Belgium: Starter Battery Market 2024

Starter Battery Market Size in Belgium

The Belgian starter battery market fell notably to $X in 2022, which is down by X% against the previous year. In general, consumption showed a pronounced slump. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Starter Battery Production in Belgium

In value terms, starter battery production shrank to $X in 2022 estimated in export price. Overall, production, however, recorded noticeable growth. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

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

Starter Battery Exports

Exports from Belgium

In 2022, overseas shipments of lead-acid accumulators for starting piston engines increased by X% to X units, rising for the fifth year in a row after three years of decline. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, starter battery exports reduced slightly to $X in 2022. In general, exports, however, recorded a perceptible setback. The pace of growth was the most pronounced in 2020 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

France (X units), the Netherlands (X units) and Germany (X units) were the main destinations of starter battery exports from Belgium, with a combined X% share of total exports. Italy, Spain, the UK, Austria, Poland and Sweden lagged somewhat behind, together comprising a further X%.

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

In value terms, France ($X), the Netherlands ($X) and Germany ($X) appeared to be the largest markets for starter battery exported from Belgium worldwide, together accounting for X% of total exports. Spain, Italy, the UK, Austria, Poland and Sweden lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Austria, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average starter battery export price amounted to $X per unit, reducing by X% against the previous year. Overall, the export price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%), while the prices for the other major destinations experienced a decline.

Starter Battery Imports

Imports into Belgium

In 2022, overseas purchases of lead-acid accumulators for starting piston engines decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports recorded a perceptible decline. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, starter battery imports shrank to $X in 2022. Overall, imports saw a mild decline. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

France (X units), China (X units) and Vietnam (X units) were the main suppliers of starter battery imports to Belgium, with a combined X% share of total imports. Germany, Poland, the Netherlands, Switzerland, the United States, Spain, South Korea, Italy, the UK and Lithuania lagged somewhat behind, together comprising a further X%.

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

In value terms, France ($X), Germany ($X) and Poland ($X) appeared to be the largest starter battery suppliers to Belgium, with a combined X% share of total imports. The Netherlands, China, the United States, Vietnam, Switzerland, Spain, South Korea, Italy, the UK and Lithuania lagged somewhat behind, together accounting for a further X%.

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

Import Prices by Country

The average starter battery import price stood at $X per unit in 2022, dropping by X% against the previous year. In general, import price indicated a modest expansion 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 most prominent rate of growth was recorded in 2019 an increase of X%. The import price peaked at $X per unit in 2021, and then fell in the following year.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :