Greece: Market for Lead-Acid Accumulators (Excluding Starter Batteries) 2025

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

After three years of decline, the Greek market for lead-acid accumulators (excluding starter batteries) increased by 1,018% to $X in 2022. Over the period under review, consumption continues to indicate a significant increase. Lead-acid accumulators (excluding starter batteries) consumption peaked in 2022 and is expected to retain growth in the near future.

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

In value terms, lead-acid accumulators (excluding starter batteries) production expanded slightly to $X in 2022 estimated in export price. Overall, production saw a buoyant expansion. The most prominent rate of growth was recorded in 2014 when the production volume increased by 79% against the previous year. Over the period under review, production reached the maximum level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Lead-Acid Accumulators (Excluding Starter Batteries)

Exports from Greece

In 2022, shipments abroad of lead-acid accumulators (excluding starter batteries) decreased by -30.8% to X units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2021 with an increase of 161%. As a result, the exports attained the peak of X units, and then reduced dramatically in the following year.

In value terms, lead-acid accumulators (excluding starter batteries) exports expanded significantly to $X in 2022. Over the period under review, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2019 with an increase of 79% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

Germany (X units) was the main destination for lead-acid accumulators (excluding starter batteries) exports from Greece, accounting for a 42% share of total exports. Moreover, lead-acid accumulators (excluding starter batteries) exports to Germany exceeded the volume sent to the second major destination, Italy (X units), twofold. The third position in this ranking was taken by the United States (X units), with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany totaled +18.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+18.7% per year) and the United States (+160.6% per year).

In value terms, Germany ($X) remains the key foreign market for lead-acid accumulators (excluding starter batteries) exports from Greece, comprising 42% of total exports. The second position in the ranking was held by Italy ($X), with an 18% share of total exports. It was followed by the United States, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+26.1% per year) and the United States (+130.8% per year).

Export Prices by Country

In 2022, the average export price for lead-acid accumulators (excluding starter batteries) amounted to $X per unit, with an increase of 61% against the previous year. In general, the export price enjoyed a mild expansion. The pace of growth was the most pronounced in 2018 when the average export price increased by 78% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were South Africa ($X per unit) and South Korea ($X per unit), while the average price for exports to Peru ($X per unit) and Spain ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lead-Acid Accumulators (Excluding Starter Batteries)

Imports into Greece

In 2022, supplies from abroad of lead-acid accumulators (excluding starter batteries) decreased by -25.6% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 86% against the previous year. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, lead-acid accumulators (excluding starter batteries) imports soared to $X in 2022. Overall, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2018 when imports increased by 47%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.

Imports by Country

China (X units), Italy (X units) and Germany (X units) were the main suppliers of lead-acid accumulators (excluding starter batteries) imports to Greece, together comprising 57% of total imports. The Netherlands, India, Belgium, Hungary, Turkey, France, the United States, Bulgaria, Vietnam and Slovenia lagged somewhat behind, together accounting for a further 38%.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +93.8%), 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 Greece were China ($X), Italy ($X) and Germany ($X), with a combined 57% share of total imports. The Netherlands, India, Belgium, Hungary, Turkey, France, the United States, Bulgaria, Vietnam and Slovenia lagged somewhat behind, together comprising a further 38%.

Hungary, with a CAGR of +83.5%, recorded the highest growth rate of 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

In 2022, the average import price for lead-acid accumulators (excluding starter batteries) amounted to $X per unit, surging by 60% against the previous year. In general, the import price recorded a resilient expansion. The pace of growth was the most pronounced in 2017 when the average import price increased by 290%. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 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 Slovenia ($X per unit) and India ($X per unit), while the price for Bulgaria ($X per unit) and the United States ($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 (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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