Hong Kong SAR, China - Lead-Acid Accumulators For Starting Piston Engines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingStarter Battery Price in Hong Kong SAR - 2023
Contents:
- Starter Battery Price in Hong Kong SAR (CIF) - 2023
- Starter Battery Price in Hong Kong SAR (FOB) - 2022
- Starter Battery Imports in Hong Kong SAR
- Starter Battery Exports in Hong Kong SAR
Starter Battery Price in Hong Kong SAR (CIF) - 2023
In June 2023, the average starter battery import price amounted to $72.1 per unit, picking up by 4.4% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in September 2022 an increase of 30% against the previous month. The import price peaked in June 2023.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Singapore ($107 per unit), while the price for China ($36.4 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+0.3%), while the prices for the other major suppliers experienced a decline.
Starter Battery Price in Hong Kong SAR (FOB) - 2022
In 2022, the average starter battery export price amounted to $46 per unit, with an increase of 51% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, starter battery export price decreased by -14.2% against 2020 indices. The growth pace was the most rapid in 2020 when the average export price increased by 52%. As a result, the export price reached the peak level of $54 per unit. From 2021 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($88 per unit), while the average price for exports to the UK ($1.7 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 Australia (+7.0%), while the prices for the other major destinations experienced mixed trend patterns.
Starter Battery Imports in Hong Kong SAR
In 2022, the amount of lead-acid accumulators for starting piston engines imported into Hong Kong SAR fell notably to 392K units, waning by -29.2% on the year before. In general, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 8.4% against the previous year. Imports peaked at 723K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, starter battery imports contracted to $22M in 2022. Overall, imports faced a deep reduction. The pace of growth appeared the most rapid in 2021 when imports increased by 5.1% against the previous year. Over the period under review, imports reached the maximum at $32M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Starter Battery in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 7.7 | 8.1 | 9.3 | 8.9 | 4.9% |
| Japan | 3.6 | 3.5 | 4.8 | 3.5 | -0.9% |
| Malaysia | 1.6 | 1.3 | 2.0 | 2.0 | 7.7% |
| Thailand | 1.7 | 1.8 | 1.3 | 1.6 | -2.0% |
| Germany | 1.5 | 1.9 | 1.6 | 1.2 | -7.2% |
| India | 0.9 | 0.8 | 1.3 | 1.0 | 3.6% |
| China | 8.4 | 2.5 | 1.8 | 0.9 | -52.5% |
| Philippines | 0.6 | 0.6 | 0.2 | 0.3 | -20.6% |
| Sweden | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 5.7 | 3.9 | 3.5 | 2.8 | -21.1% |
| Total | 31.9 | 24.5 | 25.7 | 22.3 | -11.2% |
Top Suppliers of Starter Battery to Hong Kong SAR in 2022:
- South Korea (207.0K units)
- Japan (47.8K units)
- Thailand (25.0K units)
- India (18.3K units)
- China (17.9K units)
- Sweden (15.1K units)
- Malaysia (12.2K units)
- Germany (10.8K units)
- Philippines (6.1K units)
Starter Battery Exports in Hong Kong SAR
In 2022, the amount of lead-acid accumulators for starting piston engines exported from Hong Kong SAR shrank sharply to 48K units, waning by -76.1% against the previous year's figure. Over the period under review, exports continue to indicate a precipitous descent. The pace of growth appeared the most rapid in 2021 when exports increased by 34%. Over the period under review, the exports hit record highs at 390K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, starter battery exports fell dramatically to $2.2M in 2022. Overall, exports saw a sharp downturn. The smallest decline of -24% was in 2021. The exports peaked at $14M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Starter Battery in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 2,573 | 2,662 | 2,200 | 1,890 | -9.8% |
| China | 8,556 | 3,627 | 3,228 | 187 | -72.0% |
| Angola | 148 | 36.9 | 75.6 | 77.3 | -19.5% |
| United States | 214 | 130 | 240 | 31.7 | -47.1% |
| France | 33.8 | 41.6 | 23.2 | 16.7 | -20.9% |
| Canada | 199 | 59.4 | 50.8 | 2.9 | -75.6% |
| United Kingdom | 3.5 | 6.5 | 9.3 | 2.5 | -10.6% |
| Others | 2,059 | 1,582 | 366 | 26.2 | -76.7% |
| Total | 13,786 | 8,146 | 6,193 | 2,234 | -45.5% |
Top Export Markets for Starter Battery from Hong Kong SAR in 2022:
- Macao SAR (24.2K units)
- China (9.3K units)
- United States (6.1K units)
- France (3.2K units)
- Angola (2.1K units)
- United Kingdom (1.5K units)
- Canada (1.4K units)
This report provides an in-depth analysis of the starter battery market 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 27202100 - Lead-acid accumulators for starting piston engines
- Prodcom 27202110 -
- Prodcom 27202120 -
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
-
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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