Listed companies in the lithium battery cathode material industry: Guanghua Technology (002741), Xiamen Tungsten Industry (600549), Shanshan Co., Ltd. (600884), Rongbai Technology (688005), Keheng Co., Ltd. (300340), Dangsheng Technology (300073), Long-term Lithium Branch (688779), Zhenhua New Materials (688707), Defang Nano (300769), Bertray (835185), Huayou Cobalt (603799), Guoxuan Hi-Tech (002704), etc.
The core data of this article: lithium iron phosphate market share, production and sales, price trend, competition pattern, etc.
Market share: The market share is increasing year by year
From the perspective of China's lithium battery cathode material shipment structure, from 2019 to 2021, the proportion of lithium iron phosphate increased by 3 percentage points to 25%. The significant increase in the market share of lithium iron phosphate is mainly due to: first, lithium iron phosphate has a lower cost, and the overall cost performance is relatively obvious; at the same time, since 2019, mainstream battery companies represented by CATL, BYD, GOTION, and MANLY BATTERY have developed With the development of CTP, blade, and JTM technology, the energy density of lithium iron phosphate batteries has been improved to a certain extent; secondly, compared with other cathode materials such as ternary materials, lithium iron phosphate has higher safety.
Supply side: Lithium iron phosphate production fluctuates up
According to statistics from Xinyu Information, from 2016 to 2020, the output of lithium iron phosphate in my country was relatively fluctuating, but the overall trend was on the rise. In 2020, my country's lithium iron phosphate output was 142,000 tons, a year-on-year increase of 46.4%.
Demand side: rapid growth of lithium iron phosphate sales
From 2016 to 2020, my country's lithium iron phosphate sales continued to rise. In 2020, the sales volume of lithium iron phosphate in my country was 124,000 tons, a year-on-year increase of 40.9%.
Price trend: Lithium iron phosphate market prices will rise rapidly in 2021
From 2020 to the beginning of 2021, the price of lithium iron phosphate in my country is relatively stable, and the price of lithium iron phosphate is around 37,000 yuan / ton. 53,000 yuan / ton soared to 73,700 yuan / ton, the price rose 39.06% in the month.
As of December 22, 2021, the price of lithium iron phosphate was as high as 96,910 yuan/ton. In November 2021, the price growth rate of lithium iron phosphate was 140.43% year-on-year, and the growth rate was extremely optimistic.
Competitive landscape analysis: Lithium iron phosphate market competition is fierce, CR5 is as high as 87%
The main producers of lithium iron phosphate in my country are Hunan Yuneng, Defang Nano, Hubei Wanrun, Beitray, Chongqing Terui, Peking University Xianxing, etc. According to the prospectus data of Hunan Yuneng, in 2020, Hunan Yuneng and Defang Nano The market share of the company is 25% and 24% respectively, followed by Hubei Wanrun and Beterui, with a market share of 17% and 14%.
On the whole, the market share of lithium iron phosphate has increased year by year, forming a "double dragon playing pearl" competition with ternary materials. In 2020, both supply and demand will grow rapidly, driving the price of lithium iron phosphate products to rise at a high level, and the industry competition is fierce. , in the future, it will continue to compete with ternary materials, maintain its leading position in the industry, and have a good development prospect in the industry.
Shenzhen Manly Battery Co.,Ltd specializes in the production of energy storage batteries, electric vehicle batteries, artificial intelligence batteries, AI robot batteries, 5G base station batteries, etc. Contact: sales@manlybatteries.com
