Vietnam: Starter Battery Market 2024

Starter Battery Market Size in Vietnam

The Vietnamese starter battery market dropped to $X in 2022, which is down by X% against the previous year. Overall, consumption showed a pronounced descent. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Starter Battery Production in Vietnam

In value terms, starter battery production amounted to $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

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Starter Battery Exports

Exports from Vietnam

In 2022, exports of lead-acid accumulators for starting piston engines from Vietnam skyrocketed to X units, growing by X% against the previous year. In general, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, starter battery exports skyrocketed to $X in 2022. Over the period under review, exports recorded a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for starter battery exports from Vietnam, with a X% share of total exports. Moreover, starter battery exports to the United States exceeded the volume sent to the second major destination, Myanmar (X units), sevenfold. Cambodia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (X% per year) and Cambodia (X% per year).

In value terms, the United States ($X) remains the key foreign market for lead-acid accumulators for starting piston engines exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by Cambodia ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the average starter battery export price amounted to $X per unit, approximately reflecting the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Starter Battery Imports

Imports into Vietnam

In 2022, starter battery imports into Vietnam totaled X units, with an increase of X% compared with the previous year. Over the period under review, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, starter battery imports expanded notably to $X in 2022. In general, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, South Korea (X units) constituted the largest starter battery supplier to Vietnam, accounting for a X% share of total imports. Moreover, starter battery imports from South Korea exceeded the figures recorded by the second-largest supplier, Thailand (X units), fivefold. China (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and China (X% per year).

In value terms, South Korea ($X) constituted the largest supplier of lead-acid accumulators for starting piston engines to Vietnam, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and China (X% per year).

Import Prices by Country

The average starter battery import price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Philippines ($X per unit) and Japan ($X per unit), while the price for Indonesia ($X per unit) and South Korea ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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