Macedonia: Accumulator Market 2020

Accumulator Market Size in Macedonia

The revenue of the accumulator market in Macedonia amounted to $X in 2018, rising by X% against the previous year. Overall, accumulator consumption, however, continues to indicate a noticeable slump. The pace of growth appeared the most rapid in 2010 with an increase of X% year-to-year. Macedonia accumulator consumption peaked at $X in 2011; however, from 2012 to 2018, consumption failed to regain its momentum.

Accumulator Production in Macedonia

In value terms, accumulator production stood at $X in 2018 estimated in export prices. Over the period under review, accumulator production continues to indicate a deep descent. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, accumulator production attained its maximum level at $X in 2011; however, from 2012 to 2018, production failed to regain its momentum.

Accumulator Exports

Exports from Macedonia

Accumulator exports from Macedonia stood at X units in 2018, falling by -X% against the previous year. In general, accumulator exports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2015 when exports increased by X% y-o-y. Macedonia exports peaked at X units in 2017, and then declined slightly in the following year.

In value terms, accumulator exports totaled $X in 2018. In general, accumulator exports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. In that year, accumulator exports attained their peak of $X, and then declined slightly in the following year.

Exports by Country

China was the key exporter of electric accumulators exported in the world, with the volume of exports finishing at X units, which was near X% of total exports in 2018. It was distantly followed by Vietnam (X units), constituting an X% share of total exports. The following exporters - Japan (X units), Germany (X units) and South Korea (X units) - each finished at a X% share of total exports.

Exports from China decreased at an average annual rate of -X% from 2007 to 2018. At the same time, Vietnam (+X%) and Germany (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +X% from 2007-2018. By contrast, South Korea (-X%) and Japan (-X%) illustrated a downward trend over the same period. Vietnam (+X p.p.) significantly strengthened its position in terms of the global exports, while South Korea, China and Japan saw its share reduced by -X%, -X% and -X% from 2007 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest accumulator supplier from Macedonia, comprising X% of global exports. The second position in the ranking was occupied by Germany ($X), with a X% share of global exports. It was followed by South Korea, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in China stood at +X%. In the other countries, the average annual rates were as follows: Germany (+X% per year) and South Korea (-X% per year).

Export Prices by Country

In 2018, the accumulator export price in Macedonia amounted to $X per unit, rising by X% against the previous year. In general, the export price indicated a strong increase from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, accumulator export price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, the export prices for electric accumulators reached their peak figure in 2018 and is expected to retain its growth in the immediate term.

Prices varied noticeably by the country of origin; the country with the highest price was Germany ($X per unit), while Vietnam ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced more modest paces of growth.

Accumulator Imports

Imports into Macedonia

Accumulator imports into Macedonia totaled X units in 2018, rising by X% against the previous year. Over the period under review, accumulator imports, however, continue to indicate a noticeable deduction. The pace of growth was the most pronounced in 2011 with an increase of X% y-o-y. Macedonia imports peaked at X units in 2007; however, from 2008 to 2018, imports failed to regain their momentum.

In value terms, accumulator imports totaled $X in 2018. Overall, the total imports indicated a remarkable expansion from 2007 to 2018: its value decreased at an average annual rate of -X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, accumulator imports increased by +X% against 2016 indices. The pace of growth was the most pronounced in 2008 when imports increased by X% year-to-year. Macedonia imports peaked at $X in 2013; however, from 2014 to 2018, imports failed to regain their momentum.

Imports by Country

China dominates accumulator imports structure, finishing at X units, which was approx. X% of total imports in 2018. The following importers - India (X units) and the U.S. (X units) - each amounted to a X% share of total imports.

Imports into China increased at an average annual rate of +X% from 2007 to 2018. At the same time, India (+X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of +X% from 2007-2018. By contrast, the U.S. (-X%) illustrated a downward trend over the same period. While the share of China (+X p.p.) increased significantly in terms of the global imports from 2007-2018, the share of the U.S. (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), the U.S. ($X) and India ($X) constituted the countries with the highest levels of imports in 2018, with a combined X% share of total imports.

In terms of the main importing countries, China recorded the highest rates of growth with regard to market size, over the period under review, while imports for the other leaders experienced more modest paces of growth.

Import Prices by Country

The accumulator import price in Macedonia stood at $X per unit in 2018, shrinking by -X% against the previous year. In general, the import price indicated a prominent expansion from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. Macedonia import price peaked at $X per unit in 2013; however, from 2014 to 2018, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was the U.S. ($X per unit), while China ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by the U.S., while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform