GCC: Market for Primary Cells And Primary Batteries 2024

Market Size for Primary Cells And Primary Batteries in GCC

The GCC market for primary cells and primary batteries expanded rapidly to $X in 2022, growing by 11% against the previous year. The total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +61.3% against 2017 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Production of Primary Cells And Primary Batteries in GCC

In value terms, primary cells and primary batteries production rose rapidly to $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -9.9% against 2020 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 69% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Primary Cells And Primary Batteries

Exports in GCC

In 2022, shipments abroad of primary cells and primary batteries decreased by -12.9% to X units, falling for the second consecutive year after two years of growth. Overall, exports, however, posted a strong expansion. The pace of growth was the most pronounced in 2016 when exports increased by 240% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, primary cells and primary batteries exports soared to $X in 2022. In general, exports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2017 when exports increased by 60%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia represented the major exporter of primary cells and primary batteries in GCC, with the volume of exports recording X units, which was near 67% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units) and Oman (X units), together achieving a 30% share of total exports. Bahrain (X units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to primary cells and primary batteries exports from Saudi Arabia stood at +44.3%. At the same time, Bahrain (+47.6%) and Oman (+10.8%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in GCC, with a CAGR of +47.6% from 2012-2022. By contrast, the United Arab Emirates (-2.9%) illustrated a downward trend over the same period. Saudi Arabia (+62 p.p.) and Bahrain (+3.2 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -63.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) remains the largest primary cells and primary batteries supplier in GCC, comprising 56% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 27% share of total exports. It was followed by Bahrain, with a 9.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Saudi Arabia stood at +9.3%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (-0.5% per year) and Bahrain (+30.2% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, growing by 50% against the previous year. Overall, the export price, however, recorded a abrupt descent. The growth pace was the most rapid in 2018 an increase of 119% against the previous year. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Bahrain ($X per unit), while Saudi Arabia ($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 (+2.5%), while the other leaders experienced a decline in the export price figures.

Imports of Primary Cells And Primary Batteries

Imports in GCC

In 2022, the amount of primary cells and primary batteries imported in GCC declined to X units, falling by -12.2% on 2021 figures. In general, imports saw a abrupt decrease. The pace of growth was the most pronounced in 2018 with an increase of 60% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, primary cells and primary batteries imports shrank to $X in 2022. Over the period under review, 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 failed to regain momentum.

Imports by Country

The United Arab Emirates prevails in imports structure, recording X units, which was approx. 90% of total imports in 2022. It was distantly followed by Kuwait (X units), comprising a 7.4% share of total imports. Oman (X units) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to primary cells and primary batteries imports into the United Arab Emirates stood at -10.1%. At the same time, Kuwait (+15.3%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of +15.3% from 2012-2022. By contrast, Oman (-2.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Kuwait increased by +6.7 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates stood at -2.0%. In the other countries, the average annual rates were as follows: 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, rising by 4.7% against the previous year. In general, the import price saw buoyant growth. The pace of growth appeared the most rapid in 2016 an increase of 53%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Oman ($X per unit), while the United Arab Emirates ($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 (+9.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform