Philippines: 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 the Philippines

In 2022, the Philippine nickel and lithium accumulators market increased by X% to $X, rising for the seventh consecutive year after two years of decline. In general, consumption continues to indicate a buoyant increase. Nickel and lithium accumulators consumption peaked in 2022 and is expected to retain growth in years to come.

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

In value terms, nickel and lithium accumulators production amounted to $X in 2022 estimated in export price. Overall, the total production indicated strong growth 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 decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

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

Exports from the Philippines

In 2022, nickel and lithium accumulators exports from the Philippines soared to X units, jumping by X% against 2021. Over the period under review, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, nickel and lithium accumulators exports surged to $X in 2022. Overall, exports recorded significant growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), Ireland (X units) and Taiwan (Chinese) (X units) were the main destinations of nickel and lithium accumulators exports from the Philippines, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ireland (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for nickel and lithium accumulators exported from the Philippines were the United States ($X), Hong Kong SAR ($X) and Ireland ($X), with a combined X% share of total exports.

Ireland, 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

In 2022, the average nickel and lithium accumulators export price amounted to $X per unit, rising by X% against the previous year. In general, the export price, however, recorded a mild decrease. The growth pace was the most rapid in 2013 an increase of X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the average price for exports to Taiwan (Chinese) ($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 the United States (X%), while the prices for the other major destinations experienced a decline.

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

Imports into the Philippines

In 2022, supplies from abroad of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. Over the period under review, imports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of X%. Imports peaked at X units in 2021, and then declined slightly in the following year.

In value terms, nickel and lithium accumulators imports rose remarkably to $X in 2022. Overall, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of nickel and lithium accumulators to the Philippines, with a X% share of total imports. Moreover, nickel and lithium accumulators imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), twofold. Singapore (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Singapore (X% per year).

In value terms, China ($X), Singapore ($X) and South Korea ($X) were the largest nickel and lithium accumulators suppliers to the Philippines, with a combined X% share of total imports.

In terms of the main suppliers, South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average nickel and lithium accumulators import price stood at $X per unit in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, average import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Taiwan (Chinese) ($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 Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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