Luxembourg: Market for Primary Cells and Batteries 2024

Market Size for Primary Cells and Batteries in Luxembourg

The Luxembourg primary cell and battery market fell remarkably to $X in 2023, shrinking by X% against the previous year. Overall, the total consumption indicated a slight expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption decreased by X% against 2021 indices. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Production of Primary Cells and Batteries in Luxembourg

In value terms, primary cell and battery production shrank dramatically to $X in 2023 estimated in export price. Overall, production recorded a mild shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2023, production growth remained at a somewhat lower figure.

Exports of Primary Cells and Batteries

Exports from Luxembourg

In 2023, the amount of primary cells and batteries exported from Luxembourg expanded markedly to X units, picking up by X% compared with the previous year. In general, exports, however, continue to indicate a pronounced downturn. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

In value terms, primary cell and battery exports surged to $X in 2023. The total export value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

France (X units), the Netherlands (X units) and Belgium (X units) were the main destinations of primary cell and battery exports from Luxembourg, together accounting for X% of total exports.

From 2012 to 2023, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for primary cell and battery exported from Luxembourg were Germany ($X), France ($X) and the Netherlands ($X), together comprising X% of total exports.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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 cell and battery export price stood at $X per unit in 2023, picking up by X% against the previous year. Over the period under review, the export price enjoyed strong growth. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2022 to 2023, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Latvia ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Primary Cells and Batteries

Imports into Luxembourg

In 2023, the amount of primary cells and batteries imported into Luxembourg contracted markedly to X units, falling by X% compared with the previous year. In general, imports showed a noticeable slump. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

In value terms, primary cell and battery imports rose rapidly to $X in 2023. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Belgium (X units) constituted the largest primary cell and battery supplier to Luxembourg, with a X% share of total imports. Moreover, primary cell and battery imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. France (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Belgium totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and France (X% per year).

In value terms, the largest primary cell and battery suppliers to Luxembourg were Belgium ($X), Germany ($X) and Japan ($X), together comprising X% of total imports. France, the Netherlands, Poland, Spain and China lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, the Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the average primary cell and battery import price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, primary cell and battery import price increased by X% against 2019 indices. 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 2023, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Poland (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform