Finland: Market for Primary Cells And Primary Batteries 2024

Market Size for Primary Cells And Primary Batteries in Finland

For the fifth consecutive year, the Finnish market for primary cells and primary batteries recorded growth in sales value, which increased by 11% to $X in 2022. The market value increased at an average annual rate of +4.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Production of Primary Cells And Primary Batteries in Finland

In value terms, primary cells and primary batteries production contracted remarkably to $X in 2022 estimated in export price. Over the period under review, production showed a sharp decline. The most prominent rate of growth was recorded in 2021 with an increase of 3.4% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Primary Cells And Primary Batteries

Exports from Finland

In 2022, after four years of growth, there was significant decline in shipments abroad of primary cells and primary batteries, when their volume decreased by -26.2% to X units. Overall, exports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2014 with an increase of 72% against the previous year. The exports peaked at X units in 2021, and then shrank remarkably in the following year.

In value terms, primary cells and primary batteries exports reduced to $X in 2022. Over the period under review, exports, however, continue to indicate a remarkable increase. The growth pace was the most rapid in 2013 when exports increased by 54%. Over the period under review, the exports reached the maximum at $X in 2021, and then reduced in the following year.

Exports by Country

Estonia (X units), Slovakia (X units) and Norway (X units) were the main destinations of primary cells and primary batteries exports from Finland, together comprising 79% of total exports.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +111.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) emerged as the key foreign market for primary cells and primary batteries exports from Finland, comprising 30% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 13% share of total exports. It was followed by Estonia, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway totaled +22.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+76.9% per year) and Estonia (+15.4% per year).

Export Prices by Country

The average export price for primary cells and primary batteries stood at $X per unit in 2022, rising by 17% against the previous year. In general, the export price, however, showed a slight downturn. The most prominent rate of growth was recorded in 2013 an increase of 34% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Estonia ($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 Sweden (+13.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Primary Cells And Primary Batteries

Imports into Finland

In 2022, imports of primary cells and primary batteries into Finland stood at X units, remaining constant against 2021 figures. Overall, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 27%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, primary cells and primary batteries imports totaled $X in 2022. The total import value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2016 when imports increased by 18%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest primary cells and primary batteries supplier to Finland, accounting for a 71% share of total imports. Moreover, primary cells and primary batteries imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was held by Belgium (X units), with a 2.9% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+4.8% per year) and Belgium (-5.0% per year).

In value terms, China ($X), Germany ($X) and the United States ($X) constituted the largest primary cells and primary batteries suppliers to Finland, together accounting for 76% of total imports. Belgium, Sweden and the UK lagged somewhat behind, together comprising a further 10%.

Among the main suppliers, the UK, with a CAGR of +14.7%, recorded the highest rates of growth with regard to 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

In 2022, the average import price for primary cells and primary batteries amounted to $X per unit, with an increase of 12% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced setback. The pace of growth was the most pronounced in 2013 an increase of 16% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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