EU: Accumulator Market 2024

Accumulator Market Size in the EU

The EU accumulator market skyrocketed to $X in 2022, jumping by X% against the previous year. Overall, consumption showed a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Accumulator Production in the EU

In value terms, accumulator production fell to $X in 2022 estimated in export price. Overall, production continues to indicate a resilient increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, production attained the peak level of $X, and then declined in the following year.

Accumulator Exports

Exports in the EU

In 2022, the amount of electric accumulators exported in the European Union soared to X units, increasing by X% on the year before. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, accumulator exports soared to $X in 2022. Overall, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Poland represented the largest exporter of electric accumulators in the European Union, with the volume of exports amounting to X units, which was near X% of total exports in 2022. Hungary (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Germany (X%) and the Czech Republic (X%). The following exporters - Spain (X units), the Netherlands (X units), Belgium (X units), Slovakia (X units), France (X units) and Italy (X units) - together made up X% of total exports.

Poland was also the fastest-growing in terms of the electric accumulators exports, with a CAGR of X% from 2012 to 2022. At the same time, Slovakia (X%), Hungary (X%), Germany (X%), the Czech Republic (X%), Belgium (X%), Spain (X%), Italy (X%), France (X%) and the Netherlands (X%) displayed positive paces of growth. While the share of Poland (X p.p.), Hungary (X p.p.) and Slovakia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the Czech Republic (X p.p.), Germany (X p.p.), Italy (X p.p.), Spain (X p.p.), France (X p.p.) and the Netherlands (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest accumulator supplying countries in the European Union were Poland ($X), Germany ($X) and Hungary ($X), with a combined X% share of total exports.

Among the main exporting countries, Hungary, with a CAGR of X%, saw the highest rates of growth with regard to 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

The export price in the European Union stood at $X per unit in 2022, waning by X% against the previous year. In general, the export price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

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

Accumulator Imports

Imports in the EU

For the eleventh year in a row, the European Union recorded growth in overseas purchases of electric accumulators, which increased by X% to X units in 2022. Overall, imports continue to indicate significant growth. 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 posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X units) and the Czech Republic (X units) were the largest importers of electric accumulators in the European Union, together creating X% of total imports. Italy (X units) ranks next in terms of the total imports with an X% share, followed by Spain (X%), Poland (X%), Hungary (X%) and France (X%).

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by the Czech Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported electric accumulators in the European Union, comprising X% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with an X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Germany stood at X%. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Italy (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the import price showed a pronounced setback. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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