Africa's Lithium-Ion Accumulators Market: Growing Demand to Drive Market Volume to 32M Units by 2035, Reaching $1.2B in Value – IndexBox, Inc.

We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
IndexBox has just published a new report: Africa – Lithium-Ion Accumulators – Market Analysis, Forecast, Size, Trends And Insights.
The demand for lithium-ion accumulators in Africa is driving market growth, with a forecasted CAGR of +1.4% in volume and +3.8% in value from 2024 to 2035. By the end of 2035, the market is expected to reach 32M units and $1.2B in value.
Driven by increasing demand for lithium-ion accumulators in Africa, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.4% for the period from 2024 to 2035, which is projected to bring the market volume to 32M units by the end of 2035.
In value terms, the market is forecast to increase with an anticipated CAGR of +3.8% for the period from 2024 to 2035, which is projected to bring the market value to $1.2B (in nominal wholesale prices) by the end of 2035.
After six years of growth, consumption of lithium-ion accumulators decreased by -30.8% to 28M units in 2024. In general, consumption, however, saw a buoyant expansion. The volume of consumption peaked at 40M units in 2023, and then shrank dramatically in the following year.
The revenue of the lithium-ion accumulator market in Africa shrank rapidly to $784M in 2024, falling by -47.2% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a significant increase. The level of consumption peaked at $1.5B in 2023, and then declined markedly in the following year.
South Africa (12M units) remains the largest lithium-ion accumulator consuming country in Africa, accounting for 45% of total volume. Moreover, lithium-ion accumulator consumption in South Africa exceeded the figures recorded by the second-largest consumer, Democratic Republic of the Congo (2.1M units), sixfold. The third position in this ranking was taken by Nigeria (1.4M units), with a 5.1% share.
In South Africa, lithium-ion accumulator consumption expanded at an average annual rate of +21.7% over the period from 2013-2024. The remaining consuming countries recorded the following average annual rates of consumption growth: Democratic Republic of the Congo (+42.4% per year) and Nigeria (+98.9% per year).
In value terms, South Africa ($376M) led the market, alone. The second position in the ranking was held by Nigeria ($80M). It was followed by Egypt.
From 2013 to 2024, the average annual rate of growth in terms of value in South Africa totaled +28.9%. In the other countries, the average annual rates were as follows: Nigeria (+121.3% per year) and Egypt (+67.3% per year).
In 2024, the highest levels of lithium-ion accumulator per capita consumption was registered in Djibouti (1,011 units per 1000 persons), followed by South Africa (198 units per 1000 persons), Sierra Leone (140 units per 1000 persons) and Senegal (35 units per 1000 persons), while the world average per capita consumption of lithium-ion accumulator was estimated at 19 units per 1000 persons.
In Djibouti, lithium-ion accumulator per capita consumption increased at an average annual rate of +68.4% over the period from 2013-2024. In the other countries, the average annual rates were as follows: South Africa (+19.9% per year) and Sierra Leone (+38.8% per year).
In 2024, the amount of lithium-ion accumulators produced in Africa soared to 16K units, jumping by 50% against the previous year. Over the period under review, production enjoyed a strong increase. The volume of production peaked at 21K units in 2022; however, from 2023 to 2024, production failed to regain momentum.
In value terms, lithium-ion accumulator production surged to $601K in 2024 estimated in export price. Overall, production continues to indicate a resilient expansion. The level of production peaked at $801K in 2022; however, from 2023 to 2024, production failed to regain momentum.
The countries with the highest volumes of production in 2024 were Mozambique (9.5K units) and Central African Republic (6.2K units).
From 2013 to 2024, the biggest increases were recorded for Mozambique (with a CAGR of +33.1%).
In 2024, after six years of growth, there was significant decline in purchases abroad of lithium-ion accumulators, when their volume decreased by -30.1% to 28M units. In general, imports, however, saw strong growth. The pace of growth was the most pronounced in 2022 when imports increased by 87%. Over the period under review, imports attained the peak figure at 40M units in 2023, and then plummeted in the following year.
In value terms, lithium-ion accumulator imports contracted remarkably to $1B in 2024. Over the period under review, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2022 with an increase of 166% against the previous year. Over the period under review, imports reached the peak figure at $2.3B in 2023, and then declined sharply in the following year.
South Africa was the key importing country with an import of around 13M units, which finished at 45% of total imports. It was distantly followed by Democratic Republic of the Congo (2.1M units), Nigeria (1.4M units) and Egypt (1.3M units), together mixing up a 17% share of total imports. Sierra Leone (1,213K units), Djibouti (1,054K units), Ethiopia (922K units), Uganda (882K units), Cameroon (657K units) and Senegal (657K units) took a little share of total imports.
Imports into South Africa increased at an average annual rate of +21.8% from 2013 to 2024. At the same time, Uganda (+81.1%), Djibouti (+70.9%), Egypt (+70.4%), Nigeria (+64.3%), Cameroon (+58.1%), Democratic Republic of the Congo (+42.4%), Sierra Leone (+41.7%), Senegal (+40.3%) and Ethiopia (+34.0%) displayed positive paces of growth. Moreover, Uganda emerged as the fastest-growing importer imported in Africa, with a CAGR of +81.1% from 2013-2024. From 2013 to 2024, the share of South Africa, Democratic Republic of the Congo, Nigeria, Egypt, Sierra Leone, Djibouti, Uganda, Ethiopia, Cameroon and Senegal increased by +13, +6.6, +5, +4.5, +3.7, +3.7, +3.1, +2.4, +2.2 and +2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, South Africa ($522M) constitutes the largest market for imported lithium-ion accumulators in Africa, comprising 50% of total imports. The second position in the ranking was held by Nigeria ($105M), with a 10% share of total imports. It was followed by Egypt, with a 7.8% share.
From 2013 to 2024, the average annual rate of growth in terms of value in South Africa amounted to +44.6%. The remaining importing countries recorded the following average annual rates of imports growth: Nigeria (+90.7% per year) and Egypt (+77.9% per year).
In 2024, the import price in Africa amounted to $37 per unit, falling by -34.5% against the previous year. Over the period under review, the import price, however, posted a significant increase. The pace of growth appeared the most rapid in 2017 when the import price increased by 84%. Over the period under review, import prices attained the peak figure at $57 per unit in 2023, and then reduced sharply in the following year.
There were significant differences in the average prices amongst the major importing countries. In 2024, amid the top importers, the country with the highest price was Nigeria ($75 per unit), while Senegal ($3.4 per unit) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by Sierra Leone (+22.6%), while the other leaders experienced more modest paces of growth.
In 2024, lithium-ion accumulator exports in Africa soared to 508K units, growing by 71% compared with the previous year’s figure. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2017 when exports increased by 93% against the previous year. Over the period under review, the exports hit record highs in 2024 and are likely to see steady growth in the immediate term.
In value terms, lithium-ion accumulator exports soared to $106M in 2024. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2022 when exports increased by 186%. Over the period under review, the exports reached the maximum in 2024 and are expected to retain growth in the immediate term.
In 2024, South Africa (324K units) represented the main exporter of lithium-ion accumulators, committing 64% of total exports. It was distantly followed by Morocco (126K units), achieving a 25% share of total exports. The following exporters – Kenya (17K units), Mauritius (9.3K units) and Mozambique (8.9K units) – together made up 6.9% of total exports.
Exports from South Africa increased at an average annual rate of +33.6% from 2013 to 2024. At the same time, Mozambique (+85.1%), Morocco (+73.5%), Mauritius (+68.5%) and Kenya (+12.1%) displayed positive paces of growth. Moreover, Mozambique emerged as the fastest-growing exporter exported in Africa, with a CAGR of +85.1% from 2013-2024. From 2013 to 2024, the share of Morocco, South Africa, Mozambique and Mauritius increased by +25, +2.3, +1.8 and +1.7 percentage points, respectively.
In value terms, South Africa ($100M) remains the largest lithium-ion accumulator supplier in Africa, comprising 94% of total exports. The second position in the ranking was held by Morocco ($829K), with a 0.8% share of total exports. It was followed by Mozambique, with a 0.7% share.
From 2013 to 2024, the average annual growth rate of value in South Africa stood at +73.0%. In the other countries, the average annual rates were as follows: Morocco (+39.3% per year) and Mozambique (+77.4% per year).
In 2024, the export price in Africa amounted to $209 per unit, dropping by -4.4% against the previous year. Overall, the export price, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2022 an increase of 133% against the previous year. Over the period under review, the export prices reached the maximum at $219 per unit in 2023, and then fell slightly in the following year.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Africa ($308 per unit), while Morocco ($6.6 per unit) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by South Africa (+29.4%), while the other leaders experienced mixed trends in the export price figures.
Source: IndexBox Market Intelligence Platform
This report provides an in-depth analysis of the lithium-ion accumulator market in Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Importers on The Market and How They Succeed
The Largest Exporters on The Market and How They Succeed
The Largest Producers on The Market and Their Profiles
The Largest Markets And Their Profiles
North America
IndexBox, Inc.
440 N Barranca Ave #6008
Covina 91723 CA, US
Europe
IndexBox S.a r.l.
29, Boulevard Grande-Duchesse Charlotte
L-1331 Luxembourg LU
MENA Partner
Smart mission_ المهمة الذكية
Yanbouh, Qurtubah
Riyadh 13248
Saudi Arabia
Contact us
© 2025 IndexBox, Inc

source

About The Author

admin

See author's posts