Vietnam: Lithium-Ion Accumulator Market 2024

Lithium-Ion Accumulator Market Size in Vietnam

After four years of growth, the Vietnamese lithium-ion accumulator market decreased by X% to $X in 2022. Overall, consumption, however, showed a buoyant expansion. Over the period under review, the market reached the peak level at $X in 2021, and then dropped in the following year.

Lithium-Ion Accumulator Production in Vietnam

In value terms, lithium-ion accumulator production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, faced a significant curtailment. The most prominent rate of growth was recorded in 2013 when the production volume decreased by X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Lithium-Ion Accumulator Exports

Exports from Vietnam

In 2022, overseas shipments of lithium-ion accumulators increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in years to come.

In value terms, lithium-ion accumulator exports soared to $X in 2022. In general, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for lithium-ion accumulator exports from Vietnam, accounting for a X% share of total exports. Moreover, lithium-ion accumulator exports to the United States exceeded the volume sent to the second major destination, China (X units), threefold. Romania (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Romania (X% per year).

In value terms, the United States ($X) emerged as the key foreign market for lithium-ion accumulators exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by China ($X), with an X% share of total exports. It was followed by Romania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Romania (X% per year).

Export Prices by Country

In 2022, the average lithium-ion accumulator export price amounted to $X per unit, waning by X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Romania ($X per unit) and India ($X per unit), while the average price for exports to South Korea ($X per unit) and Italy ($X per unit) were amongst the lowest.

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

Lithium-Ion Accumulator Imports

Imports into Vietnam

In 2022, the amount of lithium-ion accumulators imported into Vietnam expanded notably to X units, picking up by X% compared with the previous year. In general, imports recorded a significant expansion. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, lithium-ion accumulator imports totaled $X in 2022. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of lithium-ion accumulator to Vietnam, accounting for a X% share of total imports. Moreover, lithium-ion accumulator imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), sixfold. Hong Kong SAR (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 stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Hong Kong SAR (X% per year).

In value terms, China ($X) constituted the largest supplier of lithium-ion accumulators to Vietnam, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Hong Kong SAR, 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 Hong Kong SAR (X% per year).

Import Prices by Country

The average lithium-ion accumulator import price stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the import price showed a abrupt decrease. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Malaysia ($X per unit) and Hong Kong SAR ($X per unit), while the price for China ($X per unit) and South Korea ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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