Lithium battery export price analysis

Which countries export lithium-ion batteries in 2021?

In 2021, China exported lithium-ion batteries to more than two hundred countries and regions worldwide. The publisher's analysis shows that Hong Kong SAR, Vietnam, India, the United States, South Korea, Germany, Poland, Malaysia, Hungary and Taiwan are China's major lithium-ion battery export destinations by export volume.

Is China's Lithium-ion battery export market a bright future?

China is the world's leading producer and exporter of lithium-ion batteries. With the development of new industries such as electric vehicles worldwide, the publisher expects that China's lithium-ion battery export market has a bright future. Topics covered:

What is the global demand for lithium-ion batteries?

As downstream applications continue to expand, the global market demand for lithium-ion batteries continues to rise. According to the publisher's analysis, China is the world's leading producer and exporter of lithium-ion batteries, exporting large quantities of lithium-ion batteries every year.

How much does a battery cost in China?

Indeed, the average global per-kilogram export price of China’s lithium-ion batteries fell from $32.9 in 2020 to $20.1 in 2024. Remarkably, Chinese per-kilogram battery export prices to the United States are the lowest in the world—only continental Latin America even comes close. Tariffs don’t seem to be playing a major role.

Are battery exports increasing or decreasing in China?

Chinese trade data shows that battery exports by weight have increased year-over-year, while their export value has declined. In 2024, the United States imported 923,000 tons, slightly less than the EU’s 938,000 tons. However, comparing volumes has limitations since batteries vary widely in function and are not interchangeable commodities.

Where are lithium batteries made?

Source: JRC analysis. The supply 1 of each processed raw material and components for batteries is currently controlled by an oligopoly industry, which is highly concentrated in China. Although China is expected to continue holding a dominant position, geographic diversification will increase on the supply side, mostly for refined lithium.