Asia-Pacific: Accumulator Market 2024

Accumulator Market Size in Asia-Pacific

The Asia-Pacific accumulator market expanded sharply to $X in 2022, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Accumulator Production in Asia-Pacific

In value terms, accumulator production dropped modestly to $X,961.6B in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X,046.9B in 2019; however, from 2020 to 2022, production failed to regain momentum.

Accumulator Exports

Exports in Asia-Pacific

In 2022, overseas shipments of electric accumulators increased by X% to X units, rising for the sixth year in a row after two years of decline. In general, exports recorded a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, accumulator exports skyrocketed to $X in 2022. Over the period under review, exports posted a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the largest exporting country with an export of around X units, which reached X% of total exports. Hong Kong SAR (X units) took the second position in the ranking, distantly followed by Singapore (X units). All these countries together held approx. X% share of total exports. The following exporters - Thailand (X units), Taiwan (Chinese) (X units), Malaysia (X units) and South Korea (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to accumulator exports from China stood at X%. At the same time, Thailand (X%), Malaysia (X%), Taiwan (Chinese) (X%), Singapore (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. Hong Kong SAR experienced a relatively flat trend pattern. From 2012 to 2022, the share of China, Thailand and Singapore increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest accumulator supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with an X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

In China, accumulator exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, picking up by X% against the previous year. Export price indicated a buoyant 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. Based on 2022 figures, accumulator export price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2015 when the export price increased by X%. The level of export peaked in 2022 and is likely to continue growth in years to come.

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

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

Accumulator Imports

Imports in Asia-Pacific

After six years of growth, supplies from abroad of electric accumulators decreased by X% to X units in 2022. Total imports indicated a moderate increase from 2012 to 2022: its volume 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, imports increased by X% against 2015 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X units, and then declined in the following year.

In value terms, accumulator imports totaled $X in 2022. Over the period under review, imports, however, posted prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Imports by Country

Hong Kong SAR was the major importing country with an import of about X units, which amounted to X% of total imports. Malaysia (X units) held the second position in the ranking, followed by South Korea (X units), Singapore (X units), China (X units), India (X units), Vietnam (X units) and Taiwan (Chinese) (X units). All these countries together took near X% share of total imports.

Imports into Hong Kong SAR decreased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), South Korea (X%), Malaysia (X%), India (X%), Singapore (X%), China (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Malaysia (X p.p.), South Korea (X p.p.), Vietnam (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR 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, the largest accumulator importing markets in Asia-Pacific were South Korea ($X), Vietnam ($X) and Hong Kong SAR ($X), together comprising X% of total imports.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, among 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

In 2022, the import price in Asia-Pacific amounted to $X per unit, jumping by X% against the previous year. Import price indicated resilient growth 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. Based on 2022 figures, accumulator import price increased by X% against 2012 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Vietnam ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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