Vietnam - Lead-Acid Accumulators For Starting Piston Engines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingStarter Battery Price in Vietnam - 2021
Contents:
- Starter Battery Price in Vietnam (FOB) - 2022
- Starter Battery Price in Vietnam (CIF) - 2022
- Starter Battery Exports in Vietnam
- Starter Battery Imports in Vietnam
Starter Battery Price in Vietnam (FOB) - 2022
The average starter battery export price stood at $12 per unit in 2022, shrinking by -77.2% against the previous year. Over the period under review, the export price showed a deep reduction. The pace of growth was the most pronounced in 2017 an increase of 21%. The export price peaked at $55 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Myanmar.
From 2012 to 2022, the rate of growth in terms of prices for Brazil amounted to +0.8% per year.
Starter Battery Price in Vietnam (CIF) - 2022
In 2022, the average starter battery import price amounted to $51 per unit, declining by -3.2% against the previous year. Over the last decade, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 19% against the previous year. The import price peaked at $54 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2012 to 2022, the rate of growth in terms of prices for the Philippines amounted to +4.5% per year.
Starter Battery Exports in Vietnam
For the fourth consecutive year, Vietnam recorded growth in overseas shipments of lead-acid accumulators for starting piston engines, which increased by 290% to 9.8M units in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, starter battery exports dropped to $113M in 2022. Overall, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +14.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.8% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 31%. The exports peaked at $126M in 2021, and then contracted in the following year.
| Export of Starter Battery in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 3.0 | 3.0 | 0.6 | 105 | 227.1% |
| Germany | 4.9 | 6.1 | 4.7 | N/A | -2.1% |
| United States | 16.6 | 38.3 | 52.7 | N/A | 78.2% |
| Cambodia | 11.2 | 9.9 | 10.0 | N/A | -5.5% |
| Netherlands | 5.3 | 4.1 | 3.3 | N/A | -21.1% |
| Others | 34.0 | 37.3 | 55.2 | 7.5 | -39.6% |
| Total | 75.2 | 98.8 | 126 | 113 | 14.5% |
Top Export Markets for Starter Battery from Vietnam in 2022:
- Myanmar (9.6M units)
Starter Battery Imports in Vietnam
In 2022, the amount of lead-acid accumulators for starting piston engines imported into Vietnam declined notably to 605K units, with a decrease of -17.3% against the year before. In general, total imports indicated a pronounced increase from 2019 to 2022: its volume increased at an average annual rate of +3.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +26.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 53%. As a result, imports reached the peak of 732K units, and then fell dramatically in the following year.
In value terms, starter battery imports contracted significantly to $31M in 2022. Over the period under review, total imports indicated tangible growth from 2019 to 2022: its value increased at an average annual rate of +4.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +33.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 67%. As a result, imports reached the peak of $38M, and then declined sharply in the following year.
| Import of Starter Battery in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 0.4 | 0.8 | 1.9 | 30.7 | 325.0% |
| Thailand | 6.8 | 4.3 | 3.7 | N/A | -26.2% |
| South Korea | 11.6 | 11.2 | 21.3 | N/A | 35.5% |
| Germany | 0.8 | 0.8 | 0.7 | N/A | -6.5% |
| China | 1.7 | 2.0 | 6.8 | N/A | 100.0% |
| United States | 2.3 | 0.7 | 0.6 | N/A | -48.9% |
| Japan | 0.7 | 0.6 | 0.7 | N/A | 0.0% |
| Indonesia | 0.7 | 0.6 | 0.6 | N/A | -7.4% |
| Taiwan (Chinese) | 0.8 | 0.9 | 1.0 | N/A | 11.8% |
| Others | 1.5 | 1.2 | 1.1 | N/A | -14.4% |
| Total | 27.3 | 23.0 | 38.4 | 30.7 | 4.0% |
Top Suppliers of Starter Battery to Vietnam in 2022:
- United Arab Emirates (605.4K units)
This report provides an in-depth analysis of the starter battery market in Vietnam. 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:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- 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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