ASEAN: Market for Primary Cells and Batteries 2024

Market Size for Primary Cells and Batteries in ASEAN

The ASEAN primary cell and battery market rose modestly to $X in 2022, with an increase of 3.9% against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Production of Primary Cells and Batteries in ASEAN

In value terms, primary cell and battery production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when the production volume increased by 61% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a somewhat lower figure.

Exports of Primary Cells and Batteries

Exports in ASEAN

In 2022, after two years of growth, there was significant decline in shipments abroad of primary cells and batteries, when their volume decreased by -14.3% to X units. Total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +32.6% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 37% against the previous year. As a result, the exports reached the peak of X units, and then reduced in the following year.

In value terms, primary cell and battery exports shrank slightly to $X in 2022. The total export value increased at an average annual rate of +3.0% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by 28% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In value terms, Singapore ($X), Indonesia ($X) and Malaysia ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 88% share of total exports.

Malaysia, with a CAGR of +5.2%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, increasing by 14% against the previous year. Overall, the export price, however, showed a noticeable reduction. The most prominent rate of growth was recorded in 2017 when the export price increased by 24% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+1.5%), while the other leaders experienced mixed trends in the export price figures.

Imports of Primary Cells and Batteries

Imports in ASEAN

In 2022, supplies from abroad of primary cells and batteries decreased by -7.5% to X units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 21% against the previous year. The volume of import peaked at X units in 2021, and then reduced in the following year.

In value terms, primary cell and battery imports dropped modestly to $X in 2022. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by 18% against the previous year. The level of import peaked at $X in 2021, and then contracted in the following year.

Imports by Country

The countries with the highest levels of primary cell and battery imports in 2022 were Malaysia (X units), Vietnam (X units), Singapore (X units) and Thailand (X units), together accounting for 83% of total import. Indonesia (X units) ranks next in terms of the total imports with a 9.6% share, followed by the Philippines (4.8%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of +19.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest primary cell and battery importing markets in ASEAN were Malaysia ($X), Vietnam ($X) and Singapore ($X), together comprising 81% of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of +19.9%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, growing by 4.3% against the previous year. In general, the import price, however, recorded a mild setback. The pace of growth was the most pronounced in 2018 an increase of 8% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform