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

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

For the third year in a row, the Malaysian market for lead-acid accumulators (excluding starter batteries) recorded decline in sales value, which decreased by X% to $X in 2022. Over the period under review, consumption saw a deep slump. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Exports of Lead-Acid Accumulators (Excluding Starter Batteries)

Exports from Malaysia

In 2022, lead-acid accumulators (excluding starter batteries) exports from Malaysia soared to X units, increasing by X% against the previous year. Over the period under review, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2019 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, lead-acid accumulators (excluding starter batteries) exports skyrocketed to $X in 2022. In general, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for lead-acid accumulators (excluding starter batteries) exports from Malaysia, with a X% share of total exports. Moreover, lead-acid accumulators (excluding starter batteries) exports to the United States exceeded the volume sent to the second major destination, Turkey (X units), sixfold. Saudi Arabia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Saudi Arabia (X% per year).

In value terms, the United States ($X) remains the key foreign market for lead-acid accumulators (excluding starter batteries) exports from Malaysia, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with an X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the average export price for lead-acid accumulators (excluding starter batteries) amounted to $X per unit, growing by X% against the previous year. Overall, the export price, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2014 when the average export price increased by 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to Saudi Arabia ($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 Thailand (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Lead-Acid Accumulators (Excluding Starter Batteries)

Imports into Malaysia

Lead-acid accumulators (excluding starter batteries) imports into Malaysia dropped remarkably to X units in 2022, shrinking by X% compared with 2021 figures. Overall, imports, however, saw prominent growth. The growth pace was the most rapid in 2019 when imports increased by X%. Over the period under review, imports attained the peak figure at X units in 2021, and then fell notably in the following year.

In value terms, lead-acid accumulators (excluding starter batteries) imports reduced notably to $X in 2022. In general, imports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2019 when imports increased by X%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main lead-acid accumulators (excluding starter batteries) supplier to Malaysia, accounting for a X% share of total imports. It was followed by Vietnam (X units), with a X% share of total imports. Thailand (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Thailand (X% per year).

In value terms, China ($X) constituted the largest supplier of lead-acid accumulators (excluding starter batteries) to Malaysia, comprising X% of total imports. The second position in the ranking was taken by Thailand ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Vietnam (X% per year).

Import Prices by Country

The average import price for lead-acid accumulators (excluding starter batteries) stood at $X per unit in 2022, growing by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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