Which Country Imports the Most Electric Accumulators in the World?

IndexBox has just published a new report "World: Electric Accumulators - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, approx. 6.9M tonnes of accumulator were imported worldwide- increasing by 2% against the previous year level. The total import volume increased at an average annual rate of +3.3% from 2007 to 2016- however, the trend pattern indicated some noticeable fluctuations over the period under review. The growth pace was the most rapid in 2010, when import increased by 10% year-to-year. Over the period under review, global accumulator imports reached its maximum volume in 2016, and are expected to retain its growth in the near future.

In value terms, accumulator imports stood at $37B in 2016. The total import value increased at an average annual rate of +4.3% over the period from 2007 to 2016- however, the trend pattern indicated some noticeable fluctuations throughout the analyzed period. Over the period under review, global accumulator imports reached its maximum level in 2016, and are expected to retain its growth in the immediate term.

Top Accumulator Importing Countries in the World

1. Germany (3.1 billion USD)

2. France (1.5 billion USD)

3. United Kingdom (1.2 billion USD)

4. Netherlands (1.1 billion USD)

5. Mexico (1.1 billion USD)

6. Viet Nam (1.0 billion USD)

7. Italy (0.8 billion USD)

8. South Korea (0.7 billion USD)

9. Spain (0.5 billion USD)

10. Poland (0.5 billion USD)

11. Czech Republic (0.5 billion USD)

12. United Arab Emirates (0.4 billion USD)

Accumulator Imports By Country

In 2016, South Korea (808K tonnes), followed by Germany (533K tonnes), Spain (444K tonnes), Italy (365K tonnes), and France (355K tonnes) represented the largest importers of accumulator, together comprising 36% of total imports. Czech Republic (287K tonnes), Mexico (267K tonnes), the UK (238K tonnes), Poland (235K tonnes), the Netherlands (218K tonnes), Viet Nam (174K tonnes), and United Arab Emirates (163K tonnes) followed a long way behind this figure.

From 2007 to 2016, the most notable growth rate of accumulator imports, among the main importing countries, was attained by United Arab Emirates (+11.1% per year), while the other global leaders experienced more modest paces of growth.

In value terms, Germany ($3.1B) constitutes the largest market for imported accumulator worldwide, making up 8% of global imports. The second position in the ranking was occupied by France ($1.5B), with the share of 4% of global imports. It was followed by the UK, with the share of 3%.

From 2007 to 2016, the average annual growth rate of value of accumulator imports in Germany expanded at +7.1%. The remaining importing countries recorded the following average annual rates: France (+7.2% per year) and the UK (+5.6% per year).

Accumulator Import Prices By Country

The average accumulator import price stood at $5,404 per tonne in 2016, jumping by 3% against the previous year. Overall, accumulator import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010, when import increased by 9% year-to-year. Global accumulator import peaked of $5,577 per tonne in 2014- however, from 2015 to 2016, it stood at a somewhat lower level.

Import prices varied noticeably by country of destination. the country with the highest import prices was Germany ($5,871 per tonne), while South Korea ($873 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of accumulator import prices was attained by Viet Nam (+40.1% per year), while the other global leaders experienced more modest paces of growth.

Do you want to know more about global accumulator market? Get the latest trends and insight from our report. It includes a wide range of statistics on

• accumulator market share
• accumulator prices
• accumulator industry
• accumulator sales
• accumulator import
• accumulator export
• accumulator market forecast
• accumulator price forecast
• key accumulator producers

All data provided in this article covers the following product: HS Code 8507 - Electric accumulators, including separators therefor- whether or not rectangular (including square).

Source: World: Electric Accumulators - Market Report. Analysis and Forecast to 2025