Switzerland: Market for Primary Cells and Batteries 2024

Market Size for Primary Cells and Batteries in Switzerland

After two years of growth, the Swiss primary cell and battery market decreased by -22% to $X in 2022. The market value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Primary cell and battery consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Primary Cells and Batteries in Switzerland

In value terms, primary cell and battery production dropped modestly to $X in 2022 estimated in export price. Over the period under review, production showed a mild contraction. The most prominent rate of growth was recorded in 2015 with an increase of 19% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

Exports of Primary Cells and Batteries

Exports from Switzerland

Primary cell and battery exports from Switzerland expanded notably to X units in 2022, picking up by 9.5% compared with the year before. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 14%. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, primary cell and battery exports expanded modestly to $X in 2022. In general, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 13% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units), Germany (X units) and the Czech Republic (X units) were the main destinations of primary cell and battery exports from Switzerland, with a combined 43% share of total exports. The United States, the UK, Hong Kong SAR, France, the United Arab Emirates, Ireland, Mexico, Spain, Italy and Latvia lagged somewhat behind, together comprising a further 39%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Latvia (with a CAGR of +82.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for primary cell and battery exported from Switzerland were Germany ($X), China ($X) and the United States ($X), together accounting for 42% of total exports. The Czech Republic, the UK, France, Hong Kong SAR, the United Arab Emirates, Ireland, Mexico, Spain, Italy and Latvia lagged somewhat behind, together comprising a further 36%.

In terms of the main countries of destination, Latvia, with a CAGR of +63.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average primary cell and battery export price amounted to $X per unit, waning by -6.8% against the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 15% against the previous year. The export price peaked at $X per unit in 2021, and then shrank in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to China ($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 the Czech Republic (+2.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Primary Cells and Batteries

Imports into Switzerland

In value terms, primary cell and battery imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of +4.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 23%. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

China (X units), Germany (X units) and Belgium (X units) were the main suppliers of primary cell and battery imports to Switzerland, with a combined 67% share of total imports. Japan, the United States, Indonesia, the Czech Republic, Singapore and Hong Kong SAR lagged somewhat behind, together comprising a further 28%.

From 2012 to 2022, the biggest increases were recorded for Hong Kong SAR (with a CAGR of +27.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of primary cells and batteries to Switzerland, comprising 43% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by Germany, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+6.8% per year) and Germany (-0.7% per year).

Import Prices by Country

In 2022, the average primary cell and battery import price amounted to $X per unit, rising by 6% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2015 an increase of 16%. The import price peaked at $X per unit in 2018; however, from 2019 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 the United States ($X per unit), while the price for Singapore ($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 Czech Republic (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform