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

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

After two years of decline, the Asia-Pacific market for lead-acid accumulators (excluding starter batteries) increased by 8.9% to $X in 2022. The market value increased at an average annual rate of +4.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

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

In value terms, lead-acid accumulators (excluding starter batteries) production declined slightly to $X in 2022 estimated in export price. The total production indicated notable growth 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 +1.7% against 2020 indices. The pace of growth was the most pronounced in 2018 with an increase of 102% against the previous year. 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-Pacific

In 2022, shipments abroad of lead-acid accumulators (excluding starter batteries) increased by 6.1% 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 +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 31% against the previous year. The volume of export peaked at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, lead-acid accumulators (excluding starter batteries) exports expanded significantly to $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +52.2% against 2016 indices. The pace of growth appeared the most rapid in 2014 when exports increased by 18%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

Exports by Country

China dominates exports structure, reaching X units, which was near 81% of total exports in 2022. It was distantly followed by Vietnam (X units), making up a 5.6% share of total exports. Singapore (X units), India (X units) and Malaysia (X units) took a little share of total exports.

Exports from China increased at an average annual rate of +1.8% from 2012 to 2022. 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-Pacific, with a CAGR of +24.4% from 2012-2022. From 2012 to 2022, the share of Vietnam and India increased by +3.5 and +1.9 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest lead-acid accumulators (excluding starter batteries) supplier in Asia-Pacific, comprising 63% of total exports. The second position in the ranking was held by Vietnam ($X), with a 16% share of total exports. It was followed by India, with a 9.3% share.

In China, lead-acid accumulators (excluding starter batteries) exports expanded at an average annual rate of +5.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Vietnam (+9.0% per year) and India (+22.9% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, rising by 1.7% against the previous year. Export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.3% 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 +50.6% against 2014 indices. The most prominent rate of growth was recorded in 2019 an increase of 14% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, 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-Pacific

In 2022, approx. X units of lead-acid accumulators (excluding starter batteries) were imported in Asia-Pacific; increasing by 16% against the previous year. Total imports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +8.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.0% against 2020 indices. The pace of growth appeared the most rapid in 2014 when imports increased by 26% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, lead-acid accumulators (excluding starter batteries) imports totaled $X in 2022. The total import value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by 9.6%. The level of import peaked at $X in 2019; afterwards, it flattened through to 2022.

Imports by Country

India prevails in imports structure, amounting to X units, which was approx. 60% of total imports in 2022. Malaysia (X units) took the second position in the ranking, followed by the Philippines (X units). All these countries together held approx. 18% share of total imports. Australia (X units), Singapore (X units), Thailand (X units), Hong Kong SAR (X units), China (X units) and Taiwan (Chinese) (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) imports into India stood at +15.4%. At the same time, Malaysia (+19.7%), the Philippines (+8.2%), Taiwan (Chinese) (+6.9%), Australia (+3.2%) and Singapore (+2.1%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia-Pacific, 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. India (+27 p.p.) and Malaysia (+5.8 p.p.) significantly strengthened its position in terms of the total imports, while Australia, Singapore, Thailand, China and Hong Kong SAR saw its share reduced by -2.1%, -2.6%, -4.1%, -4.2% and -10.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest lead-acid accumulators (excluding starter batteries) importing markets in Asia-Pacific were Australia ($X), the Philippines ($X) and Malaysia ($X), together comprising 38% of total imports.

Among the main importing countries, Malaysia, with a CAGR of +15.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, falling by -7.5% against the previous year. Over the period under review, the import price saw a deep setback. The most prominent rate of growth was recorded in 2016 an increase of 14% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Australia ($X per unit), while India ($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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