South-Eastern Asia: Accumulator Market 2024

Accumulator Market Size in South-Eastern Asia

The Southeast Asian accumulator market expanded modestly to $X in 2022, with an increase of X% against the previous year. The market 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. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Accumulator Production in South-Eastern Asia

In value terms, accumulator production stood at $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 throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

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Accumulator Exports

Exports in South-Eastern Asia

After two years of growth, overseas shipments of electric accumulators decreased by X% to X units in 2022. In general, exports, however, continue to indicate resilient growth. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2021, and then dropped in the following year.

In value terms, accumulator exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a resilient expansion. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

In 2022, Singapore (X units) represented the key exporter of electric accumulators, constituting X% of total exports. It was distantly followed by Thailand (X units), Malaysia (X units) and Vietnam (X units), together making up a X% share of total exports. The Philippines (X units) followed a long way behind the leaders.

Exports from Singapore increased at an average annual rate of X% from 2012 to 2022. At the same time, Thailand (X%), Vietnam (X%), the Philippines (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. While the share of Thailand (X p.p.), Malaysia (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Singapore (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X), Malaysia ($X) and Singapore ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Malaysia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the export price, however, saw a noticeable reduction. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Thailand ($X per unit) was amongst the lowest.

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

Accumulator Imports

Imports in South-Eastern Asia

In 2022, accumulator imports in South-Eastern Asia skyrocketed to X units, growing by X% on the previous year's figure. Over the period under review, imports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2021 when imports increased by X%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, accumulator imports rose rapidly to $X in 2022. Overall, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the near future.

Imports by Country

Malaysia (X units), Singapore (X units) and Vietnam (X units) represented roughly X% of total imports in 2022. Thailand (X units) held the next position in the ranking, followed by the Philippines (X units). All these countries together held approx. X% share of total imports. Indonesia (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported electric accumulators in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, falling by X% against the previous year. Import price indicated moderate growth from 2012 to 2022: its price 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. The pace of growth was the most pronounced in 2014 when the import price increased by X%. The level of import peaked at $X per unit in 2021, and then reduced remarkably in the following year.

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

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

Source: IndexBox Platform

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