Republic of Korea - Primary Cells And Primary Batteries - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Primary Cells and Primary Batteries in South Korea - 2022
Contents:
- Price for Primary Cells and Primary Batteries in South Korea (CIF) - 2022
- Price for Primary Cells and Primary Batteries in South Korea (FOB) - 2022
- Imports of Primary Cells and Primary Batteries in South Korea
- Exports of Primary Cells and Primary Batteries in South Korea
Price for Primary Cells and Primary Batteries in South Korea (CIF) - 2022
In 2022, the average import price for primary cells and primary batteries amounted to $0.4 per unit, falling by -4.6% against the previous year. In general, the import price saw a slight setback. The pace of growth appeared the most rapid in 2013 when the average import price increased by 15%. As a result, import price reached the peak level of $0.5 per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($1.1 per unit), while the price for the UK ($0.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Primary Cells and Primary Batteries in South Korea (FOB) - 2022
In December 2022, the average export price for primary cells and primary batteries amounted to $2.2 per unit, increasing by 47% against the previous month. Over the period under review, export price indicated a notable expansion from December 2021 to December 2022: its price increased at an average monthly rate of +4.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, primary cells and primary batteries export price increased by +46.5% against November 2022 indices. The most prominent rate of growth was recorded in March 2022 when the average export price increased by 72% against the previous month. The export price peaked in December 2022.
There were significant differences in the average prices for the major overseas markets. In December 2022, the country with the highest price was Canada ($7.1 per unit), while the average price for exports to Thailand ($220 per thousand units) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+21.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Primary Cells and Primary Batteries in South Korea
Primary cells and primary batteries imports into South Korea expanded notably to 405M units in 2022, picking up by 8.3% on the previous year's figure. The total import volume increased at an average annual rate of +5.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 16%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, primary cells and primary batteries imports reached $157M in 2022. The total import value increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 6.8%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Primary Cells and Primary Batteries in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 66.8 | 77.0 | 84.0 | 99.1 | 14.1% |
| Singapore | 19.7 | 17.1 | 22.5 | 21.3 | 2.6% |
| Indonesia | 6.9 | 5.6 | 5.7 | 7.7 | 3.7% |
| United States | 20.5 | 13.9 | 11.5 | 7.2 | -29.4% |
| Japan | 9.9 | 7.0 | 7.5 | 6.9 | -11.3% |
| United Kingdom | 3.5 | 4.7 | 3.5 | 3.1 | -4.0% |
| Others | 14.5 | 17.3 | 17.6 | 12.1 | -5.9% |
| Total | 142 | 143 | 152 | 157 | 3.4% |
Top Suppliers of Primary Cells and Primary Batteries to South Korea in 2022:
- China (286.9M units)
- Singapore (70.1M units)
- United States (13.4M units)
- United Kingdom (11.9M units)
- Indonesia (8.5M units)
- Japan (6.1M units)
Exports of Primary Cells and Primary Batteries in South Korea
In 2022, the amount of primary cells and primary batteries exported from South Korea contracted notably to 53M units, waning by -41.8% against 2021 figures. In general, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, the exports attained the peak of 92M units, and then dropped dramatically in the following year.
In value terms, primary cells and primary batteries exports expanded significantly to $114M in 2022. Over the period under review, exports showed a slight reduction. Over the period under review, the exports hit record highs at $120M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Primary Cells and Primary Batteries in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 18.9 | 17.6 | 22.3 | 25.6 | 10.6% |
| Mexico | 30.0 | 21.1 | 16.0 | 15.7 | -19.4% |
| Russia | 2.4 | 2.7 | 4.1 | 4.9 | 26.9% |
| Hong Kong SAR | 0.8 | 2.5 | 3.0 | 4.3 | 75.2% |
| India | 10.9 | 3.5 | 1.8 | 4.1 | -27.8% |
| China | 3.3 | 3.1 | 3.5 | 4.1 | 7.5% |
| Poland | 1.7 | 2.0 | 2.1 | 2.6 | 15.2% |
| Vietnam | 2.3 | 2.6 | 1.8 | 2.4 | 1.4% |
| Japan | 1.1 | 0.6 | 1.3 | 1.3 | 5.7% |
| Indonesia | 0.6 | 0.7 | 1.0 | 1.2 | 26.0% |
| Slovenia | 0.6 | 0.2 | 0.4 | 0.9 | 14.5% |
| Brazil | 0.6 | 1.1 | 0.7 | 0.8 | 10.1% |
| Myanmar | 1.9 | 1.9 | 2.0 | N/A | 2.6% |
| Others | 45.0 | 44.7 | 42.0 | 45.9 | 0.7% |
| Total | 120 | 104 | 102 | 114 | -1.7% |
Top Export Markets for Primary Cells and Primary Batteries from South Korea in 2022:
- Myanmar (undefinedM units)
- Mexico (5.9M units)
- Vietnam (5.4M units)
- Indonesia (4.7M units)
- Hong Kong SAR (4.3M units)
- China (3.7M units)
- Brazil (3.3M units)
- United States (3.1M units)
- India (3.0M units)
- Slovenia (2.8M units)
- Russia (2.6M units)
- Japan (2.5M units)
- Poland (1.8M units)
This report provides an in-depth analysis of the market for primary cells and primary batteries in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27201100 - Primary cells and primary batteries
- Prodcom 27201110 -
- Prodcom 27201115 -
- Prodcom 27201120 -
- Prodcom 27201125 -
- Prodcom 27201130 -
- Prodcom 27201140 -
- Prodcom 27201150 -
- Prodcom 27201155 -
- Prodcom 27201160 -
- Prodcom 27201170 -
- Prodcom 27201175 -
- Prodcom 27201190 -
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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617
In value terms, waste and scrap of primary cells imports totaled $X in 2016. Overall, it indicated a measured expansion from 2007 to 2016: the total imports value increased at an average annual rat...
734
In value terms, waste and scrap of primary cells exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indi...
825
In 2016, approx. X tons of battery were imported worldwide- remaining stable against the previous year figure. The total import volume increased at an average annual rate of +X% over the period...
1047
In 2016, approx. X tons of battery were imported worldwide- remaining stable against the previous year figure. The total import volume increased at an average annual rate of +X% over the period...
188
Explore the top import markets for primary cells and batteries in the world. Discover key statistics and import values for countries such as the United States, Germany, Vietnam, and more.
