Belgium: Market for Primary Cells and Batteries 2024

Market Size for Primary Cells and Batteries in Belgium

The Belgian primary cell and battery market surged to $X in 2022, picking up by X% against the previous year. Overall, consumption recorded a significant expansion. Primary cell and battery consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Primary Cells and Batteries in Belgium

In value terms, primary cell and battery production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production saw a mild expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Primary Cells and Batteries

Exports from Belgium

In 2022, overseas shipments of primary cells and batteries decreased by X% to X units, falling for the second consecutive year after two years of growth. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, primary cell and battery exports dropped rapidly to $X in 2022. Overall, exports recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2020 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X units), France (X units) and the United States (X units) were the main destinations of primary cell and battery exports from Belgium, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Poland ($X) constituted the largest markets for primary cell and battery exported from Belgium worldwide, together accounting for X% of total exports. Spain, Italy, the Netherlands, the United States, the UK, Sweden, Turkey and Russia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the United States, with a CAGR of X%, recorded the highest growth rate of the value of exports, 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 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, saw a noticeable decline. The growth pace was the most rapid in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (X%), while the prices for the other major destinations experienced a decline.

Imports of Primary Cells and Batteries

Imports into Belgium

After three years of growth, supplies from abroad of primary cells and batteries decreased by X% to X units in 2022. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2021, and then reduced markedly in the following year.

In value terms, primary cell and battery imports amounted to $X in 2022. Overall, imports, however, enjoyed mild growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, Poland (X units) constituted the largest primary cell and battery supplier to Belgium, accounting for a X% share of total imports. Moreover, primary cell and battery imports from Poland exceeded the figures recorded by the second-largest supplier, the UK (X units), fivefold. The third position in this ranking was taken by China (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Poland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (X% per year) and China (X% per year).

In value terms, Poland ($X) constituted the largest supplier of primary cells and batteries to Belgium, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by the Netherlands, with an X% share.

From 2012 to 2022, the average annual growth rate of value from Poland totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average primary cell and battery import price stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 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.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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