Asia-Pacific: Market for Lead-Acid Accumulators (Excluding Starter Batteries) 2024

Market Size for Lead-Acid Accumulators (Excluding Starter Batteries) in Asia-Pacific

In 2022, the Asia-Pacific market for lead-acid accumulators (excluding starter batteries) increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. The total consumption indicated noticeable growth 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, consumption decreased by X% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Lead-Acid Accumulators (Excluding Starter Batteries) in Asia-Pacific

In value terms, lead-acid accumulators (excluding starter batteries) production fell modestly to $X in 2022 estimated in export price. In general, production enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Exports of Lead-Acid Accumulators (Excluding Starter Batteries)

Exports in Asia-Pacific

Lead-acid accumulators (excluding starter batteries) exports expanded notably to X units in 2022, picking up by X% compared with the previous year. Over the period under review, exports saw a measured increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. The volume of export peaked in 2022 and is likely to continue growth in years to come.

In value terms, lead-acid accumulators (excluding starter batteries) exports rose rapidly to $X in 2022. Total exports indicated buoyant growth 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 2016 indices. The pace of growth was the most pronounced in 2014 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

China prevails in exports structure, resulting at X units, which was near X% of total exports in 2022. It was distantly followed by Vietnam (X units) and Singapore (X units), together committing a X% share of total exports. Malaysia (X units), India (X units) and Taiwan (Chinese) (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, India (X%), Vietnam (X%), Malaysia (X%), Singapore (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Vietnam, Singapore, Malaysia and India increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest lead-acid accumulators (excluding starter batteries) supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with an X% share of total exports. It was followed by India, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled X%. In the other countries, the average annual rates were as follows: Vietnam (X% per year) and India (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, almost unchanged from the previous year. In general, the export price posted measured growth. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, the export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices stood 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 India ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the export price figures.

Imports of Lead-Acid Accumulators (Excluding Starter Batteries)

Imports in Asia-Pacific

In 2022, the amount of lead-acid accumulators (excluding starter batteries) imported in Asia-Pacific stood at X units, surging by X% against 2021 figures. Total imports indicated a resilient 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 pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, lead-acid accumulators (excluding starter batteries) imports expanded rapidly 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 remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of X%. The level of import peaked at $X in 2019; afterwards, it flattened through to 2022.

Imports by Country

India dominates imports structure, recording X units, which was approx. X% of total imports in 2022. The Philippines (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (X%). Australia (X units), Singapore (X units), Thailand (X units), China (X units), Hong Kong SAR (X units) and Taiwan (Chinese) (X units) followed a long way behind the leaders.

India was also the fastest-growing in terms of the lead-acid accumulators (excluding starter batteries) imports, with a CAGR of X% from 2012 to 2022. At the same time, Malaysia (X%), the Philippines (X%), Taiwan (Chinese) (X%), Australia (X%) and Singapore (X%) displayed positive paces of growth. By contrast, Thailand (X%), China (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of India (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Australia (X p.p.), Singapore (X p.p.), Thailand (X p.p.), China (X p.p.) and Hong Kong SAR (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X), the Philippines ($X) and Malaysia ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Among the main importing countries, the Philippines, with a CAGR of X%, saw 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-Pacific stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the import price recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2016 when the import price increased by X%. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per unit), while India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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