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Hong Kong SAR, China - Lithium cells ans batteries - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: Mar 12, 2024

Export of Lithium From Hong Kong Sees Sharp Decline to $15M in November 2023

Hong Kong Cells and batteries; lithium Exports

For the third month in a row, Hong Kong recorded decline in overseas shipments of cells and batteries; lithia, which decreased by -17.5% to 42M units in November 2023. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2023 with an increase of 47% against the previous month. Over the period under review, the exports attained the maximum at 61M units in June 2023; however, from July 2023 to November 2023, the exports failed to regain momentum.

In value terms, cells and batteries; lithium exports plummeted to $15M (IndexBox estimates) in November 2023. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 when exports increased by 46% m-o-m. Over the period under review, the exports hit record highs at 22M units in August 2023; however, from September 2023 to November 2023, the exports stood at a somewhat lower figure. Hong Kong Cells and batteries; lithium Exports By Country (Million USD)

COUNTRY	Export Value of Cells and batteries; lithium in Hong Kong (million USD)
COUNTRY	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023	May 2023	Jun 2023	Jul 2023	Aug 2023	Sep 2023	Oct 2023	Nov 2023
China	4.8	5.3	3.6	4.3	6.8	5.4	4.3	7.1	7.7	7.6	6.3	5.0	4.4
Vietnam	0.7	1.7	1.2	1.5	2.3	2.2	2.4	2.4	2.7	2.1	1.9	1.8	1.6
Turkey	0.1	0.1	0.5	< 0.1	0.1	0.4	0.2	1.2	1.0	1.1	1.0	0.7	1.0
Singapore	0.3	0.4	0.3	0.2	0.2	0.4	0.2	0.2	0.3	0.3	0.2	0.7	0.4
India	0.4	0.4	0.5	0.7	0.4	0.5	0.4	0.4	0.7	0.3	0.6	0.7	0.4
Germany	0.2	1.2	1.2	0.6	0.9	0.2	0.4	0.3	0.6	0.6	0.6	0.2	0.3
Philippines	0.3	0.2	0.2	0.2	0.1	< 0.1	0.1	0.3	0.1	0.3	0.3	0.5	0.2
Others	9.3	8.9	9.5	6.6	9.7	8.5	8.3	9.0	8.7	9.9	10.2	9.5	6.2
Total	16.2	18.1	17.0	14.2	20.7	17.6	16.2	20.9	21.7	22.2	21.1	19.3	14.5

Exports by Country

China (14M units) was the main destination for cells and batteries; lithium exports from Hong Kong, accounting for a 34% share of total exports. Moreover, cells and batteries; lithium exports to China exceeded the volume sent to the second major destination, Vietnam (5.1M units), threefold. The third position in this ranking was held by Singapore (3.4M units), with an 8.1% share.

From November 2022 to November 2023, the average monthly growth rate of volume to China amounted to -2.0%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Vietnam (+6.4% per month) and Singapore (+4.2% per month).

In value terms, China ($4.4M) remains the key foreign market for cells and batteries; lithium exports from Hong Kong, comprising 30% of total exports. The second position in the ranking was taken by Vietnam ($1.6M), with an 11% share of total exports. It was followed by Turkey, with a 7% share.

From November 2022 to November 2023, the average monthly rate of growth in terms of value to China was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Vietnam (+6.9% per month) and Turkey (+17.6% per month).

Export Prices by Country

In November 2023, the cells and batteries; lithium price stood at $344 per thousand units (FOB, Hong Kong), declining by -8.5% against the previous month. Over the period under review, the export price saw a slight decrease. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 17% month-to-month. As a result, the export price reached the peak level of $429 per thousand units. From February 2023 to November 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($899 per thousand units), while the average price for exports to the Philippines ($98.0 per thousand units) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the lithium battery market in Hong Kong SAR, China. 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:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
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
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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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

Hong Kong SAR, China - Lithium cells ans batteries - Market Analysis, Forecast, Size, Trends And Insights

Export of Lithium From Hong Kong Sees Sharp Decline to $15M in November 2023

Hong Kong Cells and batteries; lithium Exports

Exports by Country

Export Prices by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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