Asia: Market for Lead-Acid Accumulators (Excluding Starter Batteries) 2025

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

The Asian market for lead-acid accumulators (excluding starter batteries) rose significantly to $X in 2022, growing by 5.7% against the previous year. The market value increased at an average annual rate of +4.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

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

In value terms, lead-acid accumulators (excluding starter batteries) production dropped to $X in 2022 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 94%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Exports of Lead-Acid Accumulators (Excluding Starter Batteries)

Exports in Asia

In 2022, shipments abroad of lead-acid accumulators (excluding starter batteries) increased by 5.9% to X units, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by 32% against the previous year. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, lead-acid accumulators (excluding starter batteries) exports rose rapidly to $X in 2022. Total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.8% 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 +52.3% against 2016 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 17% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

China dominates exports structure, resulting at X units, which was near 80% of total exports in 2022. It was distantly followed by Vietnam (X units), generating a 5.5% share of total exports. Singapore (X units), India (X units) and Malaysia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to lead-acid accumulators (excluding starter batteries) exports from China stood at +1.8%. At the same time, India (+24.4%), Malaysia (+13.4%), Vietnam (+12.8%) and Singapore (+6.6%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +24.4% from 2012-2022. While the share of Vietnam (+3.4 p.p.) and India (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (-3.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest lead-acid accumulators (excluding starter batteries) supplier in Asia, comprising 60% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 15% share of total exports. It was followed by India, with an 8.9% share.

In China, lead-acid accumulators (excluding starter batteries) exports increased at an average annual rate of +5.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+9.0% per year) and India (+22.9% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, remaining stable against the previous year. Export price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lead-acid accumulators (excluding starter batteries) export price increased by +51.4% against 2014 indices. The growth pace was the most rapid in 2019 an increase of 15%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: 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 (+3.6%), while the other leaders experienced a decline in the export price figures.

Imports of Lead-Acid Accumulators (Excluding Starter Batteries)

Imports in Asia

Lead-acid accumulators (excluding starter batteries) imports expanded sharply to X units in 2022, increasing by 14% on 2021. Over the period under review, imports posted a prominent expansion. The growth pace was the most rapid in 2014 with an increase of 27%. 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 amounted to $X in 2022. The total import value increased at an average annual rate of +4.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 19% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in years to come.

Imports by Country

India was the key importer of lead-acid accumulators (excluding starter batteries) in Asia, with the volume of imports amounting to X units, which was near 49% of total imports in 2022. Turkey (X units) held the second position in the ranking, followed by Malaysia (X units) and the Philippines (X units). All these countries together took near 28% share of total imports. The United Arab Emirates (X units), Singapore (X units), Thailand (X units), Hong Kong SAR (X units), China (X units) and Taiwan (Chinese) (X units) held a minor share of total imports.

Imports into India increased at an average annual rate of +15.4% from 2012 to 2022. At the same time, Malaysia (+19.7%), Turkey (+13.4%), the Philippines (+8.2%), the United Arab Emirates (+6.9%), Taiwan (Chinese) (+6.9%) and Singapore (+2.1%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia, with a CAGR of +19.7% from 2012-2022. By contrast, Thailand (-1.6%), China (-2.4%) and Hong Kong SAR (-9.0%) illustrated a downward trend over the same period. While the share of India (+21 p.p.), Malaysia (+4.6 p.p.) and Turkey (+4.1 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Singapore (-2.3 p.p.), Thailand (-3.7 p.p.), China (-3.7 p.p.) and Hong Kong SAR (-9.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), the Philippines ($X) and Turkey ($X) constituted the countries with the highest levels of imports in 2022, with a combined 28% share of total imports. Malaysia, India, Singapore, Taiwan (Chinese), China, Thailand and Hong Kong SAR lagged somewhat behind, together accounting for a further 31%.

Malaysia, with a CAGR of +15.2%, saw the highest rates of growth with regard to the value of imports, among the main importing countries 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 stood at $X per unit in 2022, shrinking by -11.5% against the previous year. Overall, the import price continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2016 when the import price increased by 8.5%. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while India ($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 (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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