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

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

In 2022, after two years of growth, there was significant decline in the Estonian market for lead-acid accumulators (excluding starter batteries), when its value decreased by -27.5% to $X. Overall, consumption saw a deep setback. Lead-acid accumulators (excluding starter batteries) consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, lead-acid accumulators (excluding starter batteries) production dropped significantly to $X in 2022 estimated in export price. In general, production showed notable growth. The pace of growth was the most pronounced in 2014 with an increase of 830%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Lead-Acid Accumulators (Excluding Starter Batteries)

Exports from Estonia

In 2022, exports of lead-acid accumulators (excluding starter batteries) from Estonia skyrocketed to X units, growing by 172% on the previous year's figure. Over the period under review, exports, however, continue to indicate a deep downturn. Over the period under review, the exports attained the peak figure 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 abrupt slump. Over the period under review, the exports reached the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Russia (X units) was the main destination for lead-acid accumulators (excluding starter batteries) exports from Estonia, accounting for a 46% share of total exports. Moreover, lead-acid accumulators (excluding starter batteries) exports to Russia exceeded the volume sent to the second major destination, Kazakhstan (X units), fivefold. Latvia (X units) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia totaled -14.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-24.2% per year) and Latvia (-18.7% per year).

In value terms, Russia ($X) remains the key foreign market for lead-acid accumulators (excluding starter batteries) exports from Estonia, comprising 46% of total exports. The second position in the ranking was held by Kazakhstan ($X), with an 8.6% share of total exports. It was followed by Latvia, with an 8% share.

From 2012 to 2022, the average annual growth rate of value to Russia stood at -12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-28.4% per year) and Latvia (-6.8% per year).

Export Prices by Country

In 2022, the average export price for lead-acid accumulators (excluding starter batteries) amounted to $X per unit, reducing by -37.3% against the previous year. In general, the export price, however, continues to indicate perceptible growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 94% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Hong Kong SAR ($X per unit) and Russia ($X per unit), while the average price for exports to Finland ($X per unit) and Switzerland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+27.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lead-Acid Accumulators (Excluding Starter Batteries)

Imports into Estonia

In 2022, after two years of growth, there was significant decline in overseas purchases of lead-acid accumulators (excluding starter batteries), when their volume decreased by -36.9% to X units. In general, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by 41% against the previous year. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, lead-acid accumulators (excluding starter batteries) imports totaled $X in 2022. Overall, imports recorded a perceptible shrinkage. The growth pace was the most rapid in 2018 when imports increased by 18%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), South Korea (X units) and Finland (X units) were the main suppliers of lead-acid accumulators (excluding starter batteries) imports to Estonia, together comprising 40% of total imports. Germany, Vietnam, the UK, Greece, Latvia, the United States, Italy, the Netherlands, Sweden and France lagged somewhat behind, together comprising a further 51%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +88.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lead-acid accumulators (excluding starter batteries) suppliers to Estonia were China ($X), South Korea ($X) and Finland ($X), with a combined 40% share of total imports. Germany, Vietnam, the UK, Greece, Latvia, the United States, Italy, the Netherlands, Sweden and France lagged somewhat behind, together accounting for a further 51%.

Vietnam, with a CAGR of +83.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for lead-acid accumulators (excluding starter batteries) stood at $X per unit in 2022, surging by 59% against the previous year. In general, the import price posted a buoyant increase. The growth pace was the most rapid in 2016 an increase of 72%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per unit) and Greece ($X per unit), while the price for France ($X per unit) and Sweden ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+27.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform