Scandinavia: Market for Primary Cells And Primary Batteries 2024

Market Size for Primary Cells And Primary Batteries in Scandinavia

The Scandinavia market for primary cells and primary batteries contracted to $X in 2022, falling by -13.8% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Production of Primary Cells And Primary Batteries in Scandinavia

In value terms, primary cells and primary batteries production dropped remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, showed a significant curtailment. The most prominent rate of growth was recorded in 2020 when the production volume increased by 25,949% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Exports of Primary Cells And Primary Batteries

Exports in Scandinavia

In 2022, primary cells and primary batteries exports in Scandinavia rose remarkably to X units, picking up by 6.1% against the year before. Total exports indicated resilient growth from 2012 to 2022: its volume increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -2.5% against 2019 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 45% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, primary cells and primary batteries exports declined to $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 17% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Sweden prevails in exports structure, accounting for X units, which was approx. 97% of total exports in 2022. Finland (X units) followed a long way behind the leaders.

Exports from Sweden increased at an average annual rate of +7.0% from 2012 to 2022. At the same time, Finland (+12.7%) displayed positive paces of growth. Moreover, Finland emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +12.7% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest primary cells and primary batteries supplier in Scandinavia, comprising 74% of total exports. The second position in the ranking was taken by Finland ($X), with a 5.6% share of total exports.

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

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, falling by -12.1% against the previous year. Overall, the export price saw a abrupt decrease. The growth pace was the most rapid in 2018 when the export price increased by 39%. Over the period under review, the export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 Finland ($X per unit), while Sweden totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (-1.2%).

Imports of Primary Cells And Primary Batteries

Imports in Scandinavia

In 2022, imports of primary cells and primary batteries in Scandinavia dropped to X units, which is down by -9.6% compared with the previous year's figure. Total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -11.3% against 2019 indices. The pace of growth was the most pronounced in 2015 when imports increased by 17%. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, primary cells and primary batteries imports fell to $X in 2022. The total import value increased at an average annual rate of +1.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of 43%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Sweden (X units) represented the largest importer of primary cells and primary batteries, creating 52% of total imports. Finland (X units) took the second position in the ranking, distantly followed by Norway (X units). All these countries together took near 48% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Finland (with a CAGR of +8.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest primary cells and primary batteries importing markets in Scandinavia were Sweden ($X), Norway ($X) and Finland ($X).

Finland, with a CAGR of +3.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, with a decrease of -2.7% against the previous year. Over the period under review, the import price recorded a pronounced reduction. The pace of growth was the most pronounced in 2013 an increase of 39% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Norway ($X per unit), while Finland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (-2.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform