Northern America: Market for Primary Cells and Batteries 2024

Market Size for Primary Cells and Batteries in Northern America

The North American primary cell and battery market rose notably to $X in 2022, increasing by 11% against the previous year. Over the period under review, consumption recorded a mild contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Primary Cells and Batteries in Northern America

In value terms, primary cell and battery production expanded markedly to $X in 2022 estimated in export price. In general, production, however, recorded a perceptible reduction. The most prominent rate of growth was recorded in 2019 when the production volume increased by 36%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Primary Cells and Batteries

Exports in Northern America

Primary cell and battery exports fell to X units in 2022, with a decrease of -2.4% against 2021 figures. Over the period under review, exports recorded a pronounced descent. The most prominent rate of growth was recorded in 2015 when exports increased by 1.7% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, primary cell and battery exports totaled $X in 2022. Overall, exports continue to indicate a mild decline. The most prominent rate of growth was recorded in 2019 with an increase of 12%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States dominates exports structure, accounting for X units, which was approx. 98% of total exports in 2022. Canada (X units) took a relatively small share of total exports.

Exports from the United States decreased at an average annual rate of -5.1% from 2012 to 2022. At the same time, Canada (+16.6%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +16.6% from 2012-2022. While the share of Canada (+2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (-2 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest primary cell and battery supplier in Northern America, comprising 92% of total exports. The second position in the ranking was held by Canada ($X), with a 7.7% share of total exports.

In the United States, primary cell and battery exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per unit, with an increase of 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.1%. The growth pace was the most rapid in 2021 when the export price increased by 13% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+4.6%).

Imports of Primary Cells and Batteries

Imports in Northern America

In 2022, after two years of growth, there was decline in overseas purchases of primary cells and batteries, when their volume decreased by -3.6% to X units. Over the period under review, imports, however, posted prominent growth. The growth pace was the most rapid in 2020 with an increase of 20% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then shrank modestly in the following year.

In value terms, primary cell and battery imports rose markedly to $X in 2022. The total import value increased at an average annual rate of +4.7% over the period 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 2017 when imports increased by 15% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

The United States prevails in imports structure, amounting to X units, which was approx. 94% of total imports in 2022. It was distantly followed by Canada (X units), making up a 6.3% share of total imports.

The United States was also the fastest-growing in terms of the primary cells and batteries imports, with a CAGR of +7.9% from 2012 to 2022. At the same time, Canada (+1.1%) displayed positive paces of growth. From 2012 to 2022, the share of the United States increased by +5.1 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported primary cells and batteries in Northern America, comprising 80% of total imports. The second position in the ranking was taken by Canada ($X), with a 19% share of total imports.

In the United States, primary cell and battery imports increased at an average annual rate of +5.6% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, with an increase of 17% against the previous year. In general, the import price, however, continues to indicate a noticeable downturn. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the United States amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+0.4%).

Source: IndexBox Platform