ECOWAS: Market for Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators 2024

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

Exports in ECOWAS

In 2022, approx. X units of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators were exported in ECOWAS; growing by X% on the previous year's figure. Overall, exports showed significant growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, nickel and lithium accumulators exports surged to $X in 2022. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2013 when exports increased by X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

Togo prevails in exports structure, reaching X units, which was approx. X% of total exports in 2022. The following exporters - Burkina Faso (X units), Cote d'Ivoire (X units) and Ghana (X units) - each resulted at a X% share of total exports.

Togo was also the fastest-growing in terms of the nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators exports, with a CAGR of X% from 2012 to 2022. At the same time, Burkina Faso (X%), Cote d'Ivoire (X%) and Ghana (X%) displayed positive paces of growth. Togo (X p.p.) significantly strengthened its position in terms of the total exports, while Ghana, Burkina Faso and Cote d'Ivoire saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Togo ($X) remains the largest nickel and lithium accumulators supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with an X% share of total exports. It was followed by Burkina Faso, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Togo stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Cote d'Ivoire (X% per year) and Burkina Faso (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, waning by X% against the previous year. In general, the export price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2019 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while Togo ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (X%), while the other leaders experienced mixed trends in the export price figures.

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

Imports in ECOWAS

In 2022, nickel and lithium accumulators imports in ECOWAS surged to X units, with an increase of X% against the previous year's figure. Over the period under review, imports posted a buoyant increase. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, nickel and lithium accumulators imports surged to $X in 2022. Overall, imports showed buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

The countries with the highest levels of nickel and lithium accumulators imports in 2022 were Nigeria (X units), Cote d'Ivoire (X units) and Ghana (X units), together amounting to X% of total import. Sierra Leone (X units) held the next position in the ranking, followed by Guinea (X units) and Burkina Faso (X units). All these countries together took near X% share of total imports. Senegal (X units) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Sierra Leone (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X) constitutes the largest market for imported nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Burkina Faso, with an X% share.

In Nigeria, nickel and lithium accumulators imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Burkina Faso (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per unit, waning by X% against the previous year. Overall, the import price recorded a mild shrinkage. The pace of growth was the most pronounced in 2015 when the import price increased by X%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Burkina Faso ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Burkina Faso (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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