Southern Asia: Market for Primary Cells And Primary Batteries 2024

Market Size for Primary Cells And Primary Batteries in Southern Asia

The South Asian market for primary cells and primary batteries expanded to $X in 2022, picking up by 2.6% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level in 2022 and is likely to see steady growth in years to come.

Production of Primary Cells And Primary Batteries in Southern Asia

In value terms, primary cells and primary batteries production stood at $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 16%. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Exports of Primary Cells And Primary Batteries

Exports in Southern Asia

Primary cells and primary batteries exports dropped to X units in 2022, with a decrease of -10% against 2021 figures. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when exports increased by 81%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, primary cells and primary batteries exports surged to $X in 2022. In general, exports, however, posted a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 108% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

India (X units) represented roughly 99% of total exports in 2022.

India experienced a relatively flat trend pattern with regard to volume of exports of primary cells and primary batteries. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest primary cells and primary batteries supplier in Southern Asia.

In India, primary cells and primary batteries exports increased at an average annual rate of +6.4% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, increasing by 47% against the previous year. Overall, the export price posted buoyant growth. The pace of growth was the most pronounced in 2014 when the export price increased by 54%. The level of export peaked in 2022 and is likely to see gradual growth in years to come.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +5.5% per year.

Imports of Primary Cells And Primary Batteries

Imports in Southern Asia

In 2022, overseas purchases of primary cells and primary batteries increased by 37% to X units, rising for the second consecutive year after two years of decline. Total imports indicated a perceptible increase from 2012 to 2022: its volume 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, imports increased by +85.8% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, primary cells and primary batteries imports rose markedly to $X in 2022. Overall, imports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2017 with an increase of 51%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

India dominates imports structure, resulting at X units, which was near 81% of total imports in 2022. It was distantly followed by Sri Lanka (X units), creating a 9.9% share of total imports. The following importers - Pakistan (X units), Nepal (X units), Afghanistan (X units) and Bangladesh (X units) - each finished at an 8.8% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to primary cells and primary batteries imports into India stood at +3.1%. At the same time, Bangladesh (+38.2%), Sri Lanka (+7.7%) and Nepal (+3.6%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +38.2% from 2012-2022. By contrast, Pakistan (-8.5%) and Afghanistan (-11.4%) illustrated a downward trend over the same period. India (+6.1 p.p.), Sri Lanka (+4 p.p.) and Bangladesh (+1.8 p.p.) significantly strengthened its position in terms of the total imports, while Pakistan and Afghanistan saw its share reduced by -4.9% and -7.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported primary cells and primary batteries in Southern Asia, comprising 66% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 16% share of total imports. It was followed by Sri Lanka, with a 5.5% share.

In India, primary cells and primary batteries imports contracted by an average annual rate of -9.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Pakistan (+1.9% per year) and Sri Lanka (+1.4% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, declining by -20.2% against the previous year. Over the period under review, the import price saw a deep reduction. The pace of growth appeared the most rapid in 2017 when the import price increased by 38% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+11.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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