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

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

The East Asian market for lead-acid accumulators (excluding starter batteries) shrank slightly to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption enjoyed a measured increase. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

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

In value terms, lead-acid accumulators (excluding starter batteries) production fell to $X in 2022 estimated in export price. Overall, production enjoyed modest growth. The growth pace was the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

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Exports of Lead-Acid Accumulators (Excluding Starter Batteries)

Exports in Eastern Asia

Lead-acid accumulators (excluding starter batteries) exports expanded sharply to X units in 2022, picking up by X% compared with the previous year. Over the period under review, exports showed a slight increase. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, lead-acid accumulators (excluding starter batteries) exports rose sharply to $X in 2022. The total export 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 pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, resulting at X units, which was near X% of total exports in 2022. Taiwan (Chinese) (X units) took a relatively small share of total exports.

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, Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of China increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest lead-acid accumulators (excluding starter batteries) supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the export price, however, recorded tangible growth. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, the export prices hit record highs 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 Taiwan (Chinese) ($X per unit), while China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Imports of Lead-Acid Accumulators (Excluding Starter Batteries)

Imports in Eastern Asia

In 2022, approx. X units of lead-acid accumulators (excluding starter batteries) were imported in Eastern Asia; which is down by X% against 2021. In general, imports recorded a noticeable shrinkage. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, lead-acid accumulators (excluding starter batteries) imports dropped modestly to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The purchases of the three major importers of lead-acid accumulators (excluding starter batteries), namely China, Hong Kong SAR and Taiwan (Chinese), represented more than two-thirds of total import. It was distantly followed by Japan (X units) and South Korea (X units), together mixing up a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Japan ($X), Taiwan (Chinese) ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, with an increase of X% against the previous year. Import price indicated a temperate 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. Based on 2022 figures, lead-acid accumulators (excluding starter batteries) import price decreased by X% against 2017 indices. The growth pace was the most rapid in 2015 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per unit), while Hong Kong SAR ($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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