GCC: Market for Primary Cells and Batteries 2024

Market Size for Primary Cells and Batteries in GCC

The GCC primary cell and battery market was estimated at $X in 2022, approximately equating the previous year. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Production of Primary Cells and Batteries in GCC

In value terms, primary cell and battery production expanded modestly to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the production volume increased by 99% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Exports of Primary Cells and Batteries

Exports in GCC

After three years of decline, overseas shipments of primary cells and batteries increased by 12% to X units in 2022. Over the period under review, exports showed strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by 97%. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, primary cell and battery exports reached $X in 2022. Overall, exports continue to indicate perceptible growth. The most prominent rate of growth was recorded in 2017 when exports increased by 60% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Saudi Arabia represented the largest exporting country with an export of about X units, which resulted at 71% of total exports. It was distantly followed by the United Arab Emirates (X units) and Oman (X units), together generating a 29% share of total exports.

Saudi Arabia was also the fastest-growing in terms of the primary cells and batteries exports, with a CAGR of +19.6% from 2012 to 2022. At the same time, Oman (+10.6%) displayed positive paces of growth. By contrast, the United Arab Emirates (-4.3%) illustrated a downward trend over the same period. Saudi Arabia (+46 p.p.) and Oman (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -46.7% from 2012 to 2022, respectively.

In value terms, Saudi Arabia ($X) remains the largest primary cell and battery supplier in GCC, comprising 60% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 29% share of total exports.

In Saudi Arabia, primary cell and battery exports expanded at an average annual rate of +4.2% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (-0.5% per year) and Oman (+2.2% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, with a decrease of -10.1% against the previous year. Over the period under review, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 16% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Saudi Arabia ($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 Arab Emirates (+4.0%), while the other leaders experienced a decline in the export price figures.

Imports of Primary Cells and Batteries

Imports in GCC

In 2022, imports of primary cells and batteries in GCC dropped to X units, waning by -13.3% on 2021. Over the period under review, imports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 61%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, primary cell and battery imports contracted to $X in 2022. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 24%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported primary cells and batteries in GCC, comprising 57% of total imports. The second position in the ranking was held by Kuwait ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled -2.1%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (+12.6% per year) and Oman (+3.7% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, increasing by 5.9% against the previous year. Over the period under review, the import price posted resilient growth. The most prominent rate of growth was recorded in 2016 an increase of 53% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per unit), while the United Arab Emirates ($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 Arab Emirates (+8.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform