Ukraine: Lithium-Ion Accumulator Market 2023

Lithium-Ion Accumulator Market Size in Ukraine

The Ukrainian lithium-ion accumulator market skyrocketed to $X in 2021, with an increase of 28% 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, however, showed significant growth. Lithium-ion accumulator consumption peaked in 2021 and is expected to retain growth in the immediate term.

Lithium-Ion Accumulator Exports

Exports from Ukraine

For the sixth consecutive year, Ukraine recorded growth in overseas shipments of lithium-ion accumulators, which increased by 88% to X units in 2021. In general, exports saw significant growth. The growth pace was the most rapid in 2019 when exports increased by 91% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, lithium-ion accumulator exports reduced modestly to $X in 2021. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2019 when exports increased by 146% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020, and then contracted slightly in the following year.

Exports by Country

Moldova (X units) was the main destination for lithium-ion accumulator exports from Ukraine, accounting for a 31% share of total exports. Moreover, lithium-ion accumulator exports to Moldova exceeded the volume sent to the second major destination, Italy (X units), twofold. The third position in this ranking was held by Russia (X units), with a 10% share.

From 2014 to 2021, the average annual rate of growth in terms of volume to Moldova stood at +86.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+117.5% per year) and Russia (+95.6% per year).

In value terms, the largest markets for lithium-ion accumulator exported from Ukraine were Italy ($X), Moldova ($X) and the Czech Republic ($X), together accounting for 53% of total exports. Romania, Latvia, Poland, Slovakia, Lithuania, Russia, Georgia, Germany, Bosnia and Herzegovina and Hungary lagged somewhat behind, together accounting for a further 35%.

Lithuania, with a CAGR of +242.9%, 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

In 2021, the average lithium-ion accumulator export price amounted to $X per unit, shrinking by -48.2% against the previous year. In general, the export price recorded a abrupt curtailment. The pace of growth was the most pronounced in 2015 when the average export price increased by 80%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per unit), while the average price for exports to Russia ($X per unit) was amongst the lowest.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+31.2%), while the prices for the other major destinations experienced mixed trend patterns.

Lithium-Ion Accumulator Imports

Imports into Ukraine

In 2021, purchases abroad of lithium-ion accumulators decreased by -2.8% to X units, falling for the second consecutive year after six years of growth. In general, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2016 when imports increased by 206%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, lithium-ion accumulator imports soared to $X in 2021. Overall, imports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 84% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main lithium-ion accumulator supplier to Ukraine, with a approx. 98% share of total imports.

From 2014 to 2021, the average annual growth rate of volume from China stood at +35.4%.

In value terms, China ($X) constituted the largest supplier of lithium-ion accumulators to Ukraine.

From 2014 to 2021, the average annual rate of growth in terms of value from China stood at +44.3%.

Import Prices by Country

In 2021, the average lithium-ion accumulator import price amounted to $X per unit, jumping by 32% against the previous year. In general, the import price posted a pronounced expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 40% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to see gradual growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2014 to 2021, the rate of growth in terms of prices for China amounted to +6.6% per year.

Source: IndexBox Platform

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