Norway: Market for Primary Cells And Primary Batteries 2024

Market Size for Primary Cells And Primary Batteries in Norway

The Norwegian market for primary cells and primary batteries contracted to $X in 2022, reducing by -12.4% 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 +2.5% over the period 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 maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Exports of Primary Cells And Primary Batteries

Exports from Norway

In 2022, after four years of growth, there was significant decline in overseas shipments of primary cells and primary batteries, when their volume decreased by -9.7% to X units. Over the period under review, total exports indicated measured growth from 2012 to 2022: its volume increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.9% against 2017 indices. The pace of growth appeared the most rapid in 2019 when exports increased by 22% against the previous year. The exports peaked at X units in 2021, and then fell in the following year.

In value terms, primary cells and primary batteries exports expanded slightly to $X in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 13%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

The UK (X units), Sweden (X units) and the United States (X units) were the main destinations of primary cells and primary batteries exports from Norway, with a combined 45% share of total exports. Germany, Iceland, Denmark, Poland, Turkey, India, the United Arab Emirates, the Netherlands, the Czech Republic and Russia lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +37.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for primary cells and primary batteries exported from Norway were the United States ($X), the UK ($X) and the United Arab Emirates ($X), together accounting for 39% of total exports. The Netherlands, Poland, India, Sweden, Germany, Denmark, Iceland, Turkey, the Czech Republic and Russia lagged somewhat behind, together accounting for a further 27%.

Among the main countries of destination, the Czech Republic, with a CAGR of +28.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for primary cells and primary batteries stood at $X per unit in 2022, jumping by 16% against the previous year. In general, the export price, however, continues to indicate a perceptible reduction. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Sweden ($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 Poland (+20.5%), while the prices for the other major destinations experienced a decline.

Imports of Primary Cells And Primary Batteries

Imports into Norway

For the fourth year in a row, Norway recorded decline in overseas purchases of primary cells and primary batteries, which decreased by -3.2% to X units in 2022. Over the period under review, imports, however, saw a measured increase. The most prominent rate of growth was recorded in 2018 with an increase of 50%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, primary cells and primary batteries imports fell rapidly to $X in 2022. The total import value increased at an average annual rate of +1.8% 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 2013 when imports increased by 12% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then plummeted in the following year.

Imports by Country

In 2022, China (X units) constituted the largest primary cells and primary batteries supplier to Norway, with a 67% share of total imports. Moreover, primary cells and primary batteries imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), sixfold. Germany (X units) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+31.8% per year) and Germany (-2.9% per year).

In value terms, China ($X) constituted the largest supplier of primary cells and primary batteries to Norway, comprising 42% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by the United States, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +9.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.6% per year) and the United States (-1.9% per year).

Import Prices by Country

The average import price for primary cells and primary batteries stood at $X per unit in 2022, waning by -12.5% against the previous year. Over the period under review, the import price showed a noticeable decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by 29% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Germany (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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