Bangladesh: Market for Primary Cells And Primary Batteries 2024

Market Size for Primary Cells And Primary Batteries in Bangladesh

The Bangladeshi market for primary cells and primary batteries reduced to $X in 2022, with a decrease of -7.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate a significant expansion. Over the period under review, the market hit record highs at $X in 2021, and then reduced in the following year.

Exports of Primary Cells And Primary Batteries

Exports from Bangladesh

Primary cells and primary batteries exports from Bangladesh skyrocketed to X units in 2022, surging by 389% against the year before. In general, exports recorded a perceptible increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,194% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, primary cells and primary batteries exports expanded sharply to $X in 2022. Over the period under review, exports continue to indicate a resilient expansion. The growth pace was the most rapid in 2017 with an increase of 398% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Switzerland (X units) was the main destination for primary cells and primary batteries exports from Bangladesh, with a 59% share of total exports. Moreover, primary cells and primary batteries exports to Switzerland exceeded the volume sent to the second major destination, Canada (X units), threefold. The third position in this ranking was held by Germany (X units), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Switzerland totaled +98.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+259.2% per year) and Germany (+71.0% per year).

In value terms, Cote d'Ivoire ($X) remains the key foreign market for primary cells and primary batteries exports from Bangladesh, comprising 44% of total exports. The second position in the ranking was held by Switzerland ($X), with a 21% share of total exports. It was followed by Canada, with an 8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Cote d'Ivoire amounted to +69.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+67.9% per year) and Canada (+930.0% per year).

Export Prices by Country

In 2022, the average export price for primary cells and primary batteries amounted to $X per unit, declining by -76.9% against the previous year. In general, the export price, however, continues to indicate a remarkable increase. The most prominent rate of growth was recorded in 2015 an increase of 1,208%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while the average price for exports to Bahrain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+189.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Primary Cells And Primary Batteries

Imports into Bangladesh

Primary cells and primary batteries imports into Bangladesh declined modestly to X units in 2022, with a decrease of -3.1% on 2021. Overall, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 177% against the previous year. Imports peaked at X units in 2021, and then reduced modestly in the following year.

In value terms, primary cells and primary batteries imports dropped to $X in 2022. Over the period under review, imports, however, saw a strong increase. The growth pace was the most rapid in 2016 when imports increased by 106%. Over the period under review, imports hit record highs at $X in 2021, and then contracted in the following year.

Imports by Country

In 2022, China (X units) was the main supplier of primary cells and primary batteries to Bangladesh, accounting for a 98% share of total imports. It was followed by Singapore (X units), with a 1.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +53.3%.

In value terms, China ($X) constituted the largest supplier of primary cells and primary batteries to Bangladesh, comprising 81% of total imports. The second position in the ranking was held by Singapore ($X), with a 3.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +27.0%.

Import Prices by Country

In 2022, the average import price for primary cells and primary batteries amounted to $X per unit, dropping by -12.2% against the previous year. Overall, the import price faced a abrupt descent. The growth pace was the most rapid in 2020 when the average import price increased by 23% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (-4.0%).

Source: IndexBox Platform

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