Hong Kong SAR, China - Lead-Acid Accumulators (Excluding Starter Batteries) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Lead-Acid Accumulators (Excluding Starter Batteries) in Hong Kong SAR - 2023
Contents:
- Price for Lead-Acid Accumulators (Excluding Starter Batteries) in Hong Kong SAR (CIF) - 2022
- Price for Lead-Acid Accumulators (Excluding Starter Batteries) in Hong Kong SAR (FOB) - 2022
- Imports of Lead-Acid Accumulators (Excluding Starter Batteries) in Hong Kong SAR
- Exports of Lead-Acid Accumulators (Excluding Starter Batteries) in Hong Kong SAR
Price for Lead-Acid Accumulators (Excluding Starter Batteries) in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for lead-acid accumulators (excluding starter batteries) amounted to $19 per unit, with an increase of 9.1% against the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lead-acid accumulators (excluding starter batteries) import price decreased by -11.8% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average import price increased by 32% against the previous year. Over the period under review, average import prices attained the peak figure at $22 per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Philippines ($48 per unit), while the price for Taiwan (Chinese) ($7.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Lead-Acid Accumulators (Excluding Starter Batteries) in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for lead-acid accumulators (excluding starter batteries) amounted to $14 per unit, increasing by 27% against the previous year. Overall, the export price saw a strong increase. The pace of growth appeared the most rapid in 2017 an increase of 40%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($84 per unit), while the average price for exports to Germany ($4.9 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 Singapore (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Lead-Acid Accumulators (Excluding Starter Batteries) in Hong Kong SAR
In 2022, approx. 2.6M units of lead-acid accumulators (excluding starter batteries) were imported into Hong Kong SAR; which is down by -5.5% compared with the previous year's figure. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 13% against the previous year. As a result, imports attained the peak of 2.8M units, and then contracted in the following year.
In value terms, lead-acid accumulators (excluding starter batteries) imports rose modestly to $50M in 2022. Overall, imports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 18% against the previous year. Over the period under review, imports hit record highs at $56M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Lead-Acid Accumulators (Excluding Starter Batteries) in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 30.0 | 19.9 | 30.4 | 32.0 | 2.2% |
| Taiwan (Chinese) | 2.3 | 1.8 | 1.7 | 3.1 | 10.5% |
| Philippines | 1.4 | 0.6 | 1.1 | 3.0 | 28.9% |
| Vietnam | 7.8 | 5.0 | 3.0 | 0.6 | -57.5% |
| Others | 14.9 | 13.9 | 12.3 | 11.4 | -8.5% |
| Total | 56.3 | 41.2 | 48.5 | 50.0 | -3.9% |
Top Suppliers of Lead-Acid Accumulators (Excluding Starter Batteries) to Hong Kong SAR in 2022:
- China (1990.1K units)
- Taiwan (Chinese) (418.9K units)
- Vietnam (65.8K units)
- Philippines (62.7K units)
Exports of Lead-Acid Accumulators (Excluding Starter Batteries) in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in overseas shipments of lead-acid accumulators (excluding starter batteries), which decreased by -57.1% to 733K units in 2022. In general, exports continue to indicate a dramatic curtailment. The smallest decline of -3.7% was in 2021. Over the period under review, the exports hit record highs at 2.8M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, lead-acid accumulators (excluding starter batteries) exports contracted remarkably to $10M in 2022. Over the period under review, exports continue to indicate a precipitous curtailment. The smallest decline of -1.4% was in 2021. The exports peaked at $31M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Lead-Acid Accumulators (Excluding Starter Batteries) in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 16.8 | 8.2 | 5.9 | 2.1 | -50.0% |
| United States | 1.1 | 1.7 | 3.2 | 1.3 | 5.7% |
| Japan | 0.7 | 0.8 | 0.8 | 1.1 | 16.3% |
| Singapore | 3.1 | 1.0 | 1.0 | 1.0 | -31.4% |
| Thailand | 0.4 | 0.4 | 0.6 | 0.7 | 20.5% |
| Philippines | 0.2 | 0.3 | 0.6 | 0.5 | 35.7% |
| Hungary | N/A | N/A | N/A | 0.3 | 0% |
| United Kingdom | 0.3 | 0.1 | 0.5 | 0.1 | -30.7% |
| Germany | 0.3 | 0.2 | 0.4 | 0.1 | -30.7% |
| Others | 8.4 | 6.6 | 6.1 | 3.2 | -27.5% |
| Total | 31.4 | 19.4 | 19.1 | 10.4 | -30.8% |
Top Export Markets for Lead-Acid Accumulators (Excluding Starter Batteries) from Hong Kong SAR in 2022:
- China (242.9K units)
- United States (166.1K units)
- Thailand (87.3K units)
- Hungary (48.7K units)
- Philippines (40.5K units)
- Germany (30.3K units)
- Japan (27.0K units)
- United Kingdom (16.5K units)
- Singapore (11.3K units)
This report provides an in-depth analysis of the market for lead-acid accumulators (excluding starter batteries) in Hong Kong SAR, China. 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:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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