Turkey Lithium Battery Market 2023

Lithium Battery Market Size in Turkey In 2021, the Turkish lithium battery market increased by 8.9% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +19.9% against 2019 indices.

Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the near future. Lithium Battery Exports Exports from Turkey For the third year in a row, Turkey recorded growth in shipments abroad of lithium cells ans batteries, which increased by 154% to X tons in 2021.

Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term. In value terms, lithium battery exports skyrocketed to $X in 2021. Over the period under review, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term. Exports by Country Iran (X tons), Syrian Arab Republic (X tons) and Cyprus (X tons) were the main destinations of lithium battery exports from Turkey, with a combined 68% share of total exports. These countries were followed by Iraq, Serbia, China and Azerbaijan, which together accounted for a further 19%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +461.6%), while shipments for the other leaders experienced more modest paces of growth. In value terms, Iran ($X) remains the key foreign market for lithium cells ans batteries exports from Turkey, comprising 36% of total exports. The second position in the ranking was held by China ($X), with a 7.8% share of total exports. It was followed by Cyprus, with a 6.6% share. From 2012 to 2021, the average annual growth rate of value to Iran amounted to +31.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+423.4% per year) and Cyprus (+21.7% per year). Export Prices by Country The average lithium battery export price stood at $X per ton in 2021, falling by -11.5% against the previous year.

Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 94% against the previous year. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure. Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Syrian Arab Republic ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+11.7%), while the prices for the other major destinations experienced more modest paces of growth. Lithium Battery Imports Imports into Turkey In 2021, overseas purchases of lithium cells ans batteries increased by 15% to X tons, rising for the second consecutive year after two years of decline. In general, imports posted prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 46% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come. In value terms, lithium battery imports skyrocketed to $X in 2021.

Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term. Imports by Country In 2021, China (X tons) constituted the largest supplier of lithium battery to Turkey, accounting for a 83% share of total imports. Moreover, lithium battery imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold. The third position in this ranking was held by the United States (X tons), with a 3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+8.7% per year) and the United States (+5.7% per year). In value terms, China ($X) constituted the largest supplier of lithium cells ans batteries to Turkey, comprising 56% of total imports. The second position in the ranking was held by the United States ($X), with a 15% share of total imports. It was followed by France, with a 5.4% share. From 2012 to 2021, the average annual growth rate of value from China amounted to +7.4%.

The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+17.1% per year) and France (+19.5% per year). Import Prices by Country The average lithium battery import price stood at $X per ton in 2021, growing by 23% against the previous year. Overall, the import price, however, showed a mild shrinkage. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure. Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest. From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth. Please mention the