Report Update: Apr 1, 2024

Hong Kong SAR, China - Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators - Market Analysis, Forecast, Size, Trends And Insights

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Price for Nickel and Lithium Accumulators in Hong Kong SAR - 2023

Price for Nickel and Lithium Accumulators in Hong Kong SAR (CIF) - 2023

In June 2023, the average nickel and lithium accumulators import price amounted to $3.8 per unit, with a decrease of -7.3% against the previous month. Over the period under review, the import price saw a slight contraction. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 33% month-to-month. The import price peaked at $5.2 per unit in January 2023; however, from February 2023 to June 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was China ($4.3 per unit), while the price for Japan ($1.6 per unit) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Singapore (+1.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Nickel and Lithium Accumulators in Hong Kong SAR (FOB) - 2023

In June 2023, the average nickel and lithium accumulators export price amounted to $4.4 per unit, dropping by -5.7% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2022 an increase of 22% m-o-m. The export price peaked at $6.2 per unit in February 2023; however, from March 2023 to June 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was South Korea ($23.8 per unit), while the average price for exports to China ($1.8 per unit) 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 Poland (+7.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nickel and Lithium Accumulators in Hong Kong SAR

In 2022, overseas purchases of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators decreased by -32.6% to 962M units for the first time since 2018, thus ending a three-year rising trend. Overall, imports recorded a perceptible decrease. The growth pace was the most rapid in 2021 when imports increased by 19% against the previous year. As a result, imports attained the peak of 1.4B units, and then plummeted in the following year.

In value terms, nickel and lithium accumulators imports contracted significantly to $3.9B in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +9.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +32.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 41%. As a result, imports attained the peak of $4.8B, and then fell dramatically in the following year.

Import of Nickel and Lithium Accumulators in Hong Kong SAR (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	2,174	2,615	3,966	3,327	15.2%
Malaysia	266	254	278	281	1.8%
Japan	86.7	90.6	74.6	75.0	-4.7%
Singapore	130	69.7	114	60.3	-22.6%
Germany	4.4	59.1	95.7	40.0	108.7%
South Korea	234	218	169	26.1	-51.9%
Others	53.0	83.4	68.7	97.3	22.4%
Total	2,949	3,389	4,767	3,906	9.8%

Top Suppliers of Nickel and Lithium Accumulators to Hong Kong SAR in 2022:

China (669.4M units)
Malaysia (166.7M units)
Japan (45.2M units)
Singapore (20.9M units)
Germany (19.7M units)
South Korea (12.3M units)

Exports of Nickel and Lithium Accumulators in Hong Kong SAR

In 2022, shipments abroad of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators decreased by -96.3% to 47M units for the first time since 2018, thus ending a three-year rising trend. In general, exports saw a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 11%. As a result, the exports attained the peak of 1.3B units, and then contracted remarkably in the following year.

In value terms, nickel and lithium accumulators exports fell to $4.3B in 2022. The total export value increased at an average annual rate of +8.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 28% against the previous year. As a result, the exports attained the peak of $4.6B, and then dropped in the following year.

Export of Nickel and Lithium Accumulators in Hong Kong SAR (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,260	1,176	1,254	1,012	-7.0%
South Korea	29.0	174	582	754	196.2%
India	523	398	515	601	4.7%
United States	342	332	345	289	-5.5%
Germany	154	145	210	189	7.1%
Vietnam	52.2	117	98.2	174	49.4%
Japan	136	201	271	136	0.0%
Taiwan (Chinese)	61.6	50.8	73.2	92.8	14.6%
Brazil	78.7	123	56.5	64.2	-6.6%
Malaysia	30.7	46.6	57.5	53.8	20.6%
Singapore	39.1	39.5	37.8	38.4	-0.6%
Poland	21.3	33.1	66.5	28.6	10.3%
Others	593	754	1,023	841	12.4%
Total	3,321	3,591	4,589	4,273	8.8%

Top Export Markets for Nickel and Lithium Accumulators from Hong Kong SAR in 2022:

China (496.8M units)
India (115.8M units)
Vietnam (50.0M units)
United States (42.3M units)
South Korea (33.3M units)
Germany (28.8M units)
Poland (23.0M units)
Malaysia (22.5M units)
Taiwan (Chinese) (21.0M units)
Japan (15.4M units)
Brazil (14.6M units)
Singapore (14.2M units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for nickel and lithium accumulators 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 27202300 - Nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer, nickel-iron and other electric accumulators
Prodcom 27202310 -
Prodcom 27202320 -
Prodcom 27202330 -
Prodcom 27202340 -
Prodcom 27202350 -
Prodcom 27202395 -

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
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.

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