Global Battery Market Report: U.S. Imports Hit Record $8.6B - IndexBox

·2 min read

The U.S. emerges as the world’s largest importer in the global electric battery market.

LOS ANGELES, Jan. 24, 2022 (GLOBE NEWSWIRE) -- According to a recent report by a market research firm IndexBox, in Q1-Q3 2021, electric accumulator imports into America totalled $8.6B, gaining 58% from the same period in 2020. This figure reflects total purchases of lead-acid, nickel-cadmium, nickel-metal hydride, nickel-iron, lithium-ion, lithium-polymer, and other electric batteries, as well as accumulator separators.

Shipments from China, the leading accumulator supplier to the U.S., spiked by 78% to $3.2B. Over the past decade, U.S. electric battery imports soared from $3B to $7.9B.

U.S. Electric Battery Imports by Country

In 2020, China ($2.4B), South Korea ($1.3B) and Mexico ($1.1B) were the largest accumulator suppliers to the U.S., with a combined 61% share of total imports. Japan, Vietnam and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 20%.

Top Largest Electric Battery Importers Worldwide

Global accumulator imports stood at $58.4B in 2020. The U.S. ($7.9B), Germany ($7.5B) and Hong Kong SAR ($3.5B) were the largest accumulator importing markets worldwide, with a combined 32% share of global supplies. China, Vietnam, South Korea, the Netherlands, Poland, Mexico, India, Hungary, Indonesia and Singapore lagged somewhat behind, accounting for a further 25%.

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Companies Mentioned in the Report

A123Systems, Akasol, AESC, BMZ, Bosch, Samsung, Hitachi, LG Chem, Panasonic, Sanyo, GS Yuasa, Frey New Energy, InoBat Auto, Octillion Power Systems, SK Innovation, Primearth EV Energy Co, OptimumNano Energy, Northvolt AB, Johnson Matthey Battery Systems, Electrovaya, Coslight India, E-One Moli Energy, Varta AG

Sources

U.S. - Electric Accumulators - Market Analysis, Forecast, Size, Trends and Insights
World - Electric Accumulators - Market Analysis, Forecast, Size, Trends and Insights
Northern America - Electric Accumulators - Market Analysis, Forecast, Size, Trends and Insights
China - Electric Accumulators - Market Analysis, Forecast, Size, Trends and Insights
Asia - Electric Accumulators - Market Analysis, Forecast, Size, Trends and Insights

CONTACT: Contact Information Mekhrona Dzhuraeva Editor media@indexbox.io