Middle East: Lithium Battery Market 2024

Lithium Battery Market Size in the Middle East

The Middle Eastern lithium battery market was estimated at $X in 2021, picking up by 11% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Lithium Battery Production in the Middle East

In value terms, lithium battery production reached $X in 2021 estimated in export price. Over the period under review, production continues to indicate a mild slump. The most prominent rate of growth was recorded in 2015 with an increase of 13%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Lithium Battery Exports

Exports in the Middle East

In 2021, shipments abroad of lithium cells ans batteries was finally on the rise to reach X tons after two years of decline. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 496%. The volume of export peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, lithium battery exports soared to $X in 2021. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 790% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Israel (X tons) was the key exporter of lithium cells ans batteries, creating 79% of total exports. Turkey (X tons) took an 11% share (based on physical terms) of total exports, which put it in second place, followed by the United Arab Emirates (9.4%).

Israel was also the fastest-growing in terms of the lithium cells ans batteries exports, with a CAGR of +44.5% from 2012 to 2021. At the same time, Turkey (+27.4%) and the United Arab Emirates (+17.2%) displayed positive paces of growth. From 2012 to 2021, the share of Israel increased by +38 percentage points.

In value terms, Israel ($X) remains the largest lithium battery supplier in the Middle East, comprising 90% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 5.7% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Israel totaled +40.9%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+13.7% per year) and Turkey (+26.8% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, with an increase of 3.9% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 49%. As a result, the export price reached the peak level of $X per ton. From 2016 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Israel ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-0.5%), while the other leaders experienced a decline in the export price figures.

Lithium Battery Imports

Imports in the Middle East

Lithium battery imports amounted to X tons in 2021, picking up by 3.9% against the previous year. Total imports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -3.3% against 2019 indices. The growth pace was the most rapid in 2019 when imports increased by 38%. As a result, imports attained the peak of X tons; afterwards, it flattened through to 2021.

In value terms, lithium battery imports skyrocketed to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +9.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +37.7% against 2018 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 31% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X tons), Turkey (X tons), Saudi Arabia (X tons) and Israel (X tons) represented the key importer of lithium cells ans batteries in the Middle East, constituting 81% of total import. The following importers - Qatar (X tons), Oman (X tons) and Iran (X tons) - together made up 9.9% of total imports.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +12.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported lithium cells ans batteries in the Middle East, comprising 41% of total imports. The second position in the ranking was taken by Turkey ($X), with a 16% share of total imports. It was followed by Israel, with a 15% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates totaled +15.7%. In the other countries, the average annual rates were as follows: Turkey (+6.3% per year) and Israel (+4.0% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, picking up by 24% against the previous year. Import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when the import price increased by 46% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Qatar (+17.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :