Report Republic of Korea - Lead-Acid Accumulators (Excluding Starter Batteries) - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Aug 5, 2022

Republic of Korea - Lead-Acid Accumulators (Excluding Starter Batteries) - Market Analysis, Forecast, Size, Trends and Insights
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Republic of Korea: Lead-Acid Accumulator Market 2022

Lead-Acid Accumulator Market Size in Republic of Korea

The South Korean lead-acid accumulator market soared to $X in 2021, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed a buoyant expansion. Lead-acid accumulator consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Lead-Acid Accumulator Exports

Exports from Republic of Korea

In 2021, shipments abroad of lead-acid accumulators (excluding starter batteries) increased by X% to X units, rising for the third consecutive year after two years of decline. Overall, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in years to come.

In value terms, lead-acid accumulator exports expanded to $X in 2021. In general, total exports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -X% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for lead-acid accumulator exports from South Korea, with a X% share of total exports. Moreover, lead-acid accumulator exports to the United States exceeded the volume sent to the second major destination, Japan (X units), fourfold. The third position in this ranking was held by Vietnam (X units), with a X% share.

From 2012 to 2021, 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: Japan (+X% per year) and Vietnam (+X% per year).

In value terms, the United States ($X) remains the key foreign market for lead-acid accumulator exports from South Korea, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+X% per year) and Vietnam (+X% per year).

Export Prices by Country

In 2021, the average lead-acid accumulator export price amounted to $X per unit, waning by -X% against the previous year. Overall, the export price showed a pronounced curtailment. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2021, the highest price was recorded for prices to the United Arab Emirates ($X per unit) and the United States ($X per unit), while the average price for exports to Taiwan (Chinese) ($X per unit) and Japan ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Lead-Acid Accumulator Imports

Imports into Republic of Korea

In 2021, the amount of lead-acid accumulators (excluding starter batteries) imported into South Korea soared to X units, growing by X% against the year before. Overall, imports saw a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, lead-acid accumulator imports soared to $X in 2021. Over the period under review, imports saw a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Vietnam (X units) and the United States (X units) were the main suppliers of lead-acid accumulator imports to South Korea, together accounting for X% of total imports.

From 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Vietnam ($X) constituted the largest lead-acid accumulator suppliers to South Korea, with a combined X% share of total imports. Japan and Germany lagged somewhat behind, together accounting for a further X the main suppliers, Germany, with a CAGR of +X%, recorded the highest rates of growth with regard to 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, rising by X% against the previous year. In general, the import price enjoyed modest growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per unit), while the price for Vietnam ($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 (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Base Year Historical Period Forecast Period Units
2021 2007-2021 2022-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for lead-acid accumulators (excluding starter batteries) in the world?
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The countries with the highest volumes of in 2021 were the United States, Germany and Italy, together accounting for 32% of global consumption. These countries were followed by France, Russia, the UK, South Africa, Brazil, the Philippines, Belgium, Turkey, Canada and Sweden, which together accounted for a further 32%.
What are the largest producers of lead-acid accumulators (excluding starter batteries) in the world?
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The countries with the highest volumes of in 2021 were China, the Netherlands and Vietnam, with a combined 54% share of global production. These countries were followed by Germany, Slovenia, the UK, Greece, Thailand, Bulgaria, Italy, Taiwan Chinese) and Malaysia, which together accounted for a further 37%.
What are the leading suppliers of lead-acid accumulators (excluding starter batteries) to Republic of Korea?
+
In value terms, the largest lead-acid accumulator suppliers to South Korea were China, the United States and Vietnam, together accounting for 77% of total imports. Japan and Germany lagged somewhat behind, together accounting for a further 11%.
What are the leading importers of lead-acid accumulators (excluding starter batteries) from Republic of Korea?
+
In value terms, the United States remains the key foreign market for lead-acid accumulator exports from South Korea, comprising 42% of total exports. The second position in the ranking was taken by Japan, with a 10% share of total exports. It was followed by Vietnam, with a 4.7% share.
What is the average export price for lead-acid accumulators (excluding starter batteries) in Republic of Korea?
+
In 2021, the average lead-acid accumulator export price amounted to $68 per unit, dropping by -12.7% against the previous year.
What is the average import price for lead-acid accumulators (excluding starter batteries) in Republic of Korea?
+
The average lead-acid accumulator import price stood at $28 per unit in 2021, with an increase of 16% against the previous year.

This report provides an in-depth analysis of the lead-acid accumulator market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 27202200 - Lead-acid accumulators (excluding starter batteries)
• Prodcom 27202230 -
• Prodcom 27202240 -
Country coverage:
• South Korea

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Republic of Korea
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2021
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2021
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2021
Table 2:
Market Volume, In Physical Terms, 2012–2021
Table 3:
Market Value, 2012–2021
Table 4:
Per Capita Consumption In 2012–2021
Table 5:
Imports, In Physical Terms, By Country, 2012–2021
Table 6:
Imports, In Value Terms, By Country, 2012–2021
Table 7:
Import Prices, By Country Of Origin, 2012–2021
Table 8:
Exports, In Physical Terms, By Country, 2012–2021
Table 9:
Exports, In Value Terms, By Country, 2012–2021
Table 10:
Export Prices, By Country Of Destination, 2012–2021
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2021
Figure 2:
Market Value, 2012–2021
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012–2021
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012–2021
Figure 5:
Trade Balance, In Physical Terms, 2012–2021
Figure 6:
Trade Balance, In Value Terms, 2012–2021
Figure 7:
Per Capita Consumption, 2012–2021
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2021
Figure 21:
Production, In Value Terms, 2012–2021
Figure 22:
Imports, In Physical Terms, 2012–2021
Figure 23:
Imports, In Value Terms, 2012–2021
Figure 24:
Imports, In Physical Terms, By Country, 2021
Figure 25:
Imports, In Physical Terms, By Country, 2012–2021
Figure 26:
Imports, In Value Terms, By Country, 2012–2021
Figure 27:
Import Prices, By Country Of Origin, 2012–2021
Figure 28:
Exports, In Physical Terms, 2012–2021
Figure 29:
Exports, In Value Terms, 2012–2021
Figure 30:
Exports, In Physical Terms, By Country, 2021
Figure 31:
Exports, In Physical Terms, By Country, 2012–2021
Figure 32:
Exports, In Value Terms, By Country, 2012–2021
Figure 33:
Export Prices, By Country Of Destination, 2012–2021
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