Finland - Lithium cells ans batteries - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Cells and Batteries; Lithium in Finland - 2023
Contents:
- Price for Cells and Batteries; Lithium in Finland (CIF) - 2022
- Price for Cells and Batteries; Lithium in Finland (FOB) - 2023
- Imports of Cells and Batteries; Lithium in Finland
- Exports of Cells and Batteries; Lithium in Finland
Price for Cells and Batteries; Lithium in Finland (CIF) - 2022
In 2022, the average cells and batteries; lithium import price amounted to $0.7 per unit, reducing by -6.9% against the previous year. Over the period under review, the import price recorded a perceptible setback. The pace of growth appeared the most rapid in 2017 an increase of 11% against the previous year. The import price peaked at $1.2 per unit in 2013; however, from 2014 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 United States ($2.3 per unit), while the price for China ($0.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Cells and Batteries; Lithium in Finland (FOB) - 2023
The average cells and batteries; lithium export price stood at $647 per thousand units in June 2023, surging by 66% against the previous month. In general, the export price recorded a pronounced increase. The growth pace was the most rapid in January 2023 when the average export price increased by 189% m-o-m. As a result, the export price reached the peak level of $1.5 per unit. From February 2023 to June 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was the Netherlands ($2.1 per unit), while the average price for exports to Estonia ($113 per thousand units) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+26.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Cells and Batteries; Lithium in Finland
For the fourth consecutive year, Finland recorded growth in purchases abroad of cells and batteries; lithia, which increased by 50% to 14M units in 2022. In general, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, cells and batteries; lithium imports skyrocketed to $10M in 2022. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +17.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.2% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Cells and Batteries; Lithium in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,953 | 2,143 | 2,104 | 3,310 | 19.2% |
| United States | 843 | 896 | 665 | 2,706 | 47.5% |
| Singapore | 196 | 170 | 684 | 745 | 56.1% |
| Germany | 327 | 322 | 429 | 569 | 20.3% |
| Indonesia | 288 | 277 | 220 | 546 | 23.8% |
| Japan | 278 | 295 | 323 | 371 | 10.1% |
| Sweden | 284 | 320 | 257 | 304 | 2.3% |
| Belgium | 475 | 506 | 375 | 177 | -28.0% |
| Switzerland | 166 | 201 | 215 | 154 | -2.5% |
| Others | 1,513 | 2,054 | 2,047 | 1,370 | -3.3% |
| Total | 6,322 | 7,183 | 7,319 | 10,254 | 17.5% |
Top Suppliers of Cells and Batteries; Lithium to Finland in 2022:
- China (8.6M units)
- United States (1.2M units)
- Singapore (1.0M units)
- Indonesia (0.8M units)
- Germany (0.8M units)
- Japan (0.5M units)
- Sweden (0.3M units)
- Switzerland (0.2M units)
- Belgium (0.2M units)
Exports of Cells and Batteries; Lithium in Finland
In 2022, cells and batteries; lithium exports from Finland contracted significantly to 1.5M units, which is down by -24.6% compared with 2021 figures. Overall, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +7.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +30.0% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 72% against the previous year. As a result, the exports attained the peak of 2M units, and then reduced sharply in the following year.
In value terms, cells and batteries; lithium exports shrank sharply to $2M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +8.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +25.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 60%. As a result, the exports attained the peak of $2.6M, and then reduced rapidly in the following year.
| Export of Cells and Batteries; Lithium in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovakia | 1.2 | 17.4 | 318 | 485 | 639.4% |
| Netherlands | 28.7 | 14.6 | 23.3 | 321 | 123.6% |
| Estonia | 190 | 171 | 334 | 188 | -0.4% |
| Russia | 758 | 961 | 1,225 | 163 | -40.1% |
| Sweden | 98.6 | 143 | 158 | 154 | 16.0% |
| United Kingdom | 27.6 | 18.1 | 48.4 | 138 | 71.0% |
| Denmark | 5.6 | 20.6 | 6.6 | 43.4 | 97.9% |
| Others | 488 | 296 | 517 | 520 | 2.1% |
| Total | 1,598 | 1,643 | 2,630 | 2,012 | 8.0% |
Top Export Markets for Cells and Batteries; Lithium from Finland in 2022:
- Slovakia (638.9K units)
- Estonia (500.5K units)
- Russia (85.5K units)
- Netherlands (42.9K units)
- Sweden (41.3K units)
- United Kingdom (26.2K units)
- Denmark (24.7K units)
This report provides an in-depth analysis of the lithium battery market in Finland. 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:
- Finland
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Finland
- 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
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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
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