Philippines: Market for Primary Cells And Primary Batteries 2025

Market Size for Primary Cells And Primary Batteries in the Philippines

The Philippine market for primary cells and primary batteries expanded remarkably to $X in 2022, growing by 7.3% against the previous year. The market value increased at an average annual rate of +1.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Primary Cells And Primary Batteries in the Philippines

In value terms, primary cells and primary batteries production stood at $X in 2022 estimated in export price. In general, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.4% against 2020 indices. The growth pace was the most rapid in 2015 when the production volume increased by 76%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Exports of Primary Cells And Primary Batteries

Exports from the Philippines

Primary cells and primary batteries exports from the Philippines shrank to X units in 2022, falling by -8.7% compared with 2021 figures. Over the period under review, exports, however, showed significant growth. The growth pace was the most rapid in 2019 with an increase of 442%. The exports peaked at X units in 2021, and then contracted in the following year.

In value terms, primary cells and primary batteries exports soared to $X in 2022. Overall, exports, however, recorded significant growth. The growth pace was the most rapid in 2019 with an increase of 778% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

Austria (X units) was the main destination for primary cells and primary batteries exports from the Philippines, with a 69% share of total exports. Moreover, primary cells and primary batteries exports to Austria exceeded the volume sent to the second major destination, France (X units), threefold.

From 2012 to 2022, the average annual growth rate of volume to Austria totaled +106.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+169.9% per year) and Singapore (+118.5% per year).

In value terms, Austria ($X) remains the key foreign market for primary cells and primary batteries exports from the Philippines, comprising 66% of total exports. The second position in the ranking was taken by France ($X), with a 15% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Austria stood at +124.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+236.6% per year) and Singapore (+117.5% per year).

Export Prices by Country

In 2022, the average export price for primary cells and primary batteries amounted to $X per unit, jumping by 40% against the previous year. In general, the export price saw a strong increase. The growth pace was the most rapid in 2013 an increase of 230%. 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 Singapore ($X per unit), while the average price for exports to France ($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 France (+24.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Primary Cells And Primary Batteries

Imports into the Philippines

Primary cells and primary batteries imports into the Philippines surged to X units in 2022, growing by 56% compared with the previous year's figure. In general, imports, however, saw a noticeable curtailment. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, primary cells and primary batteries imports surged to $X in 2022. Over the period under review, imports enjoyed a temperate expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 120%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Indonesia (X units), Singapore (X units) and Vietnam (X units) were the main suppliers of primary cells and primary batteries imports to the Philippines, with a combined 81% share of total imports. China, Hong Kong SAR and Malaysia lagged somewhat behind, together comprising a further 15%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +44.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Singapore ($X) and Vietnam ($X) constituted the largest primary cells and primary batteries suppliers to the Philippines, with a combined 65% share of total imports. China, Hong Kong SAR and Malaysia lagged somewhat behind, together accounting for a further 25%.

In terms of the main suppliers, Malaysia, with a CAGR of +41.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for primary cells and primary batteries amounted to $X per unit, shrinking by -16.5% against the previous year. Over the period under review, the import price, however, saw a resilient increase. The pace of growth was the most pronounced in 2018 when the average import price increased by 57%. The import price peaked at $X per unit in 2019; however, from 2020 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 Malaysia ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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