Japan: Lithium Battery Market 2023

Lithium Battery Market Size in Japan

In 2021, after four years of growth, there was significant decline in the Japanese lithium battery market, when its value decreased by -71.3% to $X. In general, consumption faced a abrupt contraction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Lithium Battery Production in Japan

In value terms, lithium battery production stood at $X in 2021 estimated in export price. Over the period under review, production, however, saw a pronounced contraction. The most prominent rate of growth was recorded in 2015 with an increase of 11% against the previous year. Lithium battery production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Lithium Battery Exports

Exports from Japan

After four years of decline, overseas shipments of lithium cells ans batteries increased by 18% to X tons in 2021. The total export volume increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when exports increased by 31%. As a result, the exports attained the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, lithium battery exports skyrocketed to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), the United States (X tons) and Hong Kong SAR (X tons) were the main destinations of lithium battery exports from Japan, together comprising 60% of total exports. The Netherlands, Germany, Taiwan (Chinese), Mexico, South Korea, Singapore, the UK and Canada lagged somewhat behind, together comprising a further 33%.

From 2012 to 2021, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +17.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Hong Kong SAR ($X) constituted the largest markets for lithium battery exported from Japan worldwide, together accounting for 60% of total exports. The Netherlands, Germany, Taiwan (Chinese), Mexico, South Korea, Singapore, the UK and Canada lagged somewhat behind, together accounting for a further 33%.

Taiwan (Chinese), with a CAGR of +14.6%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lithium battery export price stood at $X per ton in 2021, surging by 2.6% against the previous year. In general, the export price, however, continues to indicate a noticeable downturn. The pace of growth was the most pronounced in 2015 an increase of 12%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, the highest price was recorded for prices to Canada ($X per ton) and the UK ($X per ton), while the average price for exports to Singapore ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Canada (-2.4%), while the prices for the other major destinations experienced a decline.

Lithium Battery Imports

Imports into Japan

In 2021, overseas purchases of lithium cells ans batteries decreased by -17% to X tons, falling for the second year in a row after four years of growth. Overall, total imports indicated pronounced growth from 2012 to 2021: its volume increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -18.6% against 2019 indices. The pace of growth was the most pronounced in 2013 when imports increased by 28%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, lithium battery imports reduced to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 28%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Indonesia (X tons) constituted the largest lithium battery supplier to Japan, with a 53% share of total imports. Moreover, lithium battery imports from Indonesia exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold. China (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Indonesia totaled +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.1% per year) and China (+4.5% per year).

In value terms, Indonesia ($X) constituted the largest supplier of lithium cells ans batteries to Japan, comprising 53% of total imports. The second position in the ranking was held by the United States ($X), with a 23% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Indonesia amounted to +3.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-5.2% per year) and China (+1.2% per year).

Import Prices by Country

In 2021, the average lithium battery import price amounted to $X per ton, surging by 6.4% against the previous year. Overall, the import price, however, showed a perceptible decline. Over the period under review, average import prices reached the maximum at $X per ton in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Singapore ($X per ton) and Germany ($X per ton), while the price for France ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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