ASEAN: Accumulator Market 2024

Accumulator Market Size in ASEAN

For the third year in a row, the ASEAN accumulator market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level in 2022 and is likely to see gradual growth in the immediate term.

Accumulator Production in ASEAN

In value terms, accumulator production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Accumulator Exports

Exports in ASEAN

In 2022, after two years of growth, there was decline in shipments abroad of electric accumulators, when their volume decreased by X% to X units. Over the period under review, exports, however, saw a prominent increase. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2021, and then reduced slightly in the following year.

In value terms, accumulator exports surged to $X in 2022. In general, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Singapore was the main exporter of electric accumulators in ASEAN, with the volume of exports resulting at X units, which was approx. X% of total exports in 2022. Thailand (X units) ranks second in terms of the total exports with a X% share, followed by Malaysia (X%) and Vietnam (X%). The Philippines (X units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to accumulator exports from Singapore stood at X%. At the same time, Thailand (X%), Vietnam (X%), the Philippines (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. Thailand (X p.p.), Malaysia (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X), Malaysia ($X) and Singapore ($X) appeared to be the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

In terms of the main exporting countries, Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2018 when the export price increased by X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (X%), while the other leaders experienced a decline in the export price figures.

Accumulator Imports

Imports in ASEAN

In 2022, accumulator imports in ASEAN soared to X units, increasing by X% on the previous year. Over the period under review, imports posted resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked in 2022 and is likely to continue growth in years to come.

In value terms, accumulator imports expanded remarkably to $X in 2022. In general, imports enjoyed a resilient expansion. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Malaysia (X units), Singapore (X units) and Vietnam (X units) represented the largest importer of electric accumulators in ASEAN, constituting X% of total import. It was distantly followed by Thailand (X units) and the Philippines (X units), together generating an X% share of total imports. Indonesia (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported electric accumulators in ASEAN, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

In Vietnam, accumulator imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per unit, waning by X% against the previous year. Import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the import price increased by X%. The level of import peaked at $X per unit in 2021, and then reduced markedly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :