Africa: Lithium-Ion Accumulator Market 2024

Lithium-Ion Accumulator Market Size in Africa

For the eleventh consecutive year, the African lithium-ion accumulator market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption recorded significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Lithium-Ion Accumulator Production in Africa

In value terms, lithium-ion accumulator production reduced modestly to $X in 2022 estimated in export price. The total production indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Lithium-Ion Accumulator Exports

Exports in Africa

For the ninth year in a row, Africa recorded growth in shipments abroad of lithium-ion accumulators, which increased by X% to X units in 2022. In general, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, lithium-ion accumulator exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

South Africa was the largest exporting country with an export of about X units, which resulted at X% of total exports. Nigeria (X units) held the second position in the ranking, distantly followed by Morocco (X units) and Rwanda (X units). All these countries together took near X% share of total exports. Togo (X units) and Zambia (X units) followed a long way behind the leaders.

Exports from South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Rwanda (X%), Morocco (X%), Nigeria (X%) and Zambia (X%) displayed positive paces of growth. Moreover, Rwanda emerged as the fastest-growing exporter exported in Africa, with a CAGR of X% from 2012-2022. Togo experienced a relatively flat trend pattern. While the share of Nigeria (X p.p.), Morocco (X p.p.), Rwanda (X p.p.), Togo (X p.p.) and Zambia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of South Africa (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X) remains the largest lithium-ion accumulator supplier in Africa, comprising X% of total exports. The second position in the ranking was held by Morocco ($X), with a X% share of total exports. It was followed by Rwanda, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Morocco (X% per year) and Rwanda (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, shrinking by X% against the previous year. Export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lithium-ion accumulator export price increased by X% against 2018 indices. The growth pace was the most rapid in 2019 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per unit in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced a decline in the export price figures.

Lithium-Ion Accumulator Imports

Imports in Africa

In 2022, overseas purchases of lithium-ion accumulators increased by X% to X units, rising for the sixth year in a row after two years of decline. In general, imports enjoyed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, lithium-ion accumulator imports surged to $X in 2022. Overall, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

South Africa was the major importing country with an import of about X units, which reached X% of total imports. Kenya (X units) held the second position in the ranking, followed by Ghana (X units) and Djibouti (X units). All these countries together held near X% share of total imports. The following importers - Egypt (X units), Democratic Republic of the Congo (X units), Zimbabwe (X units), Nigeria (X units), Malawi (X units), Algeria (X units) and Tanzania (X units) - together made up X% of total imports.

Imports into South Africa increased at an average annual rate of X% from 2012 to 2022. At the same time, Nigeria (X%), Egypt (X%), Djibouti (X%), Zimbabwe (X%), Malawi (X%), Democratic Republic of the Congo (X%), Tanzania (X%), Ghana (X%), Algeria (X%) and Kenya (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of South Africa, Djibouti, Egypt, Nigeria, Zimbabwe, Malawi and Democratic Republic of the Congo increased by X, X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported lithium-ion accumulators in Africa, comprising X% of total imports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total imports. It was followed by Egypt, with a X% share.

In South Africa, lithium-ion accumulator imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (X% per year) and Egypt (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per unit, increasing by X% against the previous year. Overall, the import price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Nigeria ($X per unit), while Djibouti ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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