Asia: Starter Battery Market 2024

Starter Battery Market Size in Asia

In 2022, the Asian starter battery market decreased by X% to $X, falling for the third year in a row after eight years of growth. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Starter Battery Production in Asia

In value terms, starter battery production reduced to $X in 2022 estimated in export price. Overall, production showed strong growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Starter Battery Exports

Exports in Asia

In 2022, overseas shipments of lead-acid accumulators for starting piston engines decreased by X% to X units for the first time since 2015, thus ending a six-year rising trend. Overall, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2021, and then shrank modestly in the following year.

In value terms, starter battery exports amounted to $X in 2022. Total exports indicated a resilient increase from 2012 to 2022: its value 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. Based on 2022 figures, exports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

Exports by Country

In 2022, China (X units), distantly followed by South Korea (X units), the Philippines (X units), Turkey (X units) and Thailand (X units) represented the key exporters of lead-acid accumulators for starting piston engines, together committing X% of total exports. The following exporters - India (X units) and Malaysia (X units) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by India (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest starter battery supplying countries in Asia were South Korea ($X), China ($X) and Turkey ($X), together accounting for X% of total exports. India, Thailand, the Philippines and Malaysia lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, India, with a CAGR of X%, recorded the highest growth rate of the value of exports, 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 Asia amounted to $X per unit, rising by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2016 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 South Korea ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

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

Starter Battery Imports

Imports in Asia

In 2022, supplies from abroad 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. Total imports indicated a prominent increase from 2012 to 2022: its volume 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. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, starter battery imports fell modestly to $X in 2022. The total import 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 2021 with an increase of X%. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, Malaysia (X units), distantly followed by Japan (X units), Thailand (X units), India (X units), the United Arab Emirates (X units), Iraq (X units) and Myanmar (X units) represented the largest importers of lead-acid accumulators for starting piston engines, together achieving X% of total imports. Turkey (X units), the Philippines (X units), Afghanistan (X units), Indonesia (X units), Singapore (X units) and Yemen (X units) followed a long way behind the leaders.

Imports into Malaysia increased at an average annual rate of X% from 2012 to 2022. At the same time, Myanmar (X%), Thailand (X%), Indonesia (X%), Yemen (X%), Iraq (X%), India (X%), the Philippines (X%), Turkey (X%) and Japan (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Singapore and Afghanistan experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia, Thailand, Myanmar, India and Iraq increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest starter battery importing markets in Asia were Japan ($X), the United Arab Emirates ($X) and Malaysia ($X), with a combined X% share of total imports. Iraq, Turkey, Indonesia, Thailand, Yemen, Myanmar, Afghanistan, Singapore, India and the Philippines lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Myanmar, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, waning by X% against the previous year. Over the period under review, the import price showed a slight descent. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 the United Arab Emirates ($X per unit), while India ($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 United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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