Norway: Market for Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators 2024

Market Size for Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators in Norway

In 2022, the Norwegian nickel and lithium accumulators market increased by X% to $X, rising for the sixth consecutive year after two years of decline. Over the period under review, consumption showed resilient growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Production of Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators in Norway

In value terms, nickel and lithium accumulators production amounted to $X in 2022 estimated in export price. Overall, production enjoyed a strong expansion. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators

Exports from Norway

For the seventh year in a row, Norway recorded growth in overseas shipments of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators, which increased by X% to X units in 2022. In general, exports saw a significant expansion. The growth pace was the most rapid in 2014 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, nickel and lithium accumulators exports soared to $X in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

Denmark (X units), Estonia (X units) and the United States (X units) were the main destinations of nickel and lithium accumulators exports from Norway, with a combined X% share of total exports. Sweden, Japan, Germany, China, Poland, Spain, Singapore and the United Arab Emirates lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Germany ($X) and the United States ($X) constituted the largest markets for nickel and lithium accumulators exported from Norway worldwide, with a combined X% share of total exports.

China, with a CAGR of X%, 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 nickel and lithium accumulators export price stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price, however, continues to indicate strong growth. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. The export price peaked at $X per unit in 2021, and then contracted in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Estonia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators

Imports into Norway

In 2022, the amount of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators imported into Norway expanded significantly to X units, growing by X% compared with 2021. In general, imports saw a resilient increase. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, nickel and lithium accumulators imports skyrocketed to $X in 2022. Overall, imports posted a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of nickel and lithium accumulators to Norway, with a X% share of total imports. Moreover, nickel and lithium accumulators imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), fivefold. Japan (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

In value terms, China ($X) constituted the largest supplier of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators to Norway, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Germany (X% per year).

Import Prices by Country

The average nickel and lithium accumulators import price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the import price posted a resilient increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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