United Kingdom: Market for Primary Cells and Batteries 2024

Market Size for Primary Cells and Batteries in the UK

In 2022, the UK primary cell and battery market decreased by -39% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption showed a abrupt decline. Primary cell and battery consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Primary Cells and Batteries in the UK

In value terms, primary cell and battery production contracted slightly to $X in 2022 estimated in export price. In general, production saw a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 7%. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Primary Cells and Batteries

Exports from the UK

In 2022, overseas shipments of primary cells and batteries were finally on the rise to reach X units after three years of decline. In general, total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when exports increased by 21% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

In value terms, primary cell and battery exports fell to $X in 2022. Overall, exports, however, recorded a perceptible descent. The most prominent rate of growth was recorded in 2017 when exports increased by 13%. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

France (X units) was the main destination for primary cell and battery exports from the UK, with a 21% share of total exports. Moreover, primary cell and battery exports to France exceeded the volume sent to the second major destination, the United States (X units), twofold. Poland (X units) ranked third in terms of total exports with a 9.7% share.

From 2012 to 2022, the average annual growth rate of volume to France amounted to +9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+13.8% per year) and Poland (+20.3% per year).

In value terms, France ($X), the United States ($X) and the Netherlands ($X) were the largest markets for primary cell and battery exported from the UK worldwide, with a combined 28% share of total exports. Germany, Belgium, Poland, China, Spain, Japan, Australia, Denmark, South Korea and Singapore lagged somewhat behind, together comprising a further 37%.

Japan, with a CAGR of +12.1%, 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

In 2022, the average primary cell and battery export price amounted to $X per unit, dropping by -25.1% against the previous year. In general, the export price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 9.1%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to South Korea ($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 Denmark (+9.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Primary Cells and Batteries

Imports into the UK

In 2022, purchases abroad of primary cells and batteries decreased by -16.9% to X units, falling for the second year in a row after four years of growth. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 46% against the previous year. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, primary cell and battery imports reached $X in 2022. In general, imports saw a mild slump. The most prominent rate of growth was recorded in 2017 with an increase of 8.8%. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Belgium (X units), China (X units) and Poland (X units) were the main suppliers of primary cell and battery imports to the UK, together accounting for 81% of total imports. The United States, Germany, Singapore, Hong Kong SAR and the Netherlands lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +50.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of primary cells and batteries to the UK, comprising 41% of total imports. The second position in the ranking was taken by Belgium ($X), with a 20% share of total imports. It was followed by the United States, with a 14% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +7.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-6.3% per year) and the United States (-4.0% per year).

Import Prices by Country

In 2022, the average primary cell and battery import price amounted to $X per unit, with an increase of 21% against the previous year. Overall, the import price, however, continues to indicate a slight slump. The pace of growth appeared the most rapid in 2021 an increase of 45%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Poland ($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 Netherlands (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform