Luxembourg: Starter Battery Market 2024

Starter Battery Market Size in Luxembourg

In 2022, the Luxembourg starter battery market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. The market 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 throughout the analyzed period. Starter battery consumption peaked at $X in 2021, and then fell dramatically in the following year.

Starter Battery Exports

Exports from Luxembourg

In 2022, exports of lead-acid accumulators for starting piston engines from Luxembourg shrank to X units, declining by X% compared with the previous year. Overall, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, starter battery exports shrank sharply to $X in 2022. Over the period under review, exports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

France (X units), Belgium (X units) and Germany (X units) were the main destinations of starter battery exports from Luxembourg, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, France ($X), Belgium ($X) and Germany ($X) constituted the largest markets for starter battery exported from Luxembourg worldwide, with a combined X% share of total exports.

France, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average starter battery export price stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price saw a abrupt decline. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to France ($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 Germany (X%), while the prices for the other major destinations experienced a decline.

Starter Battery Imports

Imports into Luxembourg

After two years of growth, overseas purchases of lead-acid accumulators for starting piston engines decreased by X% to X units in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X units, and then reduced notably in the following year.

In value terms, starter battery imports fell notably to $X in 2022. In general, total imports indicated a moderate 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. The growth pace was the most rapid in 2020 with an increase of X%. Imports peaked at $X in 2021, and then reduced notably in the following year.

Imports by Country

Germany (X units), Belgium (X units) and France (X units) were the main suppliers of starter battery imports to Luxembourg, with a combined X% share of total imports. The Netherlands lagged somewhat behind, comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest starter battery suppliers to Luxembourg were Germany ($X), Belgium ($X) and France ($X), with a combined X% share of total imports. The Netherlands lagged somewhat behind, comprising a further X%.

The Netherlands, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average starter battery import price amounted to $X per unit, rising by X% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price 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, starter battery import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($X per unit), while the price for France ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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