U.S. Storage Battery Market. Analysis And Forecast to 2030
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View PricingStorage Battery Price in US Drops 10% to $20.8 per Unit
U.S. Storage Battery Import Price in March 2023
In March 2023, the storage battery price amounted to $20.8 per unit (CIF, US), dropping by -9.9% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 28% month-to-month. As a result, import price reached the peak level of $25,972 per thousand units. From February 2023 to March 2023, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2023, the country with the highest price was Mexico ($33.5 per unit), while the price for Malaysia ($10.0 per unit) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+2.2%), while the prices for the other major suppliers experienced mixed trend patterns.
| COUNTRY | Import Price of Storage Battery in U.S. (USD per unit) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | |
| Mexico | 35.0 | 34.7 | 32.2 | 34.0 | 33.7 | 35.2 | 31.2 | 33.7 | 32.8 | 33.1 | 30.7 | 33.5 | 33.5 |
| China | 29.1 | 25.4 | 32.0 | 24.5 | 26.9 | 32.9 | 27.8 | 28.5 | 35.8 | 27.5 | 36.1 | 34.6 | 28.1 |
| Vietnam | 19.6 | 21.9 | 17.1 | 23.4 | 19.4 | 20.4 | 21.8 | 16.1 | 18.8 | 17.3 | 21.9 | 23.7 | 25.5 |
| Japan | 14.9 | 15.5 | 15.0 | 11.1 | 14.6 | 13.2 | 15.4 | 15.1 | 8.5 | 10.3 | 13.1 | 13.7 | 12.7 |
| South Korea | 11.6 | 10.4 | 9.0 | 11.7 | 15.0 | 12.5 | 12.0 | 12.0 | 12.7 | 15.3 | 15.7 | 11.3 | 10.9 |
| Malaysia | 8.2 | 3.8 | 5.9 | 5.8 | 8.7 | 9.7 | 8.7 | 15.5 | 12.1 | 10.4 | 10.4 | 9.7 | 10.0 |
| Average | 20.7 | 18.3 | 19.4 | 18.6 | 22.2 | 22.6 | 20.7 | 21.3 | 20.4 | 20.3 | 26.0 | 23.1 | 20.8 |
U.S. Storage Battery Imports
In March 2023, supplies from abroad of storage batteries was finally on the rise to reach 115M units after three months of decline. The total import volume increased at an average monthly rate of +2.8% over the period from March 2022 to March 2023; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain months. The most prominent rate of growth was recorded in November 2022 with an increase of 18% against the previous month. As a result, imports attained the peak of 118M units. From December 2022 to March 2023, the growth of imports remained at a lower figure.
In value terms, storage battery imports expanded to $2.4B (IndexBox estimates) in March 2023. The total import value increased at an average monthly rate of +2.8% from March 2022 to March 2023; the trend pattern indicated some noticeable fluctuations being recorded in certain months. The most prominent rate of growth was recorded in January 2023 when imports increased by 28% month-to-month. As a result, imports attained the peak of $2.9B. From February 2023 to March 2023, the growth of imports remained at a somewhat lower figure.
U.S. Storage Battery Imports by Country
China (42M units), South Korea (30M units) and Japan (24M units) were the main suppliers of storage battery imports to the United States, together comprising 84% of total imports. Malaysia, Mexico and Vietnam lagged somewhat behind, together comprising a further 12%.
From March 2022 to March 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +7.1%), while imports for the other leaders experienced more modest paces of growth.
In value terms, China ($1.2B) constituted the largest supplier of storage battery to the United States, comprising 49% of total imports. The second position in the ranking was taken by South Korea ($328M), with a 14% share of total imports. It was followed by Japan, with a 13% share.
From March 2022 to March 2023, the average monthly growth rate of value from China amounted to +4.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: South Korea (+1.2% per month) and Japan (+1.5% per month).
This report provides an in-depth analysis of the storage 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 335911 - Storage battery manufacturing
Companies mentioned:
- Exide Technologies
- Enersys
- Ultralife Corporation
- B456 Systems
- Polypore International
- Eaglepicher Technologies
- Crown Battery Manufacturing Company
- Trojan Battery Company
- Energizer Battery Manufacturing
- Robert Bosch Battery Systems
- Tfi
- Bren-Tronics
- Valence Technology
- Enerdel
- Saft America
- Hrg Group
- Enersys Energy Products
- Superior Battery Manufacturing Company
- Ener1
- Mathews Associates
- Xalt Energy
- Panasonic Energy Corporation of America, Greatbatch
- Arotech Corporation
- Duracell International
- Enersys Delaware
- A & A Manufacturing Company
- Duracell
- Energizer Battery
- Ascent Batteries International
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
