Republic of Korea: Market for Primary Cells And Primary Batteries 2024

Market Size for Primary Cells And Primary Batteries in Republic of Korea

In 2022, the South Korean market for primary cells and primary batteries increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Primary Cells And Primary Batteries in Republic of Korea

In value terms, primary cells and primary batteries production fell to $X in 2022 estimated in export price. In general, production, however, showed a mild curtailment. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Exports of Primary Cells And Primary Batteries

Exports from Republic of Korea

In 2022, the amount of primary cells and primary batteries exported from South Korea declined significantly to X units, falling by X% on the previous year's figure. In general, exports recorded a perceptible decline. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The exports peaked at X units in 2021, and then dropped dramatically in the following year.

In value terms, primary cells and primary batteries exports rose significantly to $X in 2022. Over the period under review, total exports indicated tangible growth from 2012 to 2022: its value 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. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico (X units), Vietnam (X units) and Indonesia (X units) were the main destinations of primary cells and primary batteries exports from South Korea, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (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 cells and primary batteries exported from South Korea were the United States ($X), Mexico ($X) and Russia ($X), with a combined X% share of total exports. Hong Kong SAR, India, China, Poland, Vietnam, Japan, Indonesia, Slovenia, Brazil and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.

Vietnam, 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

In 2022, the average export price for primary cells and primary batteries amounted to $X per unit, rising by X% against the previous year. In general, the export price posted resilient growth. Over the period under review, the average export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Indonesia ($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 the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Primary Cells And Primary Batteries

Imports into Republic of Korea

Primary cells and primary batteries imports into South Korea rose remarkably to X units in 2022, increasing by X% on the year before. In general, imports continue to indicate prominent growth. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, primary cells and primary batteries imports totaled $X in 2022. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its value 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, imports increased by X% against 2012 indices. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of primary cells and primary batteries to South Korea, accounting for a X% share of total imports. Moreover, primary cells and primary batteries imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), fourfold. The UK (X units) ranked third in terms of total imports with a X% share.

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

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

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2022, the average import price for primary cells and primary batteries amounted to $X per unit, which is down by X% against the previous year. In general, the import price continues to indicate a mild reduction. The growth pace was the most rapid in 2013 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :