Myanmar: Market for Primary Cells and Batteries 2024

Market Size for Primary Cells and Batteries in Myanmar

The Myanmar's primary cell and battery market dropped rapidly to $X in 2022, reducing by -52.3% 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). Over the period under review, consumption showed a abrupt downturn. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Exports of Primary Cells and Batteries

Exports from Myanmar

In 2022, exports of primary cells and batteries from Myanmar skyrocketed to X units, with an increase of 85% compared with 2021 figures. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2020 when exports increased by 3,478,692%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, primary cell and battery exports surged to $X in 2022. Overall, exports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 18,168%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for primary cell and battery exports from Myanmar, accounting for a less than 0.1% share of total exports. Moreover, primary cell and battery exports to Germany exceeded the volume sent to the second major destination, Thailand (X units), twofold. The third position in this ranking was taken by Singapore (X units), with less than 0.1% share.

From 2012 to 2022, the average annual growth rate of volume to Germany stood at +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-1.2% per year) and Singapore (+23.1% per year).

In value terms, Singapore ($X) emerged as the key foreign market for primary cells and batteries exports from Myanmar, comprising 1.9% of total exports. The second position in the ranking was held by India ($X), with less than 0.1% share of total exports. It was followed by Germany, with less than 0.1% share.

From 2012 to 2022, the average annual growth rate of value to Singapore stood at +80.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-30.4% per year) and Germany (+6.6% per year).

Export Prices by Country

In 2022, the average primary cell and battery export price amounted to $X per unit, growing by 40% against the previous year. Overall, the export price, however, continues to indicate a sharp decline. The most prominent rate of growth was recorded in 2019 when the average export price increased by 5,246% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Germany ($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 the United States (+7,528.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Primary Cells and Batteries

Imports into Myanmar

In 2022, the amount of primary cells and batteries imported into Myanmar fell significantly to X units, which is down by -43% against 2021. In general, imports continue to indicate a deep setback. The pace of growth was the most pronounced in 2013 with an increase of 130% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, primary cell and battery imports shrank to $X in 2022. Overall, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2013 with an increase of 109%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

Indonesia (X units), China (X units) and Thailand (X units) were the main suppliers of primary cell and battery imports to Myanmar, together comprising 12% of total imports.

From 2012 to 2022, the biggest increases were recorded for Indonesia (with a CAGR of -8.6%), while purchases for the other leaders experienced a decline.

In value terms, China ($X), Indonesia ($X) and Thailand ($X) were the largest primary cell and battery suppliers to Myanmar, together accounting for 74% of total imports. Singapore, India and Japan lagged somewhat behind, together comprising a further 11%.

India, with a CAGR of +13.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average primary cell and battery import price stood at $X per unit in 2022, picking up by 58% against the previous year. Over the period under review, the import price continues to indicate moderate growth. The pace of growth appeared the most rapid in 2014 an increase of 96% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+40.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform