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

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

In 2022, after two years of growth, there was significant decline in the Finnish market for lead-acid accumulators (excluding starter batteries), when its value decreased by -20.7% to $X. In general, consumption saw a abrupt downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Exports of Lead-Acid Accumulators (Excluding Starter Batteries)

Exports from Finland

In 2022, overseas shipments of lead-acid accumulators (excluding starter batteries) decreased by -35% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 54% against the previous year. As a result, the exports attained the peak of X units, and then declined dramatically in the following year.

In value terms, lead-acid accumulators (excluding starter batteries) exports reduced to $X in 2022. In general, total exports indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% 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 +77.2% against 2015 indices. The growth pace was the most rapid in 2013 with an increase of 53%. Over the period under review, the exports attained the maximum at $X in 2021, and then dropped slightly in the following year.

Exports by Country

Estonia (X units) was the main destination for lead-acid accumulators (excluding starter batteries) exports from Finland, with a 19% share of total exports. Moreover, lead-acid accumulators (excluding starter batteries) exports to Estonia exceeded the volume sent to the second major destination, Lithuania (X units), twofold. Latvia (X units) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia amounted to -11.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (-2.4% per year) and Latvia (+27.6% per year).

In value terms, Estonia ($X) remains the key foreign market for lead-acid accumulators (excluding starter batteries) exports from Finland, comprising 19% of total exports. The second position in the ranking was taken by Lithuania ($X), with an 8.9% share of total exports. It was followed by Latvia, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value to Estonia amounted to +1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lithuania (+6.6% per year) and Latvia (+29.3% per year).

Export Prices by Country

The average export price for lead-acid accumulators (excluding starter batteries) stood at $X per unit in 2022, rising by 51% against the previous year. Over the period under review, the export price showed a strong increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 123%. 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 remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Sweden ($X per unit) and Norway ($X per unit), while the average price for exports to Poland ($X per unit) and Germany ($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 Sweden (+18.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lead-Acid Accumulators (Excluding Starter Batteries)

Imports into Finland

In 2022, overseas purchases of lead-acid accumulators (excluding starter batteries) decreased by -37.6% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 53% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, lead-acid accumulators (excluding starter batteries) imports soared to $X in 2022. The total import value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when imports increased by 16%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Poland (X units), China (X units) and France (X units) were the main suppliers of lead-acid accumulators (excluding starter batteries) imports to Finland, together accounting for 45% of total imports. Germany, Spain, Vietnam, the United States, Italy, Taiwan (Chinese), Slovenia, Sweden and the UK lagged somewhat behind, together accounting for a further 50%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +39.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), China ($X) and France ($X) appeared to be the largest lead-acid accumulators (excluding starter batteries) suppliers to Finland, with a combined 45% share of total imports. Germany, Spain, Vietnam, the United States, Italy, Taiwan (Chinese), Slovenia, Sweden and the UK lagged somewhat behind, together comprising a further 50%.

In terms of the main suppliers, Spain, with a CAGR of +28.8%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for lead-acid accumulators (excluding starter batteries) amounted to $X per unit, growing by 86% against the previous year. In general, the import price enjoyed a resilient increase. The growth pace was the most rapid in 2017 when the average import price increased by 230% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a 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 UK ($X per unit) and Sweden ($X per unit), while the price for France ($X per unit) and Spain ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+24.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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