Greece: Starter Battery Market 2024

Starter Battery Market Size in Greece

The Greek starter battery market contracted to $X in 2022, leveling off at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Starter battery consumption peaked at $X in 2021, and then dropped slightly in the following year.

Starter Battery Production in Greece

In value terms, starter battery production expanded modestly to $X in 2022 estimated in export price. Overall, the total production indicated a buoyant 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, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Starter battery production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Starter Battery Exports

Exports from Greece

In 2022, shipments abroad 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. Overall, exports showed a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, starter battery exports expanded to $X in 2022. In general, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Jordan (X units) was the main destination for starter battery exports from Greece, with a X% share of total exports. Moreover, starter battery exports to Jordan exceeded the volume sent to the second major destination, Cyprus (X units), twofold. Bulgaria (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Jordan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (X% per year) and Bulgaria (X% per year).

In value terms, Jordan ($X), Cyprus ($X) and Australia ($X) appeared to be the largest markets for starter battery exported from Greece worldwide, with a combined X% share of total exports.

Among the main countries of destination, Australia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average starter battery export price stood at $X per unit in 2022, surging by X% against the previous year. Overall, the export price, however, showed a slight downturn. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

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 Germany ($X per unit), while the average price for exports to Albania ($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 more modest paces of growth.

Starter Battery Imports

Imports into Greece

In 2022, approx. X units of lead-acid accumulators for starting piston engines were imported into Greece; picking up by X% on 2021 figures. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, starter battery imports reduced to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

South Korea (X units), China (X units) and the Czech Republic (X units) were the main suppliers of starter battery imports to Greece, with a combined X% share of total imports. Italy, Turkey, Poland, Slovenia, Indonesia, Bulgaria, Hong Kong SAR, Germany and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest starter battery suppliers to Greece were South Korea ($X), the Czech Republic ($X) and Italy ($X), with a combined X% share of total imports. Turkey, China, Indonesia, Bulgaria, Slovenia, Poland, Germany, Hong Kong SAR and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Hong Kong SAR, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average starter battery import price amounted to $X per unit, which is down by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Bulgaria ($X per unit), while the price for Hong Kong SAR ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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