South-Eastern Asia: Starter Battery Market 2024

Starter Battery Market Size in South-Eastern Asia

The Southeast Asian starter battery market rose rapidly to $X in 2022, increasing by 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 throughout the analyzed period. The level of consumption peaked in 2022 and is likely to continue growth in the near future.

Starter Battery Production in South-Eastern Asia

In value terms, starter battery production totaled $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 most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

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Starter Battery Exports

Exports in South-Eastern Asia

For the third year in a row, South-Eastern Asia recorded growth in overseas shipments of lead-acid accumulators for starting piston engines, which increased by X% to X units in 2022. Overall, exports enjoyed a strong increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, starter battery exports rose significantly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 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

The Philippines represented the largest exporter of lead-acid accumulators for starting piston engines in South-Eastern Asia, with the volume of exports resulting at X units, which was near X% of total exports in 2022. Thailand (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Malaysia (X%), Vietnam (X%) and Indonesia (X%). Singapore (X units) took a little share of total exports.

The Philippines was also the fastest-growing in terms of the lead-acid accumulators for starting piston engines exports, with a CAGR of X% from 2012 to 2022. At the same time, Vietnam (X%), Malaysia (X%) and Thailand (X%) displayed positive paces of growth. By contrast, Singapore (X%) and Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Philippines, Vietnam and Malaysia increased by X, X and X percentage points, respectively.

In value terms, the largest starter battery supplying countries in South-Eastern Asia were Thailand ($X), Vietnam ($X) and Indonesia ($X), with a combined X% share of total exports.

Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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

In 2022, the export price in South-Eastern Asia amounted to $X per unit, waning by X% against the previous year. Over the period under review, the export price showed a pronounced contraction. The growth pace was the most rapid in 2014 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the export prices remained at a somewhat lower figure.

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 Indonesia ($X per unit), while the Philippines ($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 other leaders experienced more modest paces of growth.

Starter Battery Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of lead-acid accumulators for starting piston engines increased by X% to X units, rising for the second consecutive year after three years of decline. Overall, imports saw a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, starter battery imports soared to $X in 2022. In general, imports recorded a prominent expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, Malaysia (X units) was the largest importer of lead-acid accumulators for starting piston engines, mixing up X% of total imports. It was distantly followed by Thailand (X units), Myanmar (X units), the Philippines (X units), Indonesia (X units) and Singapore (X units), together constituting a X% share of total imports. Vietnam (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to starter battery imports into Malaysia stood at X%. At the same time, Myanmar (X%), Thailand (X%), Indonesia (X%), Vietnam (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. Singapore experienced a relatively flat trend pattern. Myanmar (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total imports, while the Philippines and Singapore saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Malaysia, starter battery imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Indonesia (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per unit, which is down by X% against the previous year. In general, the import price continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, 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 the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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