U.S. Primary Battery Market. Analysis And Forecast to 2030
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View PricingU.S. Primary Battery Price Soars 21% to $297 per Thousand Units
U.S. Primary Battery Import Price in January 2023
In January 2023, the primary battery price stood at $297 per thousand units (CIF, US), rising by 21% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.8%. The most prominent rate of growth was recorded in February 2022 when the average import price increased by 25% against the previous month. Over the period under review, average import prices reached the maximum in January 2023.
There were significant differences in the average prices amongst the major supplying countries. In January 2023, the country with the highest price was Malaysia ($482 per thousand units), while the price for Vietnam ($142 per thousand units) was amongst the lowest.
From January 2022 to January 2023, the most notable rate of growth in terms of prices was attained by Singapore (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
U.S. Primary Battery Imports
In January 2023, approximately 374M units of primary batteries were imported into the United States; increasing by 9.4% against the month before. Over the period under review, imports, however, saw a perceptible curtailment. The pace of growth appeared the most rapid in March 2022 with an increase of 67% against the previous month. Imports peaked at 495M units in January 2022; however, from February 2022 to January 2023, imports remained at a lower figure.
In value terms, primary battery imports soared to $111M (IndexBox estimates) in January 2023. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2022 when imports increased by 51% month-to-month. Imports peaked in January 2023.
U.S. Primary Battery Imports by Country
In January 2023, China (199M units) constituted the largest primary battery supplier to the United States, with a 53% share of total imports. Moreover, primary battery imports from China exceeded the figures recorded by the second-largest supplier, Singapore (67M units), threefold. Indonesia (42M units) ranked third in terms of total imports with an 11% share.
From January 2022 to January 2023, the average monthly growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Singapore (-2.5% per month) and Indonesia (-6.1% per month).
In value terms, the largest primary battery suppliers to the United States were China ($32M), Singapore ($31M) and Japan ($8.7M), together accounting for 64% of total imports. These countries were followed by Indonesia, Malaysia, Vietnam and Belgium, which together accounted for a further 12%.
Vietnam, with a CAGR of +8.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Primary Battery Prices Skyrocket Due to Rising Raw Material Costs and Increased Demand for Clean Energy Storage
The unprecedented price increase in prices can be attributed to a variety of factors, including the rising costs of producing primary batteries, the limited availability of raw materials, and the increased demand for these batteries.
The key factor behind the soaring prices of primary batteries is the increasing cost of raw materials. Many of the materials used to manufacture these batteries, such as lead and zinc, have experienced significant price increases in recent months due to supply chain disruptions.
The price of primary batteries is also affected by changes in the global energy market. As the world shifts away from fossil fuels and towards clean energy, the demand for batteries that can store and distribute renewable energy has increased. This shift in demand has put additional pressure on primary battery manufacturers to increase their production, which is contributing to higher prices.
This report provides an in-depth analysis of the primary battery market in the U.S.. 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.
Product coverage:
- NAICS 335912 - Primary battery manufacturing
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
