Australia: Accumulator Market 2024

Accumulator Market Size in Australia

The Australian accumulator market skyrocketed to $X in 2022, picking up by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a buoyant increase. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Accumulator Exports

Exports from Australia

For the third year in a row, Australia recorded growth in overseas shipments of electric accumulators, which increased by X% to X units in 2022. Over the period under review, exports showed resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, accumulator exports skyrocketed to $X in 2022. Overall, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

New Zealand (X units) was the main destination for accumulator exports from Australia, with a X% share of total exports. Moreover, accumulator exports to New Zealand exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was taken by the UK (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to New Zealand amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the UK (X% per year).

In value terms, New Zealand ($X), the United States ($X) and the UK ($X) were the largest markets for accumulator exported from Australia worldwide, with a combined X% share of total exports.

Among the main countries of destination, the UK, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average accumulator export price amounted to $X per unit, jumping by X% against the previous year. In general, the export price, however, showed a noticeable contraction. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

Accumulator Imports

Imports into Australia

For the fourth consecutive year, Australia recorded growth in purchases abroad of electric accumulators, which increased by X% to X units in 2022. Overall, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of X% 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 X% against 2017 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, accumulator imports surged to $X in 2022. In general, imports saw a strong increase. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest accumulator supplier to Australia, accounting for a X% share of total imports. Moreover, accumulator imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), threefold. South Korea (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of electric accumulators to Australia, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and South Korea (X% per year).

Import Prices by Country

The average accumulator import price stood at $X per unit in 2022, increasing by X% against the previous year. In general, the import price enjoyed a remarkable increase. The growth pace was the most rapid in 2021 when the average import price increased by X%. Over the period under review, average import prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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