Vietnam: Market for Primary Cells And Primary Batteries 2025

Market Size for Primary Cells And Primary Batteries in Vietnam

The Vietnamese market for primary cells and primary batteries expanded slightly to $X in 2022, surging by 4.8% against the previous year. In general, the total consumption indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +39.9% against 2019 indices. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Primary Cells And Primary Batteries in Vietnam

In value terms, primary cells and primary batteries production expanded markedly to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 33% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Primary Cells And Primary Batteries

Exports from Vietnam

In 2022, shipments abroad of primary cells and primary batteries decreased by -61.9% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2014 when exports increased by 182% against the previous year. The exports peaked at X units in 2021, and then contracted rapidly in the following year.

In value terms, primary cells and primary batteries exports contracted markedly to $X in 2022. Over the period under review, exports, however, posted buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 136% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then declined markedly in the following year.

Exports by Country

The Philippines (X units) was the main destination for primary cells and primary batteries exports from Vietnam, accounting for a 39% share of total exports. Moreover, primary cells and primary batteries exports to the Philippines exceeded the volume sent to the second major destination, China (X units), threefold. Myanmar (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to the Philippines stood at +8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+45.5% per year) and Myanmar (+22.5% per year).

In value terms, the largest markets for primary cells and primary batteries exported from Vietnam were the Philippines ($X), Myanmar ($X) and China ($X), with a combined 43% share of total exports. The Netherlands, Canada, the UK, Mexico, Lao People's Democratic Republic, Hong Kong SAR, Cambodia, India and Thailand lagged somewhat behind, together accounting for a further 33%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +128.6%, saw the highest growth rate of 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 export price for primary cells and primary batteries amounted to $X per unit, surging by 94% against the previous year. Over the period under review, the export price, however, showed a deep slump. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Thailand ($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 Myanmar (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Primary Cells And Primary Batteries

Imports into Vietnam

In 2022, after six years of growth, there was significant decline in supplies from abroad of primary cells and primary batteries, when their volume decreased by -16.2% to X units. In general, imports, however, posted a strong increase. The pace of growth appeared the most rapid in 2019 when imports increased by 45% against the previous year. Over the period under review, imports attained the peak figure at X units in 2021, and then shrank rapidly in the following year.

In value terms, primary cells and primary batteries imports declined slightly to $X in 2022. Overall, imports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2016 with an increase of 78% against the previous year. Imports peaked at $X in 2021, and then dropped in the following year.

Imports by Country

In 2022, China (X units) constituted the largest primary cells and primary batteries supplier to Vietnam, accounting for a 77% share of total imports. Moreover, primary cells and primary batteries imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), sevenfold. Japan (X units) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +32.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+1.4% per year) and Japan (+26.3% per year).

In value terms, China ($X) constituted the largest supplier of primary cells and primary batteries to Vietnam, comprising 72% of total imports. The second position in the ranking was taken by Japan ($X), with a 7.5% share of total imports. It was followed by Indonesia, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +25.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+7.5% per year) and Indonesia (+14.9% per year).

Import Prices by Country

The average import price for primary cells and primary batteries stood at $X per unit in 2022, with an increase of 16% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 37% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 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 Indonesia ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+56.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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