Canada - Lead-Acid Accumulators For Starting Piston Engines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSignificant Rise in Canada's June 2023 Import of Starter Batteries Reaches $37M
Canada Starter Battery Imports
In June 2023, overseas purchases of lead-acid accumulators for starting piston engines increased by 13% to 623K units, rising for the second month in a row after three months of decline. Over the period under review, imports, however, recorded a mild decrease. The pace of growth appeared the most rapid in August 2022 when imports increased by 35% against the previous month. As a result, imports attained the peak of 865K units. From September 2022 to June 2023, the growth of imports failed to regain momentum.
In value terms, starter battery imports rose significantly to $37M (IndexBox estimates) in June 2023. In general, imports, however, recorded a slight setback. The growth pace was the most rapid in August 2022 when imports increased by 46% month-to-month. As a result, imports reached the peak of $58M. From September 2022 to June 2023, the growth of imports remained at a lower figure.
| COUNTRY | Import Value of Starter Battery in Canada (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | |
| United States | 25.1 | 22.5 | 39.9 | 32.0 | 31.1 | 31.5 | 29.3 | 34.8 | 33.2 | 36.2 | 16.8 | 24.0 | 29.3 |
| South Korea | 10.0 | 5.7 | 5.2 | 3.4 | 5.1 | 5.8 | 6.7 | 6.6 | 6.0 | 7.4 | 4.9 | 3.5 | 1.9 |
| Mexico | 4.4 | 2.9 | 4.4 | 4.6 | 3.5 | 4.2 | 3.2 | 2.9 | 1.9 | 1.4 | 1.3 | 1.4 | 1.5 |
| China | 2.8 | 4.1 | 3.1 | 3.5 | 3.7 | 1.4 | 1.1 | 1.8 | 1.1 | 1.2 | 2.1 | 2.1 | 1.3 |
| Austria | 0.8 | 1.5 | 1.8 | 2.7 | 1.5 | 1.5 | 1.9 | 1.7 | 3.0 | 1.4 | 1.1 | 0.9 | 0.7 |
| Others | 3.6 | 2.8 | 3.3 | 4.8 | 4.7 | 3.6 | 4.0 | 2.2 | 3.7 | 3.3 | 4.0 | 3.2 | 2.6 |
| Total | 46.8 | 39.5 | 57.6 | 51.0 | 49.6 | 48.1 | 46.3 | 50.0 | 48.9 | 51.0 | 30.1 | 35.2 | 37.3 |
Imports by Country
In June 2023, the United States (474K units) constituted the largest starter battery supplier to Canada, accounting for a 76% share of total imports. Moreover, starter battery imports from the United States exceeded the figures recorded by the second-largest supplier, South Korea (35K units), more than tenfold. China (31K units) ranked third in terms of total imports with a 4.9% share.
From June 2022 to June 2023, the average monthly growth rate of volume from the United States amounted to +2.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: South Korea (-13.2% per month) and China (-4.5% per month).
In value terms, the United States ($29M) constituted the largest supplier of starter battery to Canada, comprising 79% of total imports. The second position in the ranking was taken by South Korea ($1.9M), with a 5.1% share of total imports. It was followed by Mexico, with a 3.9% share.
From June 2022 to June 2023, the average monthly growth rate of value from the United States amounted to +1.3%. The remaining supplying countries recorded the following average monthly rates of imports growth: South Korea (-13.0% per month) and Mexico (-8.8% per month).
Import Prices by Country
In June 2023, the starter battery price amounted to $59.8 per unit (CIF, Canada), declining by -6% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 13% m-o-m. Over the period under review, average import prices hit record highs at $78.0 per unit in March 2023; however, from April 2023 to June 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($84.6 per unit), while the price for Vietnam ($30.4 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 Mexico (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.
This report provides an in-depth analysis of the starter battery market in Canada. 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:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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
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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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
