Price for Electric accumulators; nickel-metal hydride, including separators, whether or not rectangular (including square) in China - 2023

Contents:

1. Price for Electric Accumulators; Nickel-Metal Hydride, Including Separators, Whether or Not Rectangular (Including Square) in China (FOB) - 2022
2. Price for Electric Accumulators; Nickel-Metal Hydride, Including Separators, Whether or Not Rectangular (Including Square) in China (CIF) - 2023
3. Exports of Electric Accumulators; Nickel-Metal Hydride, Including Separators, Whether or Not Rectangular (Including Square) in China
4. Imports of Electric Accumulators; Nickel-Metal Hydride, Including Separators, Whether or Not Rectangular (Including Square) in China

Price for Electric Accumulators; Nickel-Metal Hydride, Including Separators, Whether or Not Rectangular (Including Square) in China (FOB) - 2022

In 2022, the average export price for electric accumulators; nickel-metal hydride, including separators, whether or not rectangular (including square)s amounted to $1.3 per unit, jumping by 27% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for electric accumulators; nickel-metal hydride, including separators, whether or not rectangular (including square)s increased by +129.3% against 2015 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($2.6 per unit), while the average price for exports to Indonesia ($0.3 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 (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Electric Accumulators; Nickel-Metal Hydride, Including Separators, Whether or Not Rectangular (Including Square) in China (CIF) - 2023

The average import price for electric accumulators; nickel-metal hydride, including separators, whether or not rectangular (including square)s stood at $3.3 per unit in December 2023, increasing by 10% against the previous month. Overall, the import price, however, continues to indicate a abrupt slump. The most prominent rate of growth was recorded in January 2023 an increase of 123% m-o-m. As a result, import price attained the peak level of $16.4 per unit. From February 2023 to December 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Japan ($4.0 per unit), while the price for Germany amounted to $2.5 per unit.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+5.5%).

Exports of Electric Accumulators; Nickel-Metal Hydride, Including Separators, Whether or Not Rectangular (Including Square) in China

In 2022, overseas shipments of electric accumulators; nickel-metal hydride, including separators, whether or not rectangular (including square)s decreased by -3.4% to 427M units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 4.8%. The exports peaked at 442M units in 2021, and then shrank modestly in the following year.

In value terms, exports of electric accumulators; nickel-metal hydride, including separators, whether or not rectangular (including square)s skyrocketed to $553M in 2022. The total export value increased at an average annual rate of +12.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Electric Accumulators; Nickel-Metal Hydride, Including Separators, Whether or Not Rectangular (Including Square) from China in 2022:

1. Hong Kong SAR (126.2M units)
2. Germany (39.2M units)
3. United States (27.4M units)
4. Indonesia (23.7M units)
5. Malaysia (19.5M units)
6. Japan (18.2M units)
7. Russia (13.4M units)
8. Brazil (13.1M units)
9. India (12.9M units)
10. Netherlands (11.8M units)
11. Turkey (11.1M units)
12. Singapore (8.1M units)
13. Thailand (6.8M units)

Imports of Electric Accumulators; Nickel-Metal Hydride, Including Separators, Whether or Not Rectangular (Including Square) in China

After three years of growth, supplies from abroad of electric accumulators; nickel-metal hydride, including separators, whether or not rectangular (including square)s decreased by -92.1% to 5.1M units in 2022. Over the period under review, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 2,577% against the previous year. Over the period under review, imports of attained the maximum at 64M units in 2021, and then shrank significantly in the following year.

In value terms, imports of electric accumulators; nickel-metal hydride, including separators, whether or not rectangular (including square)s soared to $239M in 2022. Overall, imports, however, saw a significant increase. The growth pace was the most rapid in 2020 when imports increased by 39% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

Top Suppliers of Electric Accumulators; Nickel-Metal Hydride, Including Separators, Whether or Not Rectangular (Including Square) to China in 2022:

1. Japan (4.7M units)
2. Indonesia (0.2M units)

Source: IndexBox Market Intelligence Platform