Singapore: Market for Primary Cells And Primary Batteries 2025

Market Size for Primary Cells And Primary Batteries in Singapore

The Singaporean market for primary cells and primary batteries surged to $X in 2022, growing by 1,191% against the previous year. Over the period under review, consumption saw a strong expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Primary Cells And Primary Batteries in Singapore

In value terms, primary cells and primary batteries production stood at $X in 2022 estimated in export price. Overall, production, however, showed strong growth. The most prominent rate of growth was recorded in 2013 with an increase of 48%. Primary cells and primary batteries production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Primary Cells And Primary Batteries

Exports from Singapore

In 2022, primary cells and primary batteries exports from Singapore shrank rapidly to X units, waning by -33.1% compared with 2021. In general, exports, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2021 with an increase of 82% against the previous year. As a result, the exports attained the peak of X units, and then reduced sharply in the following year.

In value terms, primary cells and primary batteries exports dropped to $X in 2022. The total export value increased at an average annual rate of +1.1% 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 2014 when exports increased by 24%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for primary cells and primary batteries exports from Singapore, with a 26% share of total exports. Moreover, primary cells and primary batteries exports to the United States exceeded the volume sent to the second major destination, Australia (X units), threefold. Malaysia (X units) ranked third in terms of total exports with a 9.9% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +28.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+14.2% per year) and Malaysia (+6.7% per year).

In value terms, the United States ($X) remains the key foreign market for primary cells and primary batteries exports from Singapore, comprising 30% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 14% share of total exports. It was followed by Hong Kong SAR, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+0.9% per year) and Hong Kong SAR (+2.0% per year).

Export Prices by Country

The average export price for primary cells and primary batteries stood at $X per unit in 2022, jumping by 39% against the previous year. Overall, the export price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 43%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Argentina ($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 (+28.7%), while the prices for the other major destinations experienced a decline.

Imports of Primary Cells And Primary Batteries

Imports into Singapore

In 2022, purchases abroad of primary cells and primary batteries increased by 3.6% to X units, rising for the second year in a row after three years of decline. Overall, imports, however, showed a perceptible reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 19% against the previous year. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, primary cells and primary batteries imports declined modestly to $X in 2022. Over the period under review, imports, however, showed a perceptible descent. The growth pace was the most rapid in 2014 with an increase of 26%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X units) constituted the largest supplier of primary cells and primary batteries to Singapore, with a 42% share of total imports. Moreover, primary cells and primary batteries imports from Japan exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by Indonesia (X units), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.1% per year) and Indonesia (+0.4% per year).

In value terms, the largest primary cells and primary batteries suppliers to Singapore were Indonesia ($X), China ($X) and the United States ($X), with a combined 67% share of total imports. Japan, Malaysia and India lagged somewhat behind, together comprising a further 22%.

Among the main suppliers, India, with a CAGR of +30.4%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average import price for primary cells and primary batteries stood at $X per unit in 2022, shrinking by -7.6% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 18%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices remained at a somewhat 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 Indonesia ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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