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

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

In 2022, the Australian market for lead-acid accumulators (excluding starter batteries) increased by 13% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Lead-acid accumulators (excluding starter batteries) consumption peaked in 2022 and is expected to retain growth in years to come.

Exports of Lead-Acid Accumulators (Excluding Starter Batteries)

Exports from Australia

In 2022, overseas shipments of lead-acid accumulators (excluding starter batteries) were finally on the rise to reach X units after two years of decline. In general, exports, however, saw a abrupt curtailment. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, lead-acid accumulators (excluding starter batteries) exports soared to $X in 2022. Overall, exports, however, saw a noticeable curtailment. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

New Zealand (X units) was the main destination for lead-acid accumulators (excluding starter batteries) exports from Australia, accounting for a 78% share of total exports. Moreover, lead-acid accumulators (excluding starter batteries) exports to New Zealand exceeded the volume sent to the second major destination, Papua New Guinea (X units), more than tenfold. The Netherlands (X units) ranked third in terms of total exports with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume to New Zealand totaled -9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (+7.9% per year) and the Netherlands (+94.5% per year).

In value terms, New Zealand ($X) remains the key foreign market for lead-acid accumulators (excluding starter batteries) exports from Australia, comprising 56% of total exports. The second position in the ranking was held by Singapore ($X), with a 5.6% share of total exports. It was followed by Papua New Guinea, with a 5.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to New Zealand stood at -5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+32.6% per year) and Papua New Guinea (+8.0% per year).

Export Prices by Country

In 2022, the average export price for lead-acid accumulators (excluding starter batteries) amounted to $X per unit, growing by 9.5% against the previous year. In general, the export price continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 96%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to New Zealand ($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 Singapore (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lead-Acid Accumulators (Excluding Starter Batteries)

Imports into Australia

In 2022, overseas purchases of lead-acid accumulators (excluding starter batteries) increased by 12% to X units, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +3.2% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by 12%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, lead-acid accumulators (excluding starter batteries) imports expanded rapidly to $X in 2022. The total import value increased at an average annual rate of +3.9% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest lead-acid accumulators (excluding starter batteries) supplier to Australia, accounting for a 53% share of total imports. Moreover, lead-acid accumulators (excluding starter batteries) imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), twofold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+26.7% per year) and Taiwan (Chinese) (+9.9% per year).

In value terms, China ($X) constituted the largest supplier of lead-acid accumulators (excluding starter batteries) to Australia, comprising 46% of total imports. The second position in the ranking was held by Vietnam ($X), with a 9.4% share of total imports. It was followed by the United States, with a 6.7% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+31.1% per year) and the United States (-4.8% per year).

Import Prices by Country

The average import price for lead-acid accumulators (excluding starter batteries) stood at $X per unit in 2022, surging by 1.6% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 22%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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