Report Update: Apr 1, 2024

Philippines - Lead-Acid Accumulators For Starting Piston Engines - Market Analysis, Forecast, Size, Trends And Insights

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Starter Battery Price in the Philippines - 2023

Starter Battery Price in the Philippines (FOB) - 2023

In June 2023, the average starter battery export price amounted to $10.3 per unit, with an increase of 24% against the previous month. In general, export price indicated a moderate expansion from June 2022 to June 2023: its price increased at an average monthly rate of +4.8% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, starter battery export price increased by +50.8% against April 2023 indices. The most prominent rate of growth was recorded in November 2022 an increase of 49% month-to-month. The export price peaked at $10.5 per unit in March 2023; however, from April 2023 to June 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was the United States ($44.7 per unit), while the average price for exports to Malaysia ($6.0 per unit) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.

Starter Battery Price in the Philippines (CIF) - 2022

In 2022, the average starter battery import price amounted to $21 per unit, reducing by -8.7% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, starter battery import price decreased by -17.4% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 46%. Over the period under review, average import prices hit record highs at $26 per unit in 2020; however, from 2021 to 2022, import prices stood 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 Thailand ($35 per unit), while the price for Vietnam ($8.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Starter Battery Exports in the Philippines

In 2022, the amount of lead-acid accumulators for starting piston engines exported from the Philippines rose sharply to 16M units, surging by 8.1% on the previous year's figure. The total export volume increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 9.7% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, starter battery exports contracted slightly to $112M in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 0.7%. As a result, the exports attained the peak of $115M. From 2021 to 2022, the growth of the exports failed to regain momentum.

Export of Starter Battery in the Philippines (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Malaysia	51.7	47.8	48.5	53.7	1.3%
Australia	43.7	43.7	40.3	36.8	-5.6%
United States	8.8	16.4	19.4	13.6	15.6%
Others	10.4	7.6	6.6	7.6	-9.9%
Total	115	115	115	112	-0.9%

Top Export Markets for Starter Battery from the Philippines in 2022:

Malaysia (13.5M units)
Australia (1.6M units)
United States (0.5M units)

Starter Battery Imports in the Philippines

Starter battery imports into the Philippines amounted to 2.1M units in 2022, picking up by 4.4% on the previous year's figure. The total import volume increased at an average annual rate of +1.0% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, starter battery imports shrank slightly to $44M in 2022. The total import value increased at an average annual rate of +2.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 11%. As a result, imports attained the peak of $46M, and then contracted modestly in the following year.

Import of Starter Battery in the Philippines (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
India	7.1	6.1	9.7	12.4	20.4%
Indonesia	9.5	10.6	12.6	9.2	-1.1%
Thailand	11.6	7.1	9.5	7.9	-12.0%
China	3.7	2.7	3.3	6.0	17.5%
South Korea	2.2	2.2	3.7	2.7	7.1%
Japan	1.1	1.0	1.2	1.9	20.0%
Singapore	1.4	0.8	1.4	1.2	-5.0%
Hong Kong SAR	0.1	0.1	N/A	1.1	122.4%
Vietnam	1.2	9.5	0.5	0.3	-37.0%
Others	2.6	1.1	3.8	1.0	-27.3%
Total	40.4	41.3	45.8	43.6	2.6%

Top Suppliers of Starter Battery to the Philippines in 2022:

China (602.2K units)
Indonesia (573.3K units)
India (355.6K units)
Thailand (224.8K units)
South Korea (104.3K units)
Japan (79.1K units)
Hong Kong SAR (49.2K units)
Vietnam (30.5K units)
Singapore (13.5K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the starter battery market in the Philippines. 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:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023