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

Market Size for Lead-Acid Accumulators (Excluding Starter Batteries) in the Middle East

In 2022, the Middle Eastern market for lead-acid accumulators (excluding starter batteries) increased by X% to $X, rising for the sixth year in a row after two years of decline. Overall, consumption recorded prominent growth. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Production of Lead-Acid Accumulators (Excluding Starter Batteries) in the Middle East

In value terms, lead-acid accumulators (excluding starter batteries) production expanded slightly to $X in 2022 estimated in export price. The total output 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 in certain years. The pace of growth was the most pronounced in 2013 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Exports of Lead-Acid Accumulators (Excluding Starter Batteries)

Exports in the Middle East

In 2022, shipments abroad of lead-acid accumulators (excluding starter batteries) increased by X% to X units, rising for the third consecutive year after three years of decline. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. The volume of export peaked in 2022 and is expected to retain growth in years to come.

In value terms, lead-acid accumulators (excluding starter batteries) exports soared to $X in 2022. In general, exports posted a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Exports by Country

The United Arab Emirates was the major exporter of lead-acid accumulators (excluding starter batteries) in the Middle East, with the volume of exports resulting at X units, which was near X% of total exports in 2022. It was distantly followed by Turkey (X units), creating a X% share of total exports. Oman (X units) and Saudi Arabia (X units) followed a long way behind the leaders.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Oman (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) and Oman (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (X p.p.) and Saudi Arabia (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest lead-acid accumulators (excluding starter batteries) supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

In the United Arab Emirates, lead-acid accumulators (excluding starter batteries) exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Oman (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per unit, dropping by X% against the previous year. Overall, the export price continues to indicate a mild downturn. The pace of growth appeared the most rapid in 2014 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Saudi Arabia ($X per unit) and Oman ($X per unit), while Turkey ($X per unit) and the United Arab Emirates ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Lead-Acid Accumulators (Excluding Starter Batteries)

Imports in the Middle East

For the seventh consecutive year, the Middle East recorded growth in purchases abroad of lead-acid accumulators (excluding starter batteries), which increased by X% to X units in 2022. Overall, imports saw a prominent expansion. The growth pace was the most rapid in 2019 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, lead-acid accumulators (excluding starter batteries) imports rose sharply to $X in 2022. Total imports indicated a prominent 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, imports increased by X% against 2017 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

Turkey was the largest importing country with an import of around X units, which finished at X% of total imports. The United Arab Emirates (X units) ranks second in terms of the total imports with a X% share, followed by Lebanon (X%). Iraq (X units), Oman (X units), Iran (X units) and Israel (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to lead-acid accumulators (excluding starter batteries) imports into Turkey stood at X%. At the same time, Iraq (X%), Lebanon (X%), Oman (X%), Israel (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. By contrast, Iran (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey and Lebanon increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Lebanon ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Lebanon, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of 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 the Middle East amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price, however, showed a slight reduction. The pace of growth was the most pronounced in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Oman ($X per unit), while Turkey ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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