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

Contents:

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

Price for Electric Accumulators; Nickel-Metal Hydride, Including Separators, Whether or Not Rectangular (Including Square) in Hong Kong SAR (FOB) - 2023

In October 2023, the average export price for electric accumulators; nickel-metal hydride, including separators, whether or not rectangular (including square)s amounted to $1.1 per unit, remaining constant against the previous month. Over the period under review, the export price, however, showed a perceptible setback. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 66% month-to-month. As a result, the export price reached the peak level of $2.7 per unit. From January 2023 to October 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was the United States ($5.5 per unit), while the average price for exports to Indonesia ($367 per thousand units) was amongst the lowest.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+14.1%), 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 Hong Kong SAR (CIF) - 2023

In October 2023, the average import price for electric accumulators; nickel-metal hydride, including separators, whether or not rectangular (including square)s amounted to $773 per thousand units, surging by 23% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 29% month-to-month. As a result, import price reached the peak level of $1.1 per unit. From February 2023 to October 2023, the average import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In October 2023, the country with the highest price was Japan ($1.1 per unit), while the price for China amounted to $753 per thousand units.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (-0.3%).

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

In 2022, shipments abroad of electric accumulators; nickel-metal hydride, including separators, whether or not rectangular (including square)s decreased by -46.6% to 93M units for the first time since 2018, thus ending a three-year rising trend. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2020 when exports increased by 7.3% against the previous year. Over the period under review, the exports of attained the maximum at 174M units in 2021, and then reduced markedly in the following year.

In value terms, exports of electric accumulators; nickel-metal hydride, including separators, whether or not rectangular (including square)s declined remarkably to $134M in 2022. In general, exports showed a perceptible downturn. The growth pace was the most rapid in 2021 with an increase of 10%. As a result, the exports attained the peak of $179M, and then shrank notably in the following year.

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

1. Poland (18.8M units)
2. Germany (17.5M units)
3. China (10.4M units)
4. Sweden (5.7M units)
5. United States (5.3M units)
6. Malaysia (3.9M units)
7. Singapore (3.8M units)
8. Netherlands (3.7M units)
9. Indonesia (3.6M units)
10. United Kingdom (2.2M units)
11. France (2.1M units)
12. Philippines (2.0M units)
13. Japan (1.4M units)

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

For the third year in a row, Hong Kong SAR recorded decline in supplies from abroad of electric accumulators; nickel-metal hydride, including separators, whether or not rectangular (including square)s, which decreased by -26.4% to 161M units in 2022. Overall, imports continue to indicate a deep reduction. The smallest decline of -7.2% was in 2020. Over the period under review, imports of reached the maximum at 258M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of electric accumulators; nickel-metal hydride, including separators, whether or not rectangular (including square)s reduced sharply to $129M in 2022. Over the period under review, imports saw a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 5.2% against the previous year. As a result, imports attained the peak of $161M, and then dropped notably in the following year.

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

1. China (155.2M units)
2. Japan (4.2M units)

Source: IndexBox Market Intelligence Platform