New Zealand: Market for Primary Cells and Batteries 2024

Market Size for Primary Cells and Batteries in New Zealand

The New Zealand primary cell and battery market reached $X in 2022, with an increase of 8.3% 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). The market value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in the near future.

Exports of Primary Cells and Batteries

Exports from New Zealand

In 2022, primary cell and battery exports from New Zealand reached X units, with an increase of 4.3% against 2021 figures. In general, exports recorded significant growth. The growth pace was the most rapid in 2017 when exports increased by 206% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, primary cell and battery exports skyrocketed to $X in 2022. Overall, exports posted a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of 64%. The exports peaked in 2022 and are likely to continue growth in years to come.

Exports by Country

Australia (X units) was the main destination for primary cell and battery exports from New Zealand, accounting for a 80% share of total exports. Moreover, primary cell and battery exports to Australia exceeded the volume sent to the second major destination, Cook Islands (X units), tenfold. The third position in this ranking was taken by Samoa (X units), with a 4.6% share.

From 2012 to 2022, the average annual growth rate of volume to Australia totaled +53.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cook Islands (+30.1% per year) and Samoa (+31.9% per year).

In value terms, Australia ($X) remains the key foreign market for primary cells and batteries exports from New Zealand, comprising 32% of total exports. The second position in the ranking was held by Samoa ($X), with an 11% share of total exports. It was followed by Cook Islands, with a 9.7% share.

From 2012 to 2022, the average annual growth rate of value to Australia totaled +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Samoa (+30.0% per year) and Cook Islands (+16.9% per year).

Export Prices by Country

In 2022, the average primary cell and battery export price amounted to $X per unit, jumping by 52% against the previous year. Over the period under review, the export price, however, continues to indicate a sharp slump. The export price peaked 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 Samoa ($X per unit), while the average price for exports to Wallis and Futuna Islands ($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 Samoa (-1.4%), while the prices for the other major destinations experienced a decline.

Imports of Primary Cells and Batteries

Imports into New Zealand

In 2022, approx. X units of primary cells and batteries were imported into New Zealand; surging by 14% against the previous year. The total import volume increased at an average annual rate of +3.9% 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 2015 with an increase of 23% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, primary cell and battery imports expanded markedly to $X in 2022. The total import value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by 16%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

China (X units), Singapore (X units) and Indonesia (X units) were the main suppliers of primary cell and battery imports to New Zealand, with a combined 70% share of total imports. Australia, the United States, Malaysia, Thailand and Germany lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +36.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of primary cells and batteries to New Zealand, comprising 41% of total imports. The second position in the ranking was taken by Singapore ($X), with a 13% share of total imports. It was followed by Indonesia, with a 9.1% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+3.2% per year) and Indonesia (+3.3% per year).

Import Prices by Country

In 2022, the average primary cell and battery import price amounted to $X per unit, shrinking by -6.8% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 20%. 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 the United States ($X per unit), while the price for Singapore ($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 (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform