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

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

In 2022, the German market for lead-acid accumulators (excluding starter batteries) increased by 10% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, saw a relatively flat trend pattern. Lead-acid accumulators (excluding starter batteries) consumption peaked at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

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

In value terms, lead-acid accumulators (excluding starter batteries) production stood at $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of 76%. Lead-acid accumulators (excluding starter batteries) production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Lead-Acid Accumulators (Excluding Starter Batteries)

Exports from Germany

After ten years of growth, overseas shipments of lead-acid accumulators (excluding starter batteries) decreased by -3.4% to X units in 2022. Over the period under review, exports, however, recorded a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 47%. The exports peaked at X units in 2021, and then dropped slightly in the following year.

In value terms, lead-acid accumulators (excluding starter batteries) exports reduced slightly to $X in 2022. The total export value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 12% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Poland (X units), China (X units) and Austria (X units) were the main destinations of lead-acid accumulators (excluding starter batteries) exports from Germany, together comprising 32% of total exports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +33.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the UK ($X) and Poland ($X) constituted the largest markets for lead-acid accumulators (excluding starter batteries) exported from Germany worldwide, together comprising 19% of total exports. Italy, China, the Netherlands, the United States, Belgium, Austria, the Czech Republic, Russia, Switzerland and Hungary lagged somewhat behind, together comprising a further 43%.

The United States, with a CAGR of +11.9%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for lead-acid accumulators (excluding starter batteries) stood at $X per unit in 2022, rising by 1.7% against the previous year. In general, the export price, however, faced a deep reduction. The pace of growth appeared the most rapid in 2014 an increase of 4.1%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Poland ($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 the UK (-5.5%), while the prices for the other major destinations experienced a decline.

Imports of Lead-Acid Accumulators (Excluding Starter Batteries)

Imports into Germany

In 2022, approx. X units of lead-acid accumulators (excluding starter batteries) were imported into Germany; picking up by 18% against the year before. The total import volume increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 27% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, lead-acid accumulators (excluding starter batteries) imports declined modestly to $X in 2022. Overall, total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36%. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of lead-acid accumulators (excluding starter batteries) to Germany, accounting for a 50% 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), threefold. Taiwan (Chinese) (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+14.9% per year) and Taiwan (Chinese) (+45.6% per year).

In value terms, the largest lead-acid accumulators (excluding starter batteries) suppliers to Germany were China ($X), Greece ($X) and Poland ($X), together comprising 47% of total imports. Vietnam, India, France, Taiwan (Chinese), Austria and the UK lagged somewhat behind, together accounting for a further 29%.

India, with a CAGR of +37.3%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers 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, falling by -15.6% against the previous year. In general, import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 an increase of 26%. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then fell significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Greece ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :