Japan: Market for Primary Cells and Batteries 2024

Market Size for Primary Cells and Batteries in Japan

The Japanese primary cell and battery market expanded to $X in 2022, picking up by 4.3% against the previous year. Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -14.4% against 2020 indices. Primary cell and battery consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Primary Cells and Batteries in Japan

In value terms, primary cell and battery production expanded modestly to $X in 2022 estimated in export price. In general, the total production indicated a pronounced expansion from 2012 to 2022: its value increased at an average annual rate of +3.9% 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 -1.9% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of 35% against the previous year. Primary cell and battery production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Primary Cells and Batteries

Exports from Japan

In 2022, the amount of primary cells and batteries exported from Japan declined modestly to X units, approximately reflecting 2021. The total export volume increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 31% against the previous year. As a result, the exports reached the peak of X units, leveling off in the following year.

In value terms, primary cell and battery exports fell sharply to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 38%. As a result, the exports attained the peak of $X, and then reduced sharply in the following year.

Exports by Country

The United States (X units), Hong Kong SAR (X units) and China (X units) were the main destinations of primary cell and battery exports from Japan, together accounting for 64% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +17.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Hong Kong SAR ($X) were the largest markets for primary cell and battery exported from Japan worldwide, together comprising 62% of total exports.

Among the main countries of destination, China, with a CAGR of +11.1%, saw the highest rates of growth with regard to the value of exports, 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, waning by -16.3% against the previous year. Over the period under review, the export price continues to indicate a noticeable downturn. The growth pace was the most rapid in 2020 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Indonesia ($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 Hong Kong SAR (-2.1%), while the prices for the other major destinations experienced a decline.

Imports of Primary Cells and Batteries

Imports into Japan

In 2022, the amount of primary cells and batteries imported into Japan soared to X units, jumping by 28% compared with 2021 figures. The total import volume increased at an average annual rate of +4.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 rose significantly to $X in 2022. The total import value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 13%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest primary cell and battery supplier to Japan, with a 74% share of total imports. Moreover, primary cell and battery imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), fourfold. Indonesia (X units) ranked third in terms of total imports with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+5.9% per year) and Indonesia (-10.5% per year).

In value terms, China ($X) constituted the largest supplier of primary cells and batteries to Japan, comprising 52% of total imports. The second position in the ranking was taken by Thailand ($X), with a 19% share of total imports. It was followed by Indonesia, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+2.4% per year) and Indonesia (-1.3% per year).

Import Prices by Country

In 2022, the average primary cell and battery import price amounted to $X per unit, falling by -14.4% against the previous year. Overall, the import price recorded a perceptible downturn. The pace of growth was the most pronounced in 2014 an increase of 6.6%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per unit), while the price for Singapore (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 Indonesia (+10.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform