U.S. Storage Battery Market. Analysis And Forecast to 2030
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View PricingStorage Battery Price in the United States - 2023
Contents:
- Storage Battery Price in the United States (CIF) - 2023
- Storage Battery Price in the United States (FOB) - 2023
- Storage Battery Imports in the United States
- Storage Battery Exports in the United States
Storage Battery Price in the United States (CIF) - 2023
In August 2023, the average storage battery import price amounted to $23.2 per unit, approximately equating the previous month. In general, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 28% against the previous month. As a result, import price reached the peak level of $26.6 per unit. From February 2023 to August 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Mexico ($37.3 per unit), while the price for Malaysia ($11.7 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by South Korea (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Storage Battery Price in the United States (FOB) - 2023
The average storage battery export price stood at $58.1 per unit in August 2023, approximately mirroring the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.2%. The pace of growth was the most pronounced in April 2023 an increase of 18% against the previous month. Over the period under review, the average export prices hit record highs at $58.7 per unit in July 2023, and then reduced modestly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($131 per unit), while the average price for exports to Germany ($20.5 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.
Storage Battery Imports in the United States
In 2022, approx. 1.1B units of storage batteries were imported into the United States; surging by 19% against the year before. Over the period under review, imports saw a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 67%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, storage battery imports skyrocketed to $23.2B in 2022. In general, imports posted significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 59%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Storage Battery in the United States (Billion USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.3 | 2.5 | 5.3 | 10.7 | 66.9% |
| South Korea | 1.2 | 1.4 | 2.7 | 4.0 | 49.4% |
| Japan | 1.7 | 1.8 | 2.4 | 2.9 | 19.5% |
| Mexico | 1.1 | 1.2 | 1.4 | 1.5 | 10.9% |
| Vietnam | 0.3 | 0.4 | 0.5 | 0.8 | 38.7% |
| Malaysia | 0.1 | 0.2 | 0.3 | 0.5 | 71.0% |
| Others | 1.2 | 1.8 | 2.1 | 2.9 | 34.2% |
| Total | 7.9 | 9.2 | 14.7 | 23.2 | 43.2% |
Top Suppliers of Storage Battery to the United States in 2022:
- China (384.6M units)
- South Korea (305.7M units)
- Japan (213.9M units)
- Malaysia (62.0M units)
- Mexico (44.2M units)
- Vietnam (38.6M units)
Storage Battery Exports in the United States
For the fourth year in a row, the United States recorded growth in overseas shipments of storage batteries, which increased by 1.5% to 82M units in 2022. Over the period under review, total exports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +24.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +92.3% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 72% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, storage battery exports soared to $4.2B in 2022. The total export value increased at an average annual rate of +3.5% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Storage Battery in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 935 | 900 | 1,107 | 1,332 | 12.5% |
| Mexico | 685 | 513 | 685 | 582 | -5.3% |
| South Korea | 152 | 56.5 | 98.7 | 268 | 20.8% |
| Australia | 173 | 102 | 246 | 237 | 11.1% |
| United Kingdom | 316 | 216 | 153 | 216 | -11.9% |
| Japan | 140 | 61.1 | 68.5 | 187 | 10.1% |
| Netherlands | 314 | 287 | 121 | 186 | -16.0% |
| Germany | 59.5 | 61.4 | 101 | 139 | 32.7% |
| China | 108 | 276 | 83.6 | 91.8 | -5.3% |
| Poland | 47.7 | 88.9 | 117 | 63.6 | 10.1% |
| Others | 835 | 901 | 785 | 867 | 1.3% |
| Total | 3,765 | 3,462 | 3,565 | 4,169 | 3.5% |
Top Export Markets for Storage Battery from the United States in 2022:
- Mexico (22.7M units)
- Canada (18.1M units)
- Poland (5.4M units)
- Germany (4.3M units)
- South Korea (4.3M units)
- United Kingdom (2.9M units)
- Japan (2.5M units)
- Australia (2.3M units)
- China (2.1M units)
- Netherlands (1.7M units)
This report provides an in-depth analysis of the storage battery market in the U.S.. 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:
- NAICS 335911 - Storage battery manufacturing
Companies mentioned:
- Exide Technologies
- Enersys
- Ultralife Corporation
- B456 Systems
- Polypore International
- Eaglepicher Technologies
- Crown Battery Manufacturing Company
- Trojan Battery Company
- Energizer Battery Manufacturing
- Robert Bosch Battery Systems
- Tfi
- Bren-Tronics
- Valence Technology
- Enerdel
- Saft America
- Hrg Group
- Enersys Energy Products
- Superior Battery Manufacturing Company
- Ener1
- Mathews Associates
- Xalt Energy
- Panasonic Energy Corporation of America, Greatbatch
- Arotech Corporation
- Duracell International
- Enersys Delaware
- A & A Manufacturing Company
- Duracell
- Energizer Battery
- Ascent Batteries International
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
-
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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During the review period, the number of imports in the storage battery industry reached its peak in November 2022, with 114M units. However, from December 2022 to November 2023, imports showed a slightly lower figure. In terms of value, storage battery imports significantly grew to $2.7B in November 2023.
327
Imports of Storage Batteries in June 2023 decreased to $2.2B in terms of value.
171
In March 2023, the price of Storage Battery fell by -9.9% to $20.8 CIF (Cost, Insurance and Freight) per unit compared to the previous month.
322
In 2020, the amount of storage batteries imported into the U.S. skyrocketed to 645M units, rising by 40% against the previous year. In value terms, storage battery imports skyrocketed from $8.0B to $9.3B.
1057
The U.S. ranks second globally in storage battery imports with a X% share (based on USD), following China (X%). In 2015, U.S. storage battery imports totaled X million USD, which was X million USD (+X%) more than th
1289
The U.S. takes third place in global noncurrent-carrying wiring device exports with a X% share (based on USD), following China (X%) and Japan (X%). In 2015, the U.S. exported X million USD, -X% under the previous year.
211
The price of Switchgear And Switchboard Apparatus in August 2023 was $6.5 per unit (CIF, US), which remained relatively unchanged from the previous month.
274
In value terms, switchgear and switchboard apparatus imports soared to $1.7B in March 2023.
254
In November 2022, the switchgear and switchboard apparatus price amounted to $5.5 per unit (CIF, US), picking up by 9.5% against the previous month.
744
In value terms, switchgear and switchboard apparatus production amounted to $10.4B in 2018. Exports from the U.S.
