INDUSTRY RISES AGAINST DANGERS OF ROGUE LITHIUM SHIPMENTS
The STAT Trade Times|January 2020
As the threat of mis-declared or ill-packaged shipments carrying lithium batteries looms large, the aviation industry is joining forces to fight the menace. As e-commerce and demand for cleaner technology grows, the demand for lithium batteries is also seeing an upward trend. It’s time this industry affair got more attention to make aviation safer.
Blessy Chettiar
INDUSTRY RISES AGAINST DANGERS OF ROGUE LITHIUM SHIPMENTS

The difference between the words compliant and complaint is not just the placement of two alphabets. When compliance is compromised, complaints over security become inevitable. That safety is aviation’s top priority is stating an obvious fact. What is not obvious though is the threat to this safety brought about by the rising of rogue shipping incidents.

Surge of e-commerce and China

As the e-commerce surge continues, off-late, these rogue shipping incidents have been caused by mis-declared and undeclared shipments involving lithium-ion batteries.

According to business data platform Statista, in 2018, the shipment volume of lithium-ion batteries in China amounted to approximately 65 gigawatt hours, an increase from around 44.5 gigawatt hours in the previous year. It is forecasted that by 2024, the market size of lithium-ion batteries in China will reach approximately 150 billion yuan. While according to market research institute eMarketer, by 2023, retail e-commerce sales would represent 63.9 percent of total retail sales in China.

According to the International Air Transport Association (IATA), the market for lithium-ion battery is expected to register a compound annual growth rate (CAGR) of approximately 22 percent annually during the forecast period 2019-2024. This growth is propelled due to the increasing sale of consumer electronics and declining lithium-ion battery prices.

According to market research and strategy consulting firm Global Market Insights, the lithium ion battery market was valued over US$ 33 billion in 2018 and is anticipated to expand over 11 percent to US$ 73 billion by 2025.

This story is from the January 2020 edition of The STAT Trade Times.

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This story is from the January 2020 edition of The STAT Trade Times.

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