Asia: Market for Lead-Acid Accumulators (Excluding Starter Batteries) 2024

Market Size for Lead-Acid Accumulators (Excluding Starter Batteries) in Asia

The Asian market for lead-acid accumulators (excluding starter batteries) was finally on the rise to reach $X in 2022, after three years of decline. The total consumption indicated a temperate increase from 2012 to 2022: its value 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. Based on 2022 figures, consumption decreased by X% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Lead-Acid Accumulators (Excluding Starter Batteries) in Asia

In value terms, lead-acid accumulators (excluding starter batteries) production contracted modestly to $X in 2022 estimated in export price. Overall, production enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Lead-Acid Accumulators (Excluding Starter Batteries)

Exports in Asia

In 2022, the amount of lead-acid accumulators (excluding starter batteries) exported in Asia rose rapidly to X units, growing by X% on 2021. Overall, exports showed moderate growth. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, lead-acid accumulators (excluding starter batteries) exports surged to $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value 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. Based on 2022 figures, exports increased by X% against 2016 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, recording X units, which was near X% of total exports in 2022. Vietnam (X units) ranks second in terms of the total exports with a X% share, followed by Singapore (X%). The United Arab Emirates (X units), Malaysia (X units), India (X units) and Taiwan (Chinese) (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to lead-acid accumulators (excluding starter batteries) exports from China stood at X%. At the same time, the United Arab Emirates (X%), India (X%), Vietnam (X%), Malaysia (X%), Singapore (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Vietnam (X p.p.), the United Arab Emirates (X p.p.), Singapore (X p.p.), Malaysia (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the total exports, while China 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, China ($X) remains the largest lead-acid accumulators (excluding starter batteries) supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports. It was followed by India, with an X% share.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, increasing by X% against the previous year. In general, the export price recorded noticeable growth. The pace of growth was the most pronounced in 2015 an increase of X%. The level of export peaked at $X per unit in 2016; however, from 2017 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 India ($X per unit), while Singapore ($X per unit) was amongst the lowest.

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

Imports of Lead-Acid Accumulators (Excluding Starter Batteries)

Imports in Asia

In 2022, imports of lead-acid accumulators (excluding starter batteries) in Asia expanded markedly to X units, growing by X% against 2021. Overall, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, lead-acid accumulators (excluding starter batteries) imports rose markedly to $X in 2022. The total import 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. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

India was the main importing country with an import of around X units, which recorded X% of total imports. Turkey (X units) ranks second in terms of the total imports with a X% share, followed by the Philippines (X%). Malaysia (X units), the United Arab Emirates (X units), Singapore (X units), Thailand (X units), China (X units), Hong Kong SAR (X units) and Taiwan (Chinese) (X units) followed a long way behind the leaders.

India was also the fastest-growing in terms of the lead-acid accumulators (excluding starter batteries) imports, with a CAGR of X% from 2012 to 2022. At the same time, Turkey (X%), Malaysia (X%), the Philippines (X%), Taiwan (Chinese) (X%), the United Arab Emirates (X%) and Singapore (X%) displayed positive paces of growth. By contrast, Thailand (X%), China (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of India and Turkey increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest lead-acid accumulators (excluding starter batteries) importing markets in Asia were the United Arab Emirates ($X), the Philippines ($X) and Turkey ($X), together accounting for X% of total imports.

The Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the import price showed a pronounced downturn. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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