Ireland: Market for Primary Cells and Batteries 2024

Market Size for Primary Cells and Batteries in Ireland

The Irish primary cell and battery market surged to $X in 2022, with an increase of 100% 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). Overall, consumption saw prominent 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 Ireland

In 2022, overseas shipments of primary cells and batteries decreased by -24.3% to X units, falling for the third year in a row after two years of growth. Overall, exports recorded a abrupt descent. The pace of growth appeared the most rapid in 2019 when exports increased by 160% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, primary cell and battery exports rose markedly to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by 322% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X units) was the main destination for primary cell and battery exports from Ireland, accounting for a 241% share of total exports. Moreover, primary cell and battery exports to Spain exceeded the volume sent to the second major destination, the UK (X units), fourfold. The third position in this ranking was held by France (X units), with a 42% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain amounted to +35.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-3.9% per year) and France (-0.7% per year).

In value terms, the UK ($X), Spain ($X) and France ($X) were the largest markets for primary cell and battery exported from Ireland worldwide, with a combined 67% share of total exports. Germany, Portugal, the Czech Republic, the Netherlands, Sweden and Slovenia lagged somewhat behind, together accounting for a further 21%.

Portugal, with a CAGR of +202.3%, saw the highest growth rate of the value of exports, among 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

In 2022, the average primary cell and battery export price amounted to $X per unit, jumping by 48% against the previous year. Over the period under review, the export price showed a resilient expansion. The pace of growth appeared the most rapid in 2017 an increase of 194%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

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 the UK ($X per unit), while the average price for exports to Slovenia ($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 (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Primary Cells and Batteries

Imports into Ireland

Primary cell and battery imports into Ireland surged to X units in 2022, rising by 152% on the year before. Over the period under review, imports showed a prominent increase. 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. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 34% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Japan (X units), Belgium (X units) and China (X units) were the main suppliers of primary cell and battery imports to Ireland, together comprising 30% of total imports. Germany, Switzerland, the UK, the United States and Singapore lagged somewhat behind, together comprising a further 16%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +20.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of primary cells and batteries to Ireland, comprising 45% of total imports. The second position in the ranking was taken by Germany ($X), with a 17% share of total imports. It was followed by China, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+28.6% per year) and China (+11.9% per year).

Import Prices by Country

The average primary cell and battery import price stood at $X per unit in 2022, which is down by -51.2% against the previous year. Overall, the import price continues to indicate a deep slump. The pace of growth was the most pronounced in 2021 when the average import price increased by 74% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood 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 ($X per unit), while the price for Belgium ($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 UK (+12.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform