Myanmar: Lead-Acid Accumulator Market 2023

Lead-Acid Accumulator Market Size in Myanmar

In 2021, after two years of growth, there was significant decline in the Myanmar's lead-acid accumulator market, when its value decreased by -33.1% to $X. Overall, consumption, however, posted temperate growth. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Lead-Acid Accumulator Exports

Exports from Myanmar

In 2014, the amount of lead-acid accumulators (excluding starter batteries) exported from Myanmar amounted to X units, approximately reflecting the previous year's figure. Overall, exports saw a sharp downturn. The smallest decline of 99.9% was in 2013. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2014, the exports stood at a somewhat lower figure.

In value terms, lead-acid accumulator exports totaled $X in 2014. Over the period under review, exports enjoyed a significant expansion. The smallest decline of 99.9% was in 2013. The exports peaked in 2014 and are likely to see gradual growth in years to come.

Exports by Country

Thailand (X units) was the main destination for lead-acid accumulator exports from Myanmar, with a approx. 100% share of total exports.

From 2012 to 2014, the average annual rate of growth in terms of volume to Thailand was relatively modest.

From 2012 to 2014, the average annual rate of growth in terms of value to Thailand was relatively modest.

Export Prices by Country

The average lead-acid accumulator export price stood at $X per unit in 2014, approximately reflecting the previous year. In general, the export price enjoyed a significant expansion. The most prominent rate of growth was recorded in 2013 when the average export price decreased by 99.9% against the previous year. Over the period under review, the average export prices hit record highs in 2014 and is likely to see steady growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Thailand.

From 2012 to 2014, the rate of growth in terms of prices for Oman amounted to 0.0% per year.

Lead-Acid Accumulator Imports

Imports into Myanmar

In 2021, supplies from abroad of lead-acid accumulators (excluding starter batteries) decreased by -23.5% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, recorded a tangible increase. The pace of growth was the most pronounced in 2016 when imports increased by 606% against the previous year. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, lead-acid accumulator imports reduced remarkably to $X in 2021. Over the period under review, imports, however, posted a resilient expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 226%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest lead-acid accumulator supplier to Myanmar, accounting for a 69% share of total imports. Moreover, lead-acid accumulator imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), threefold. The third position in this ranking was taken by Mexico (X units), with a 1.6% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +7.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+66.4% per year) and Mexico (+818.6% per year).

In value terms, China ($X), Vietnam ($X) and Mexico ($X) were the largest lead-acid accumulator suppliers to Myanmar, together comprising 63% of total imports.

In terms of the main suppliers, Mexico, with a CAGR of +640.5%, recorded 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

The average lead-acid accumulator import price stood at $X per unit in 2021, dropping by -28.9% against the previous year. Over the period under review, the import price, however, posted a measured increase. The pace of growth appeared the most rapid in 2018 an increase of 73% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+27.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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