Portugal: Market for Primary Cells and Batteries 2024

Market Size for Primary Cells and Batteries in Portugal

The Portuguese primary cell and battery market dropped to $X in 2022, remaining stable 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). Overall, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +26.9% against 2020 indices. As a result, consumption attained the peak level of $X, leveling off in the following year.

Exports of Primary Cells and Batteries

Exports from Portugal

In 2022, after five years of growth, there was decline in overseas shipments of primary cells and batteries, when their volume decreased by -3.1% to X units. Overall, exports, however, recorded strong growth. The growth pace was the most rapid in 2019 when exports increased by 142%. The exports peaked at X units in 2021, and then reduced in the following year.

In value terms, primary cell and battery exports dropped sharply to $X in 2022. Over the period under review, exports, however, saw a resilient increase. The pace of growth appeared the most rapid in 2019 when exports increased by 114%. Over the period under review, the exports hit record highs at $X in 2021, and then fell remarkably in the following year.

Exports by Country

Spain (X units) was the main destination for primary cell and battery exports from Portugal, with a 86% share of total exports. Moreover, primary cell and battery exports to Spain exceeded the volume sent to the second major destination, Germany (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain totaled +23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+71.5% per year) and Angola (-10.7% per year).

In value terms, Spain ($X) remains the key foreign market for primary cells and batteries exports from Portugal, comprising 73% of total exports. The second position in the ranking was held by Germany ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain stood at +25.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+63.9% per year) and Angola (-12.4% per year).

Export Prices by Country

In 2022, the average primary cell and battery export price amounted to $X per unit, reducing by -14.9% against the previous year. In general, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2013 an increase of 102%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per unit), while the average price for exports to Spain ($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 Spain (+1.8%), while the prices for the other major destinations experienced a decline.

Imports of Primary Cells and Batteries

Imports into Portugal

In 2022, overseas purchases of primary cells and batteries increased by 9.9% to X units, rising for the second year in a row after two years of decline. Overall, total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 32% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, primary cell and battery imports fell to $X in 2022. In general, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +20.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 28%. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

Germany (X units), Spain (X units) and Belgium (X units) were the main suppliers of primary cell and battery imports to Portugal, together accounting for 81% of total imports. China, the Netherlands and Slovakia lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of +138.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of primary cells and batteries to Portugal, comprising 46% of total imports. The second position in the ranking was taken by Germany ($X), with a 19% share of total imports. It was followed by Belgium, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Spain totaled +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.6% per year) and Belgium (+11.5% per year).

Import Prices by Country

In 2022, the average primary cell and battery import price amounted to $X per unit, with a decrease of -14.6% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 25% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, 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 Spain ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+7.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform