Ethiopia: Market for Primary Cells and Batteries 2024

Market Size for Primary Cells and Batteries in Ethiopia

The Ethiopian primary cell and battery market skyrocketed to $X in 2022, picking up by 243% 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). Over the period under review, consumption recorded a prominent expansion. 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 Ethiopia

In 2022, approx. X units of primary cells and batteries were exported from Ethiopia; jumping by 59% against the previous year's figure. Over the period under review, exports, however, saw a mild descent. The pace of growth was the most pronounced in 2013 with an increase of 969%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, primary cell and battery exports reduced modestly to $X in 2022. Overall, exports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of 796%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for primary cell and battery exports from Ethiopia, with a 61% share of total exports. Moreover, primary cell and battery exports to Germany exceeded the volume sent to the second major destination, Kenya (X units), twofold. The third position in this ranking was taken by Sudan (X units), with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at +48.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kenya (+7.7% per year) and Sudan (+17.8% per year).

In value terms, the largest markets for primary cell and battery exported from Ethiopia were Kenya ($X), Malawi ($X) and Germany ($X), together accounting for 80% of total exports.

Germany, with a CAGR of +55.4%, 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 more modest paces of growth.

Export Prices by Country

The average primary cell and battery export price stood at $X per unit in 2022, shrinking by -38.6% against the previous year. Overall, the export price showed a abrupt contraction. The growth pace was the most rapid in 2014 an increase of 2,017% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Malawi ($X per unit), while the average price for exports to Germany ($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 India (+4,370.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Primary Cells and Batteries

Imports into Ethiopia

Primary cell and battery imports into Ethiopia soared to X units in 2022, rising by 245% compared with the year before. Over the period under review, imports saw a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, primary cell and battery imports expanded markedly to $X in 2022. In general, imports, however, saw a significant decrease. The most prominent rate of growth was recorded in 2013 when imports increased by 30%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The UK (X units), China (X units) and Taiwan (Chinese) (X units) were the main suppliers of primary cell and battery imports to Ethiopia, together comprising 73% of total imports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +130.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of primary cells and batteries to Ethiopia, comprising 61% of total imports. The second position in the ranking was taken by the United States ($X), with an 8.9% share of total imports. It was followed by Germany, with an 8.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -23.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.1% per year) and Germany (+19.9% per year).

Import Prices by Country

The average primary cell and battery import price stood at $X per unit in 2022, falling by -68.8% against the previous year. In general, the import price saw a dramatic decline. The most prominent rate of growth was recorded in 2014 when the average import price increased by 189%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

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 China ($X per unit), while the price for the UK (less than $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 (-11.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform