Egypt: Market for Primary Cells and Batteries 2024

Market Size for Primary Cells and Batteries in Egypt

The Egyptian primary cell and battery market was finally on the rise to reach $X in 2022, after two years of decline. Over the period under review, consumption continues to indicate buoyant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Exports of Primary Cells and Batteries

Exports from Egypt

In 2022, exports of primary cells and batteries from Egypt contracted to X units, standing approx. at the year before. Overall, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 411% against the previous year. Over the period under review, the exports reached the maximum at X units in 2021, and then contracted modestly in the following year.

In value terms, primary cell and battery exports reduced notably to $X in 2022. In general, exports, however, posted a strong expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 314% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then contracted markedly in the following year.

Exports by Country

Kenya (X units) was the main destination for primary cell and battery exports from Egypt, with a 46% share of total exports. Moreover, primary cell and battery exports to Kenya exceeded the volume sent to the second major destination, Saudi Arabia (X units), threefold. The United Arab Emirates (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume to Kenya totaled +70.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (-16.6% per year) and the United Arab Emirates (+17.3% per year).

In value terms, Kenya ($X) remains the key foreign market for primary cells and batteries exports from Egypt, comprising 46% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with a 13% share of total exports. It was followed by the United Arab Emirates, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Kenya amounted to +47.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Saudi Arabia (+8.1% per year) and the United Arab Emirates (+9.9% per year).

Export Prices by Country

In 2022, the average primary cell and battery export price amounted to $X per unit, reducing by -18.4% against the previous year. Overall, the export price faced a abrupt descent. The pace of growth was the most pronounced in 2016 an increase of 28% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Kenya ($X per unit) and Bahrain ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) and Oman ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+35.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Primary Cells and Batteries

Imports into Egypt

In 2022, after two years of decline, there was significant growth in purchases abroad of primary cells and batteries, when their volume increased by 613% to X units. Over the period under review, imports posted a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, primary cell and battery imports surged to $X in 2022. Overall, imports posted a noticeable expansion. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Singapore (X units), China (X units) and Poland (X units) were the main suppliers of primary cell and battery imports to Egypt, together accounting for 13% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Poland (with a CAGR of +30.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of primary cells and batteries to Egypt, comprising 35% of total imports. The second position in the ranking was held by Singapore ($X), with a 10% share of total imports. It was followed by the United States, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-5.3% per year) and the United States (-0.8% per year).

Import Prices by Country

The average primary cell and battery import price stood at $X per unit in 2022, with a decrease of -67.6% against the previous year. Overall, the import price saw a deep reduction. The pace of growth was the most pronounced in 2020 when the average import price increased by 183%. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform