Canada: Market for Primary Cells and Batteries 2024

Market Size for Primary Cells and Batteries in Canada

The Canadian primary cell and battery market reached $X in 2022, growing by 11% against the previous year. Over the period under review, consumption, however, showed a mild reduction. Primary cell and battery consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Primary Cells and Batteries in Canada

In value terms, primary cell and battery production expanded sharply to $X in 2022 estimated in export price. Over the period under review, production, however, showed a mild decline. The pace of growth appeared the most rapid in 2020 with an increase of 55% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Primary Cells and Batteries

Exports from Canada

In 2022, approx. X units of primary cells and batteries were exported from Canada; increasing by 107% compared with 2021. Over the period under review, exports recorded buoyant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, primary cell and battery exports surged to $X in 2022. Overall, exports, however, continue to indicate a perceptible decline. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for primary cell and battery exports from Canada, accounting for a 87% share of total exports. Moreover, primary cell and battery exports to the United States exceeded the volume sent to the second major destination, Colombia (X units), more than tenfold. India (X units) ranked third in terms of total exports with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +19.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+106.8% per year) and India (+59.0% per year).

In value terms, the United States ($X) remains the key foreign market for primary cells and batteries exports from Canada, comprising 78% of total exports. The second position in the ranking was taken by Colombia ($X), with a 1.6% share of total exports. It was followed by Guatemala, with a 0.6% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+25.6% per year) and Guatemala (+164.3% per year).

Export Prices by Country

In 2022, the average primary cell and battery export price amounted to $X per unit, waning by -34.5% against the previous year. In general, the export price faced a abrupt decrease. The growth pace was the most rapid in 2018 when the average export price increased by 12%. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to India ($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 France (-3.9%), while the prices for the other major destinations experienced a decline.

Imports of Primary Cells and Batteries

Imports into Canada

In 2022, the amount of primary cells and batteries imported into Canada surged to X units, with an increase of 15% against 2021. The total import volume increased at an average annual rate of +1.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 28%. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, primary cell and battery imports surged to $X in 2022. The total import value increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of primary cell and battery to Canada, with a 50% share of total imports. Moreover, primary cell and battery imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by Singapore (X units), with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.4% per year) and Singapore (+76.7% per year).

In value terms, the largest primary cell and battery suppliers to Canada were the United States ($X), China ($X) and Singapore ($X), together accounting for 71% of total imports.

Among the main suppliers, Singapore, with a CAGR of +44.6%, 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 average primary cell and battery import price stood at $X per unit in 2022, with an increase of 11% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 29% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform