Global Battery Market Overview
In value terms, battery production amounted to $ in 2019 estimated in export prices. The total output value increased at an average annual rate of +% from 2007 to 2019; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2008 with an increase of % year-to-year. Global production peaked in 2019 and is expected to retain growth in the near future.
The country with the largest volume of battery production was China ( units), comprising approx. % of total volume. Moreover, battery production in China exceeded the figures recorded by the second-largest producer, India ( units), threefold. The third position in this ranking was occupied by Indonesia ( units), with a % share.
In China, battery production expanded at an average annual rate of +% over the period from 2007-2019. In the other countries, the average annual rates were as follows: India (+% per year) and Indonesia (+% per year).
The global battery market revenue was estimated at $ in 2019, flattening at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the market value increased by % against the previous year. Global consumption peaked at $ in 2011; however, from 2012 to 2019, consumption failed to regain the momentum.
From 2007 to 2019, the most notable rate of growth in terms of battery consumption, amongst the leading consuming countries, was attained by Mozambique, while battery consumption for the other global leaders experienced more modest paces of growth.
In value terms, India ($), the U.S. ($) and Japan ($) appeared to be the countries with the highest levels of market value in 2019, with a combined % share of the global market. Mexico, China, Indonesia, Germany, the UK, South Korea, China, Hong Kong SAR, Russia, Brazil and Mozambique lagged somewhat behind, together comprising a further %.
In terms of the main consuming countries, Mozambique recorded the highest rates of growth with regard to market size, over the period under review, while battery market for the other global leaders experienced more modest paces of growth.
In 2019, the highest levels of battery per capita consumption was registered in China, Hong Kong SAR ( units per person), followed by Mozambique ( units per person), Japan ( units per person) and Germany ( units per person), while the world average per capita consumption of battery was estimated at units per person.
In China, Hong Kong SAR, battery per capita consumption increased at an average annual rate of +% over the period from 2007-2019. In the other countries, the average annual rates were as follows: Mozambique (+% per year) and Japan (+% per year).