Primary Battery Parts Market

The global market for primary battery parts is projected to see a steady increase in consumption and production from 2022 to 2030, with a predicted CAGR of +0.6% in market volume and -2.4% in market value. The market performance is expected to retain its current trend pattern, with countries like Japan, China, and the UK leading in consumption and production. The United States is the major importer and exporter of primary battery parts, with Taiwan (Chinese) also playing a significant role in exports. Overall, the market is poised for growth in the coming years, with key players focusing on enhancing production and meeting the increasing demand for primary battery parts worldwide.

Market Forecast

Driven by increasing demand for parts of primary cells and primary batteries worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +0.6% for the period from 2022 to 2030, which is projected to bring the market volume to 17M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of -2.4% for the period from 2022 to 2030, which is projected to bring the market value to $5M (in nominal prices) by the end of 2030.

Consumption

World Consumption of Parts Of Primary Cells And Primary Batteries

In 2022, approx. 16M units of parts of primary cells and primary batteries were consumed worldwide; surging by 3.8% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak volume of 17M units. From 2021 to 2022, the growth of the global consumption remained at a somewhat lower figure.

The global primary battery parts market value surged to $6M in 2022, growing by 29% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a significant increase. Over the period under review, the global market attained the peak level at $21M in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Japan (3.5M units), China (2.9M units) and the UK (1.9M units), with a combined 52% share of global consumption. Germany, Singapore, Israel, Indonesia, the Netherlands, the Czech Republic and Malaysia lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Israel (with a CAGR of +1.8%), while consumption for the other global leaders experienced more modest paces of growth.

From 2012 to 2022, the average annual growth rate of value in No country was relatively modest.

In 2022, the highest levels of primary battery parts per capita consumption was registered in Singapore (233 units per 1000 persons), followed by Israel (109 units per 1000 persons), the Czech Republic (43 units per 1000 persons) and the Netherlands (37 units per 1000 persons), while the world average per capita consumption of primary battery parts was estimated at 2 units per 1000 persons.

In Singapore, primary battery parts per capita consumption remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Israel (-0.4% per year) and the Czech Republic (0.0% per year).

Production

World Production of Parts Of Primary Cells And Primary Batteries

Global primary battery parts production totaled 18M units in 2022, with an increase of 5.2% on 2021 figures. The total output volume increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 21% against the previous year. As a result, production reached the peak volume of 19M units. From 2021 to 2022, global production growth remained at a lower figure.

In value terms, primary battery parts production surged to $669M in 2022 estimated in export price. Over the period under review, production enjoyed a buoyant expansion. The growth pace was the most rapid in 2020 when the production volume increased by 1,232%. As a result, production reached the peak level of $869M. From 2021 to 2022, global production growth failed to regain momentum.

Production By Country

The countries with the highest volumes of production in 2022 were Japan (3.5M units), China (2.9M units) and the UK (1.9M units), with a combined 47% share of global production. Germany, the United States, Singapore, Israel, Indonesia, the Netherlands, the Czech Republic and Malaysia lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of production, amongst the leading producing countries, was attained by the United States (with a CAGR of +2.3%), while production for the other global leaders experienced more modest paces of growth.

Imports

World Imports of Parts Of Primary Cells And Primary Batteries

In 2022, purchases abroad of parts of primary cells and primary batteries decreased by -40.7% to 477K units for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2016 when imports increased by 4,486%. As a result, imports attained the peak of 1.1M units. From 2017 to 2022, the growth of global imports failed to regain momentum.

In value terms, primary battery parts imports reduced slightly to $411M in 2022. Over the period under review, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 18% against the previous year. Global imports peaked at $450M in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports By Country

In 2022, the United States (471K units) represented the major importer of parts of primary cells and primary batteries in the world, committing 99% of total import.

The United States was also the fastest-growing in terms of the parts of primary cells and primary batteries imports, with a CAGR of -15.3% from 2012 to 2022. The United States (+98 p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($25M) constitutes the largest market for imported parts of primary cells and primary batteries worldwide.

From 2012 to 2022, the average annual growth rate of value in the United States totaled -1.7%.

Import Prices By Country

In 2022, the average primary battery parts import price amounted to $861 per unit, with an increase of 63% against the previous year. Over the period under review, the import price, however, showed a precipitous decrease. The growth pace was the most rapid in 2017 an increase of 19,873% against the previous year. As a result, import price attained the peak level of $52,747 per unit. From 2018 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +27.3% per year.

Exports

Exports By Country

The United States prevails in exports structure, accounting for 1.8M units, which was approx. 91% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (185K units), committing a 9.3% share of total exports.

The United States experienced a relatively flat trend pattern with regard to volume of exports of parts of primary cells and primary batteries. Taiwan (Chinese) (-6.6%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($53M) remains the largest primary battery parts supplier worldwide, comprising 8.4% of global exports. The second position in the ranking was taken by Taiwan (Chinese) ($4.9M), with a 0.8% share of global exports.

In the United States, primary battery parts exports increased at an average annual rate of +5.9% over the period from 2020-2022.

Export Prices By Country

The average primary battery parts export price stood at $316 per unit in 2022, growing by 40% against the previous year. Over the period under review, export price indicated a significant expansion from 2020 to 2022: its price increased at an average annual rate of +29.8% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, primary battery parts export price increased by +68.6% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($29 per unit), while Taiwan (Chinese) totaled $27 per unit.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.0%).

Source: IndexBox Market Intelligence Platform