U.S.: Primary Battery Parts Market 2024

Primary Battery Parts Market Size in the U.S.

The U.S. primary battery parts market skyrocketed to $X in 2022, with an increase of 87% against the previous year. Overall, consumption saw a sharp reduction. Primary battery parts consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Primary Battery Parts Production in the U.S.

In value terms, primary battery parts production surged to $X in 2022. In general, production, however, recorded a abrupt curtailment. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Primary Battery Parts Exports

Exports from the U.S.

In 2022, shipments abroad of parts of primary cells and primary batteries decreased by -4.4% to X units for the first time since 2011, thus ending a ten-year rising trend. In general, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 4.4%. As a result, the exports reached the peak of X units, and then dropped modestly in the following year.

In value terms, primary battery parts exports reached $X in 2022. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 19% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Singapore (X units) was the main destination for primary battery parts exports from the United States, with a 43% share of total exports. Moreover, primary battery parts exports to Singapore exceeded the volume sent to the second major destination, Israel (X units), twofold. The third position in this ranking was held by Germany (X units), with an 8.3% share.

From 2020 to 2022, the average annual growth rate of volume to Singapore amounted to -12.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+30.4% per year) and Germany (+2.4% per year).

In value terms, Canada ($X), the UK ($X) and Singapore ($X) constituted the largest markets for primary battery parts exported from the United States worldwide, together accounting for 53% of total exports. Germany, Mexico, Israel, Japan and China lagged somewhat behind, together comprising a further 28%.

Japan, with a CAGR of +123.8%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average primary battery parts export price stood at $X per unit in 2022, increasing by 6.6% against the previous year. Over the period from 2020 to 2022, it increased at an average annual rate of +6.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Canada ($X per unit), while the average price for exports to Israel ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+112.4%), while the prices for the other major destinations experienced more modest paces of growth.

Primary Battery Parts Imports

Imports into the U.S.

In 2022, supplies from abroad of parts of primary cells and primary batteries decreased by -40.6% to X units for the first time since 2011, thus ending a ten-year rising trend. Over the period under review, imports faced a deep reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 21%. As a result, imports reached the peak of X units, and then reduced rapidly in the following year.

In value terms, primary battery parts imports skyrocketed to $X in 2022. In general, imports saw a mild decrease. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of primary battery parts to the United States, accounting for a 68% share of total imports. Moreover, primary battery parts imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), sixfold. The UK (X units) ranked third in terms of total imports with a 9.5% share.

From 2020 to 2022, the average annual rate of growth in terms of volume from China stood at +250.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-9.0% per year) and the UK (-31.3% per year).

In value terms, the largest primary battery parts suppliers to the United States were China ($X), Germany ($X) and Japan ($X), with a combined 67% share of total imports.

China, with a CAGR of +194.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average primary battery parts import price stood at $X per unit in 2022, surging by 124% against the previous year. Overall, the import price recorded significant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+488.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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