Republic of Korea - Lead-Acid Accumulators For Starting Piston Engines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingStarter Battery Price in South Korea - 2022
Contents:
- Starter Battery Price in South Korea (FOB) - 2022
- Starter Battery Price in South Korea (CIF) - 2022
- Starter Battery Exports in South Korea
- Starter Battery Imports in South Korea
Starter Battery Price in South Korea (FOB) - 2022
In 2022, the average starter battery export price amounted to $56 per unit, surging by 12% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2018 an increase of 36%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the near future.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Chile ($56 per unit) and Taiwan (Chinese) ($56 per unit), while the average price for exports to the United Arab Emirates ($56 per unit) and Thailand ($56 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.
Starter Battery Price in South Korea (CIF) - 2022
In 2022, the average starter battery import price amounted to $54 per unit, surging by 2.6% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 15% against the previous year. The import price peaked at $54 per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Austria ($54 per unit) and Italy ($54 per unit), while the price for Poland ($54 per unit) and Germany ($54 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Starter Battery Exports in South Korea
In 2022, approx. 32M units of lead-acid accumulators for starting piston engines were exported from South Korea; falling by -19.1% compared with the previous year's figure. In general, exports saw a deep downturn. The growth pace was the most rapid in 2021 with an increase of 8.8%. As a result, the exports attained the peak of 39M units, and then declined notably in the following year.
In value terms, starter battery exports reduced to $1.8B in 2022. The total export value increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. As a result, the exports attained the peak of $2B, and then contracted in the following year.
| Export of Starter Battery in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 320 | 335 | 454 | 474 | 14.0% |
| Japan | 144 | 143 | 189 | 169 | 5.5% |
| Australia | 115 | 124 | 137 | 142 | 7.3% |
| United Kingdom | 90.1 | 83.5 | 87.1 | 81.8 | -3.2% |
| Saudi Arabia | 68.9 | 72.1 | 56.3 | 77.5 | 4.0% |
| Canada | 52.7 | 60.7 | 50.6 | 70.4 | 10.1% |
| United Arab Emirates | 103 | 99.2 | 58.9 | 57.6 | -17.6% |
| Russia | 46.1 | 39.2 | 57.0 | 48.2 | 1.5% |
| Iraq | 25.0 | 37.0 | 66.0 | 44.1 | 20.8% |
| Thailand | 18.3 | 16.2 | 23.2 | 35.3 | 24.5% |
| Chile | 39.7 | 40.0 | 64.7 | 31.4 | -7.5% |
| Vietnam | 24.2 | 20.7 | 28.0 | 27.5 | 4.4% |
| Taiwan (Chinese) | 24.3 | 21.2 | 28.8 | 27.3 | 4.0% |
| Others | 654 | 627 | 691 | 516 | -7.6% |
| Total | 1,724 | 1,719 | 1,992 | 1,802 | 1.5% |
Top Export Markets for Starter Battery from South Korea in 2022:
- United States (8.4M units)
- Japan (3.0M units)
- Australia (2.5M units)
- Saudi Arabia (1.4M units)
- United Kingdom (1.4M units)
- Canada (1.2M units)
- United Arab Emirates (1.0M units)
- Russia (0.9M units)
- Iraq (0.8M units)
- Chile (0.6M units)
- Thailand (0.6M units)
- Taiwan (Chinese) (0.5M units)
- Vietnam (0.5M units)
Starter Battery Imports in South Korea
In 2022, purchases abroad of lead-acid accumulators for starting piston engines decreased by -30.5% to 430K units, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a mild slump. The pace of growth appeared the most rapid in 2020 when imports increased by 38%. As a result, imports reached the peak of 622K units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, starter battery imports contracted rapidly to $23M in 2022. In general, total imports indicated a mild expansion from 2019 to 2022: its value increased at an average annual rate of +1.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 36%. Over the period under review, imports hit record highs at $32M in 2021, and then shrank rapidly in the following year.
| Import of Starter Battery in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.9 | 11.1 | 10.0 | 10.6 | 39.6% |
| China | 1.0 | 1.5 | 7.2 | 6.1 | 82.7% |
| Vietnam | 0.3 | 0.6 | 0.4 | 1.8 | 81.7% |
| United States | 0.3 | 0.6 | 0.5 | 1.7 | 78.3% |
| Italy | 0.6 | 0.3 | 0.5 | 0.6 | 0.0% |
| Poland | 0.2 | 0.3 | 0.5 | 0.6 | 44.2% |
| United Arab Emirates | 15.3 | 14.8 | 12.0 | N/A | -11.4% |
| Others | 0.7 | 1.0 | 1.4 | 1.7 | 34.4% |
| Total | 22.2 | 30.2 | 32.5 | 23.1 | 1.3% |
Top Suppliers of Starter Battery to South Korea in 2022:
- Germany (196.4K units)
- China (113.6K units)
- Vietnam (34.1K units)
- United States (31.6K units)
- Italy (12.1K units)
- Poland (11.6K units)
This report provides an in-depth analysis of the starter battery market in Republic of Korea. 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 2030.
Product coverage:
- Prodcom 27202100 - Lead-acid accumulators for starting piston engines
- Prodcom 27202110 -
- Prodcom 27202120 -
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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