Luxembourg: Market for Primary Cells And Primary Batteries 2024

Market Size for Primary Cells And Primary Batteries in Luxembourg

In 2022, the Luxembourg market for primary cells and primary batteries decreased by -4.2% to $X, falling for the second year in a row after two years of growth. Overall, consumption, however, enjoyed a prominent increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Primary Cells And Primary Batteries in Luxembourg

In value terms, primary cells and primary batteries production surged to $X in 2022 estimated in export price. Overall, production showed a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of 8,014%. Primary cells and primary batteries production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Primary Cells And Primary Batteries

Exports from Luxembourg

In 2022, approx. X units of primary cells and primary batteries were exported from Luxembourg; rising by 85% against the year before. In general, exports, however, recorded a perceptible shrinkage. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, primary cells and primary batteries exports contracted remarkably to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 25%. The exports peaked at $X in 2021, and then dropped remarkably in the following year.

Exports by Country

France (X units) was the main destination for primary cells and primary batteries exports from Luxembourg, accounting for a 75% share of total exports. Moreover, primary cells and primary batteries exports to France exceeded the volume sent to the second major destination, Germany (X units), eightfold. Belgium (X units) ranked third in terms of total exports with a 6% share.

From 2012 to 2022, the average annual growth rate of volume to France totaled +47.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-5.3% per year) and Belgium (-13.1% per year).

In value terms, France ($X) remains the key foreign market for primary cells and primary batteries exports from Luxembourg, comprising 33% of total exports. The second position in the ranking was held by Germany ($X), with a 12% share of total exports. It was followed by Belgium, with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to France amounted to +12.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-2.4% per year) and Belgium (-5.4% per year).

Export Prices by Country

The average export price for primary cells and primary batteries stood at $X per unit in 2022, dropping by -59.7% against the previous year. Overall, the export price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 136% against the previous year. As a result, the export price reached the peak level of $X per unit, and then dropped markedly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per unit), while the average price for exports to France ($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 Estonia (+67.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Primary Cells And Primary Batteries

Imports into Luxembourg

In 2022, the amount of primary cells and primary batteries imported into Luxembourg fell to X units, declining by -6.5% compared with 2021 figures. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when imports increased by 45%. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, primary cells and primary batteries imports contracted modestly to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 when imports increased by 17% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Poland (X units) constituted the largest supplier of primary cells and primary batteries to Luxembourg, accounting for a 62% share of total imports. Moreover, primary cells and primary batteries imports from Poland exceeded the figures recorded by the second-largest supplier, Belgium (X units), fivefold. Germany (X units) ranked third in terms of total imports with a 9.5% share.

From 2012 to 2022, the average annual growth rate of volume from Poland was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-1.8% per year) and Germany (+6.6% per year).

In value terms, the largest primary cells and primary batteries suppliers to Luxembourg were Belgium ($X), Germany ($X) and Japan ($X), with a combined 65% share of total imports. France, Poland and China lagged somewhat behind, together comprising a further 20%.

In terms of the main suppliers, China, with a CAGR of +5.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for primary cells and primary batteries stood at $X per unit in 2022, picking up by 3.9% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 31%. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 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 Japan ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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