South Africa: 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 South Africa

The South African nickel and lithium accumulators market soared to $X in 2022, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption posted a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

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

Exports from South Africa

For the fourth year in a row, South Africa 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. Over the period under review, exports showed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, nickel and lithium accumulators exports skyrocketed to $X in 2022. Overall, exports recorded a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Nigeria (X units) was the main destination for nickel and lithium accumulators exports from South Africa, with a X% share of total exports. Moreover, nickel and lithium accumulators exports to Nigeria exceeded the volume sent to the second major destination, Uganda (X units), fourfold. Botswana (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Nigeria amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (X% per year) and Botswana (X% per year).

In value terms, the largest markets for nickel and lithium accumulators exported from South Africa were Nigeria ($X), Uganda ($X) and Namibia ($X), together comprising X% of total exports.

Uganda, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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, declining by X% against the previous year. In general, the export price showed a perceptible decline. The pace of growth was the most pronounced in 2019 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average 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 Zimbabwe ($X per unit), while the average price for exports to Nigeria ($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 Zimbabwe (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 South Africa

Nickel and lithium accumulators imports into South Africa skyrocketed to X units in 2022, increasing by X% against the previous year. Overall, imports enjoyed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, nickel and lithium accumulators imports soared to $X in 2022. In general, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest nickel and lithium accumulators supplier to South Africa, accounting for a X% share of total imports. Moreover, nickel and lithium accumulators imports from China exceeded the figures recorded by the second-largest supplier, Mauritius (X units), more than tenfold.

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: Mauritius (X% per year) and Vietnam (X% per year).

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

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

Import Prices by Country

In 2022, the average nickel and lithium accumulators import price amounted to $X per unit, jumping by X% against the previous year. Overall, the import price saw a strong expansion. The pace of growth was the most pronounced in 2016 an increase of X%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Mauritius ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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