Northern America: Market for Primary Cells And Primary Batteries 2024

Market Size for Primary Cells And Primary Batteries in Northern America

In 2022, the North American market for primary cells and primary batteries increased by 12% to $X, rising for the third year in a row after six years of decline. Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Production of Primary Cells And Primary Batteries in Northern America

In value terms, primary cells and primary batteries production totaled $X in 2022 estimated in export price. Overall, production showed a noticeable setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by 68% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Primary Cells And Primary Batteries

Exports in Northern America

In 2022, approx. X units of primary cells and primary batteries were exported in Northern America; waning by -2.4% on the previous year's figure. In general, exports recorded a pronounced decline. The pace of growth was the most pronounced in 2015 when exports increased by 1.7%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, primary cells and primary batteries exports rose markedly to $X in 2022. Overall, exports recorded a slight curtailment. The most prominent rate of growth was recorded in 2019 when exports increased by 12%. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

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) held a minor 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. Canada (+2 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -2% from 2012 to 2022, respectively.

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

From 2012 to 2022, the average annual rate of growth in terms of value in the United States was relatively modest.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, picking up by 11% against the previous year. Over the last decade, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2021 an increase of 13% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

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 totaled $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 Primary Batteries

Imports in Northern America

In 2022, overseas purchases of primary cells and primary batteries decreased by -3.5% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, saw a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 19% against the previous year. The volume of import peaked at X units in 2021, and then reduced in the following year.

In value terms, primary cells and primary batteries imports expanded significantly to $X in 2022. The total import value increased at an average annual rate of +4.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 15%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

Imports by Country

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

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

Import Prices by Country

The import price in Northern America stood at $X per unit in 2022, picking up by 17% against the previous year. In general, the import price, however, continues to indicate a pronounced slump. Over the period under review, import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 stood at $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

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