Overview of the Global Market for Primary Cells And Primary Batteries

Market Size for Primary Cells And Primary Batteries

The global market for primary cells and primary batteries rose significantly to $X in 2022, with an increase of 12% against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2022 and is likely to see gradual growth in the near future.

Production of Primary Cells And Primary Batteries

In value terms, primary cells and primary batteries production totaled $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the production volume increased by 21%. As a result, production reached the peak level of $X. From 2021 to 2022, global production growth remained at a somewhat lower figure.

Exports of Primary Cells And Primary Batteries

Exports

In 2022, shipments abroad of primary cells and primary batteries decreased by -8.1% to X units for the first time since 2016, thus ending a five-year rising trend. The total export volume increased at an average annual rate of +1.4% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2018 when exports increased by 7.9% against the previous year. The global exports peaked at X units in 2021, and then reduced in the following year.

In value terms, primary cells and primary batteries exports fell modestly to $X in 2022. The total export value increased at an average annual rate of +1.5% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 7.5% against the previous year. As a result, the exports attained the peak of $X, and then contracted modestly in the following year.

Exports by Country

China dominates exports structure, reaching X units, which was near 64% of total exports in 2022. It was distantly followed by Germany (X units), committing a 6.7% share of total exports. Hong Kong SAR (X units), Poland (X units), Singapore (X units), Belgium (X units), Japan (X units) and Thailand (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to primary cells and primary batteries exports from China stood at +1.1%. At the same time, Germany (+24.0%), Poland (+15.4%), Singapore (+10.4%), Japan (+3.5%) and Thailand (+2.9%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing exporter exported in the world, with a CAGR of +24.0% from 2012-2022. By contrast, Belgium (-6.1%) and Hong Kong SAR (-6.2%) illustrated a downward trend over the same period. While the share of Germany (+5.8 p.p.), Poland (+2.8 p.p.) and Singapore (+2 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of China (-2.3 p.p.), Belgium (-3.5 p.p.) and Hong Kong SAR (-5.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest primary cells and primary batteries supplier worldwide, comprising 29% of global exports. The second position in the ranking was held by Singapore ($X), with an 8% share of global exports. It was followed by Germany, with a 7.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to +2.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (+1.1% per year) and Germany (+11.4% per year).

Export Prices by Country

In 2022, the average export price for primary cells and primary batteries amounted to $X per unit, rising by 4.4% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 5.7% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+3.7%), while the other global leaders experienced more modest paces of growth.

Imports of Primary Cells And Primary Batteries

Imports

In 2022, supplies from abroad of primary cells and primary batteries increased by 6.2% to X units, rising for the sixth consecutive year after two years of decline. The total import volume increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 12%. Over the period under review, global imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, primary cells and primary batteries imports declined slightly to $X in 2022. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 when imports increased by 9.1% against the previous year. Global imports peaked at $X in 2021, and then declined slightly in the following year.

Imports by Country

In 2022, the United States (X units), Tunisia (X units), Germany (X units), Hong Kong SAR (X units) and Japan (X units) was the main importer of primary cells and primary batteries in the world, making up 43% of total import. Russia (X units), Poland (X units), the UK (X units), China (X units), the Netherlands (X units), Romania (X units), France (X units) and India (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Tunisia (with a CAGR of +100.4%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and Hong Kong SAR ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 24% of global imports. The UK, China, France, the Netherlands, Poland, Japan, Russia, Romania, India and Tunisia lagged somewhat behind, together accounting for a further 22%.

Poland, with a CAGR of +13.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for primary cells and primary batteries stood at $X per unit in 2022, dropping by -7.9% against the previous year. In general, the import price recorded a mild decrease. The growth pace was the most rapid in 2017 when the average import price increased by 5.4%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per unit), while Tunisia (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+1.5%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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