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

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

The African market for lead-acid accumulators (excluding starter batteries) was estimated at $X in 2022, picking up by 2% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +1.0% against 2019 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the near future.

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

In value terms, lead-acid accumulators (excluding starter batteries) production fell slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 when the production volume increased by 26%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Lead-Acid Accumulators (Excluding Starter Batteries)

Exports in Africa

In 2022, overseas shipments of lead-acid accumulators (excluding starter batteries) decreased by -10.8% to X units for the first time since 2016, thus ending a five-year rising trend. In general, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 72%. Over the period under review, the exports reached the maximum at X units in 2021, and then fell in the following year.

In value terms, lead-acid accumulators (excluding starter batteries) exports reduced to $X in 2022. Overall, exports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2020 when exports increased by 63%. Over the period under review, the exports reached the maximum at $X in 2021, and then contracted in the following year.

Exports by Country

In 2022, South Africa (X units) was the major exporter of lead-acid accumulators (excluding starter batteries), committing 44% of total exports. Kenya (X units) ranks second in terms of the total exports with a 29% share, followed by Tunisia (23%).

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Kenya (with a CAGR of +29.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest lead-acid accumulators (excluding starter batteries) supplying countries in Africa were South Africa ($X), Tunisia ($X) and Kenya ($X), with a combined 95% share of total exports.

Kenya, with a CAGR of +19.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, shrinking by -2.9% against the previous year. In general, the export price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2018 an increase of 20%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Tunisia ($X per unit), while Kenya ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (-4.4%), while the other leaders experienced a decline in the export price figures.

Imports of Lead-Acid Accumulators (Excluding Starter Batteries)

Imports in Africa

Lead-acid accumulators (excluding starter batteries) imports expanded sharply to X units in 2022, surging by 10% compared with the year before. In general, imports saw strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 70% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the immediate term.

In value terms, lead-acid accumulators (excluding starter batteries) imports expanded modestly to $X in 2022. Total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -6.4% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 41%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, South Africa (X units) represented the major importer of lead-acid accumulators (excluding starter batteries), generating 33% of total imports. Tanzania (X units) ranks second in terms of the total imports with a 9.7% share, followed by Ghana (8.1%), Kenya (6.6%), Senegal (6.3%), Egypt (6.1%) and Algeria (4.7%). The following importers - Cameroon (X units), Djibouti (X units), Nigeria (X units), Mozambique (X units) and Morocco (X units) - each recorded a 9.4% share of total imports.

Imports into South Africa increased at an average annual rate of +6.2% from 2012 to 2022. At the same time, Djibouti (+31.2%), Algeria (+26.0%), Mozambique (+26.0%), Senegal (+24.5%), Ghana (+23.5%), Tanzania (+23.5%), Kenya (+21.9%), Cameroon (+18.9%), Morocco (+15.1%), Egypt (+8.3%) and Nigeria (+1.7%) displayed positive paces of growth. Moreover, Djibouti emerged as the fastest-growing importer imported in Africa, with a CAGR of +31.2% from 2012-2022. From 2012 to 2022, the share of Tanzania, Ghana, Senegal, Kenya, Algeria and Djibouti increased by +6.4, +5.4, +4.3, +4.1, +3.4 and +1.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Africa ($X) constitutes the largest market for imported lead-acid accumulators (excluding starter batteries) in Africa, comprising 25% of total imports. The second position in the ranking was held by Kenya ($X), with a 7% share of total imports. It was followed by Algeria, with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa totaled +7.4%. In the other countries, the average annual rates were as follows: Kenya (+12.8% per year) and Algeria (+18.9% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2022, declining by -6.6% against the previous year. Overall, the import price saw a perceptible curtailment. The pace of growth appeared the most rapid in 2016 an increase of 51%. Over the period under review, import prices attained the maximum at $X per unit in 2017; however, from 2018 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 Nigeria ($X per unit), while Tanzania ($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 Africa (+1.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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