7% |
Top Export Markets for Cells and Batteries; Lithium from Nigeria in 2022:
- United Kingdom (85.0 units)
- Angola (82.0 units)
- Ghana (32.0 units)
- Cote d'Ivoire (25.0 units)
- Netherlands (11.0 units)
- Benin (9.0 units)
This report provides an in-depth analysis of the lithium battery market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27201150 -
- Prodcom 27201155 -
- Prodcom 27201160 -
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the lithium battery market in Nigeria.
This report provides an in-depth analysis of the market for primary cells and primary batteries in Nigeria.
This report provides an in-depth analysis of the market for primary cell and battery in Nigeria.
This report provides an in-depth analysis of the primary battery parts market in Nigeria.
This report provides an in-depth analysis of the global lithium battery market.
This report provides an in-depth analysis of the global market for primary cells and primary batteries.
This report provides an in-depth analysis of the global market for primary cell and battery.
This report provides an in-depth analysis of the global primary battery parts market.
This report provides an in-depth analysis of the lithium battery market in Nigeria.
This report provides an in-depth analysis of the market for primary cells and primary batteries in Nigeria.
Explore the top 10 countries leading in the import of primary cells and primary batteries in 2023. Discover key statistics and trends in the global market.
In value terms, waste and scrap of primary cells imports totaled $X in 2016. Overall, it indicated a measured expansion from 2007 to 2016: the total imports value increased at an average annual rat...
In value terms, waste and scrap of primary cells exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indi...
In 2016, approx. X tons of battery were imported worldwide- remaining stable against the previous year figure. The total import volume increased at an average annual rate of +X% over the period...
In 2016, approx. X tons of battery were imported worldwide- remaining stable against the previous year figure. The total import volume increased at an average annual rate of +X% over the period...
Explore the top import markets for primary cells and batteries in the world. Discover key statistics and import values for countries such as the United States, Germany, Vietnam, and more.
Explore the top 10 countries leading in the import of primary cells and primary batteries in 2023. Discover key statistics and trends in the global market.
In value terms, waste and scrap of primary cells imports totaled $X in 2016. Overall, it indicated a measured expansion from 2007 to 2016: the total imports value increased at an average annual rat...
In value terms, waste and scrap of primary cells exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indi...
In 2016, approx. X tons of battery were imported worldwide- remaining stable against the previous year figure. The total import volume increased at an average annual rate of +X% over the period...