Eastern Europe: Starter Battery Market 2024

Starter Battery Market Size in Eastern Europe

The East European starter battery market surged to $X in 2022, rising by 30% against the previous year. The market value increased at an average annual rate of +1.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Starter Battery Production in Eastern Europe

In value terms, starter battery production declined to $X in 2022 estimated in export price. In general, production, however, saw a slight descent. The pace of growth was the most pronounced in 2017 with an increase of 14%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Starter Battery Exports

Exports in Eastern Europe

Starter battery exports declined to X units in 2022, which is down by -11.5% compared with the previous year's figure. The total export volume increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. As a result, the exports reached the peak of X units, and then fell in the following year.

In value terms, starter battery exports reduced to $X in 2022. Total exports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.0% 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 +27.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

The Czech Republic was the largest exporter of lead-acid accumulators for starting piston engines in Eastern Europe, with the volume of exports amounting to X units, which was near 50% of total exports in 2022. It was distantly followed by Poland (X units), Bulgaria (X units) and Romania (X units), together creating a 39% share of total exports. Hungary (X units), Russia (X units) and Ukraine (X units) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +13.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest starter battery supplying countries in Eastern Europe were the Czech Republic ($X), Poland ($X) and Bulgaria ($X), together accounting for 87% of total exports. Romania, Hungary, Russia and Ukraine lagged somewhat behind, together accounting for a further 11%.

Among the main exporting countries, Hungary, with a CAGR of +13.8%, recorded 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 export price in Eastern Europe amounted to $X per unit, picking up by 4.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2017 when the export price increased by 16% against the previous year. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in the Czech Republic ($X per unit) and Poland ($X per unit), while Ukraine ($X per unit) and Russia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+2.8%), while the other leaders experienced more modest paces of growth.

Starter Battery Imports

Imports in Eastern Europe

In 2022, overseas purchases of lead-acid accumulators for starting piston engines decreased by -16.1% to X units for the first time since 2018, thus ending a three-year rising trend. The total import volume increased at an average annual rate of +1.5% 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 2016 with an increase of 42%. The volume of import peaked at X units in 2021, and then reduced sharply in the following year.

In value terms, starter battery imports contracted to $X in 2022. The total import value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of 45%. Over the period under review, imports attained the maximum at $X in 2021, and then declined in the following year.

Imports by Country

Russia (X units), Poland (X units) and the Czech Republic (X units) represented roughly 71% of total imports in 2022. It was distantly followed by Ukraine (X units), Romania (X units), Hungary (X units) and Slovakia (X units), together achieving a 21% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Romania (with a CAGR of +6.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest starter battery importing markets in Eastern Europe were Russia ($X), Poland ($X) and the Czech Republic ($X), with a combined 67% share of total imports. Romania, Slovakia, Ukraine and Hungary lagged somewhat behind, together accounting for a further 24%.

Ukraine, with a CAGR of +9.1%, recorded 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 Eastern Europe stood at $X per unit in 2022, rising by 3.5% against the previous year. In general, the import price continues to indicate a modest expansion. The pace of growth appeared the most rapid in 2021 when the import price increased by 8.9% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Slovakia ($X per unit) and Romania ($X per unit), while Russia ($X per unit) and the Czech Republic ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+5.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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