Belgium: Market for Primary Cells And Primary Batteries 2024

Market Size for Primary Cells And Primary Batteries in Belgium

For the third year in a row, the Belgian market for primary cells and primary batteries recorded growth in sales value, which increased by 276% to $X in 2022. Overall, consumption continues to indicate significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Primary Cells And Primary Batteries in Belgium

In value terms, primary cells and primary batteries production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 166% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Exports of Primary Cells And Primary Batteries

Exports from Belgium

In 2022, overseas shipments of primary cells and primary batteries decreased by -55.9% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2020 when exports increased by 140%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, primary cells and primary batteries exports declined dramatically to $X in 2022. In general, exports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 169% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), Germany (X units) and the Netherlands (X units) were the main destinations of primary cells and primary batteries exports from Belgium, together accounting for 46% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +19.1%), while the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), the United States ($X) and the Netherlands ($X) were the largest markets for primary cells and primary batteries exported from Belgium worldwide, with a combined 43% share of total exports.

The United States, with a CAGR of +14.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average export price for primary cells and primary batteries amounted to $X per unit, waning by -11.7% against the previous year. Over the period under review, the export price showed a noticeable decrease. The growth pace was the most rapid in 2013 when the average export price increased by 16%. Over the period under review, the average export prices reached the maximum 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 destination: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Poland ($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 Italy (-0.9%), while the prices for the other major destinations experienced a decline.

Imports of Primary Cells And Primary Batteries

Imports into Belgium

In 2022, after three years of growth, there was significant decline in purchases abroad of primary cells and primary batteries, when their volume decreased by -58.5% to X units. Over the period under review, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2020 when imports increased by 93% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, primary cells and primary batteries imports dropped notably to $X in 2022. Overall, imports recorded a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 164%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Poland (X units) constituted the largest primary cells and primary batteries supplier to Belgium, with a 77% share of total imports. Moreover, primary cells and primary batteries imports from Poland exceeded the figures recorded by the second-largest supplier, China (X units), ninefold. The third position in this ranking was taken by Germany (X units), with a 6.6% share.

From 2012 to 2022, the average annual growth rate of volume from Poland amounted to +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.9% per year) and Germany (-7.0% per year).

In value terms, Poland ($X), the Netherlands ($X) and Germany ($X) appeared to be the largest primary cells and primary batteries suppliers to Belgium, with a combined 80% share of total imports.

Poland, with a CAGR of +12.4%, recorded 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 mixed trend patterns.

Import Prices by Country

In 2022, the average import price for primary cells and primary batteries amounted to $X per unit, declining by -10.2% against the previous year. In general, the import price saw a mild decrease. The pace of growth was the most pronounced in 2020 an increase of 37% against the previous year. Over the period under review, average import prices reached the peak figure 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 Spain ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+23.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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