Latest Report Update: May 11, 2021

Finland - Primary Cells And Primary Batteries - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

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Finland: Battery Market Overview 2021

Battery Market Size in Finland

The Finnish battery market reduced sharply to $X in 2020, which is down by -X% against the previous year. Over the period under review, consumption faced a sharp curtailment. The most prominent rate of growth was recorded in 2011 when the market value increased by X% year-to-year. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2020, consumption failed to regain the momentum.

Battery Production in Finland

In value terms, battery production totaled $X in 2020 estimated in export prices. In general, the total production indicated a noticeable expansion from 2007 to 2020: its value decreased at an average annual rate of -X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2020 figures, production increased by +X% against 2007 indices. The pace of growth appeared the most rapid in 2011 when the production volume increased by X% y-o-y. Over the period under review, production hit record highs in 2020 and is expected to retain growth in the immediate term.

Battery Exports

Exports from Finland

In 2020, overseas shipments of primary cells and primary batteries decreased by -X% to X units for the first time since 2015, thus ending a four-year rising trend. Overall, exports saw a drastic downturn. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Exports peaked at X units in 2019, and then fell markedly in the following year.

In value terms, battery exports shrank to $X in 2020. In general, exports recorded a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Exports peaked at $X in 2019, and then contracted in the following year.

Exports by Country

Norway (X units) was the main destination for battery exports from Finland, accounting for a X% share of total exports. Moreover, battery exports to Norway exceeded the volume sent to the second major destination, Sweden (X units), threefold. The third position in this ranking was occupied by Estonia (X units), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume to Norway totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-X% per year) and Estonia (-X% per year).

In value terms, Norway ($X) remains the key foreign market for battery exports from Finland, comprising X% of total exports. The second position in the ranking was occupied by Estonia ($X), with a X% share of total exports. It was followed by Sweden, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Norway amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Estonia (+X% per year) and Sweden (+X% per year).

Export Prices by Country

In 2020, the average battery export price amounted to $X per unit, rising by X% against the previous year. Overall, the export price continues to indicate a significant increase. As a result, export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination; the country with the highest price was Estonia ($X per unit), while the average price for exports to Italy ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Estonia, while the prices for the other major destinations experienced more modest paces of growth.

Battery Imports

Imports into Finland

Battery imports into Finland reduced dramatically to X units in 2020, shrinking by -X% on the previous year. Over the period under review, imports recorded a significant contraction. The growth pace was the most rapid in 2011 when imports increased by X% y-o-y. Imports peaked at X units in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

In value terms, battery imports fell to $X in 2020. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2011 when imports increased by X% year-to-year. Imports peaked at $X in 2012; however, from 2013 to 2020, imports failed to regain the momentum.

Imports by Country

China (X units), Germany (X units) and Belgium (X units) were the main suppliers of battery imports to Finland, together comprising X% of total imports. Singapore, the U.S., Sweden and Malaysia lagged somewhat behind, together accounting for a further X 2007 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia, while imports for the other leaders experienced a decline.

In value terms, China ($X), Germany ($X) and Belgium ($X) appeared to be the largest battery suppliers to Finland, together accounting for X% of total imports. These countries were followed by Sweden, the U.S., Singapore and Malaysia, which together accounted for a further X the main suppliers, Malaysia recorded the highest growth rate of 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 2020, the average battery import price amounted to $X per unit, picking up by X% against the previous year. In general, the import price showed significant growth. 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 2020, the country with the highest price was Sweden ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for primary cells and primary batteries in the world?
+
The countries with the highest volumes of battery consumption in 2020 were India (16B units), China (12B units) and Japan (6.3B units), together accounting for 47% of global consumption. The U.S., Spain, Indonesia, Germany, Mozambique, the UK, Thailand, Mexico and Brazil lagged somewhat behind, together comprising a further 28%.
What are the largest producers of primary cells and primary batteries in the world?
+
The country with the largest volume of battery production was China (44B units), comprising approx. 48% of total volume. Moreover, battery production in China exceeded the figures recorded by the second-largest producer, India (16B units), threefold. The third position in this ranking was occupied by Japan (5.5B units), with a 6.1% share.
What are the leading suppliers of primary cells and primary batteries to Finland?
+
In value terms, the largest battery suppliers to Finland were China ($9.2M), Germany ($7.6M) and Belgium ($2.4M), with a combined 69% share of total imports. These countries were followed by Sweden, the U.S., Singapore and Malaysia, which together accounted for a further 17%.
What are the leading importers of primary cells and primary batteries from Finland?
+
In value terms, Norway ($912K) remains the key foreign market for battery exports from Finland, comprising 29% of total exports. The second position in the ranking was occupied by Estonia ($440K), with a 14% share of total exports. It was followed by Sweden, with a 7% share.
What is the average export price for primary cells and primary batteries in Finland?
+
The average battery export price stood at $11 per unit in 2020, picking up by 800% against the previous year.
What is the average import price for primary cells and primary batteries in Finland?
+
In 2020, the average battery import price amounted to $11 per unit, growing by 4,845% against the previous year.

Product coverage:
• Prodcom 27201100 - Primary cells and primary batteries

This report provides an in-depth analysis of the battery market in Finland. 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 2025.


Country coverage:
• Finland

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Finland
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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