Report ASEAN - Electric Accumulators - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Jan 11, 2023

ASEAN - Electric Accumulators - Market Analysis, Forecast, Size, Trends and Insights

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ASEAN: Accumulator Market 2023

Accumulator Market Size in ASEAN

For the third year in a row, the ASEAN accumulator market recorded growth in sales value, which increased by 77% to $X in 2021. Over the period under review, consumption saw a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Accumulator Production in ASEAN

In value terms, accumulator production reduced to $X in 2021 estimated in export price. The total production indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +79.3% against 2016 indices. The pace of growth appeared the most rapid in 2020 with an increase of 21% against the previous year. As a result, production reached the peak level of $X, and then reduced in the following year.

Accumulator Exports

Exports in ASEAN

Accumulator exports soared to X units in 2021, jumping by 27% compared with 2020. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 89%. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, accumulator exports expanded significantly to $X in 2021. Over the period under review, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 46%. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

In 2021, Malaysia (X units) and Singapore (X units) were the major exporters of electric accumulators in ASEAN, together recording near 61% of total exports. Vietnam (X units) held a 19% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (13%) and Indonesia (4.9%).

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Thailand (with a CAGR of +39.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest accumulator supplying countries in ASEAN were Vietnam ($X), Singapore ($X) and Malaysia ($X), with a combined 83% share of total exports.

Vietnam, with a CAGR of +15.9%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per unit, reducing by -10.2% against the previous year. Overall, the export price showed a deep slump. The pace of growth appeared the most rapid in 2018 when the export price increased by 15%. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Vietnam ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (-1.4%), while the other leaders experienced a decline in the export price figures.

Accumulator Imports

Imports in ASEAN

In 2021, the amount of electric accumulators imported in ASEAN skyrocketed to X units, jumping by 152% against 2020. In general, imports enjoyed a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, accumulator imports soared to $X in 2021. Overall, imports enjoyed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Vietnam dominates imports structure, amounting to X units, which was near 64% of total imports in 2021. Indonesia (X units) took the second position in the ranking, followed by Singapore (X units), Malaysia (X units), Thailand (X units) and the Philippines (X units). All these countries together took approx. 36% share of total imports.

Vietnam was also the fastest-growing in terms of the electric accumulators imports, with a CAGR of +26.7% from 2012 to 2021. At the same time, the Philippines (+24.7%), Indonesia (+14.8%), Malaysia (+4.8%), Thailand (+2.8%) and Singapore (+1.6%) displayed positive paces of growth. While the share of Vietnam (+37 p.p.) and the Philippines (+2.6 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Malaysia (-10.1 p.p.), Thailand (-10.1 p.p.) and Singapore (-17 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) constitutes the largest market for imported electric accumulators in ASEAN, comprising 57% of total imports. The second position in the ranking was held by Malaysia ($X), with a 9.4% share of total imports. It was followed by Thailand, with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Vietnam amounted to +31.3%. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (+3.5% per year) and Thailand (+7.5% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2021, which is down by -48.5% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 19% against the previous year. The level of import peaked at $X per unit in 2020, and then shrank notably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Thailand ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+4.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for electric accumulators in ASEAN?
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Vietnam remains the largest accumulator consuming country in ASEAN, accounting for 45% of total volume. Moreover, accumulator consumption in Vietnam exceeded the figures recorded by the second-largest consumer, Singapore, twofold. Indonesia ranked third in terms of total consumption with a 14% share.
What are the largest producers of electric accumulators in ASEAN?
+
The countries with the highest volumes of production in 2021 were Singapore, Malaysia and Thailand, with a combined 88% share of total production.
What are the leading suppliers of electric accumulators in ASEAN?
+
In value terms, the largest accumulator supplying countries in ASEAN were Vietnam, Singapore and Malaysia, with a combined 83% share of total exports.
What are the leading importers of electric accumulators in ASEAN?
+
In value terms, Vietnam constitutes the largest market for imported electric accumulators in ASEAN, comprising 57% of total imports. The second position in the ranking was held by Malaysia, with a 9.4% share of total imports. It was followed by Thailand, with an 8.5% share.
What is the average export price for electric accumulators in ASEAN?
+
In 2021, the export price in ASEAN amounted to $2.7 per unit, falling by -10.2% against the previous year.
What is the average import price for electric accumulators in ASEAN?
+
In 2021, the import price in ASEAN amounted to $3.7 per unit, falling by -48.5% against the previous year.

This report provides an in-depth analysis of the accumulator market in ASEAN. 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 27202210 -
• Prodcom 27202250 -
• Prodcom 27202300 - Nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer, nickel-iron and other electric accumulators
Country coverage:
• Brunei Darussalam
• Cambodia
• Lao People's Democratic Republic

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in ASEAN, split by region and country
• Trade (exports and imports) in ASEAN
• 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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

• Brunei Darussalam
• Cambodia
• Indonesia
• Malaysia
• Myanmar
• Philippines
• Singapore
• Thailand
• Vietnam
• Lao People's Democratic Republic
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption, By Country, 2018–2022
Table 5:
Production, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Physical Terms, By Country, 2012–2022
Table 7:
Imports, In Value Terms, By Country, 2012–2022
Table 8:
Import Prices, By Country Of Destination, 2012–2022
Table 9:
Exports, In Physical Terms, By Country, 2012–2022
Table 10:
Exports, In Value Terms, By Country, 2012–2022
Table 11:
Export Prices, By Country Of Origin, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Consumption, By Country, 2022
Figure 4:
Market Forecast To 2030
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2012–2022
Figure 17:
Production, In Value Terms, 2012–2022
Figure 18:
Production, By Country, 2022
Figure 19:
Production, In Physical Terms, By Country, 2012–2022
Figure 20:
Imports, In Physical Terms, 2012–2022
Figure 21:
Imports, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, By Country, 2022
Figure 23:
Imports, In Physical Terms, By Country, 2012–2022
Figure 24:
Imports, In Value Terms, By Country, 2012–2022
Figure 25:
Import Prices, By Country, 2012–2022
Figure 26:
Exports, In Physical Terms, 2012–2022
Figure 27:
Exports, In Value Terms, 2012–2022
Figure 28:
Exports, In Physical Terms, By Country, 2022
Figure 29:
Exports, In Physical Terms, By Country, 2012–2022
Figure 30:
Exports, In Value Terms, By Country, 2012–2022
Figure 31:
Export Prices, 2012–2022
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