Hong Kong SAR, China: Starter Battery Market 2025

Starter Battery Market Size in Hong Kong SAR, China

The Hong Kong starter battery market reached $X in 2022, increasing by 14% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +108.6% against 2018 indices. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Starter Battery Exports

Exports from Hong Kong SAR, China

Starter battery exports from Hong Kong SAR reduced rapidly to X units in 2022, which is down by -76.1% compared with the previous year. In general, exports showed a sharp descent. The pace of growth was the most pronounced in 2018 with an increase of 148%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, starter battery exports dropped rapidly to $X in 2022. Overall, exports faced a abrupt decrease. The pace of growth appeared the most rapid in 2018 when exports increased by 142% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Macao SAR (X units) was the main destination for starter battery exports from Hong Kong SAR, accounting for a 50% share of total exports. Moreover, starter battery exports to Macao SAR exceeded the volume sent to the second major destination, China (X units), threefold. The United States (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to Macao SAR totaled +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-6.3% per year) and the United States (-33.5% per year).

In value terms, Macao SAR ($X) emerged as the key foreign market for lead-acid accumulators for starting piston engines exports from Hong Kong SAR, comprising 85% of total exports. The second position in the ranking was taken by China ($X), with an 8.4% share of total exports. It was followed by Angola, with a 3.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Macao SAR stood at +5.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-18.6% per year) and Angola (-14.1% per year).

Export Prices by Country

The average starter battery export price stood at $X per unit in 2022, jumping by 51% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, starter battery export price decreased by -14.1% against 2020 indices. The pace of growth was the most pronounced in 2020 an increase of 52% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to the UK ($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 Australia (+7.0%), while the prices for the other major destinations experienced mixed trend patterns.

Starter Battery Imports

Imports into Hong Kong SAR, China

In 2022, imports of lead-acid accumulators for starting piston engines into Hong Kong SAR shrank sharply to X units, falling by -29.2% against 2021. In general, imports continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 49% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, starter battery imports fell to $X in 2022. Over the period under review, imports continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2018 with an increase of 18%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Korea (X units) constituted the largest supplier of starter battery to Hong Kong SAR, with a 53% share of total imports. Moreover, starter battery imports from South Korea exceeded the figures recorded by the second-largest supplier, Japan (X units), fourfold. Thailand (X units) ranked third in terms of total imports with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea amounted to +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+18.0% per year) and Thailand (-10.1% per year).

In value terms, South Korea ($X) constituted the largest supplier of lead-acid accumulators for starting piston engines to Hong Kong SAR, comprising 40% of total imports. The second position in the ranking was held by Japan ($X), with a 16% share of total imports. It was followed by Malaysia, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea amounted to +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+14.5% per year) and Malaysia (+7.7% per year).

Import Prices by Country

The average starter battery import price stood at $X per unit in 2022, surging by 22% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, starter battery import price increased by +29.0% against 2019 indices. The pace of growth appeared the most rapid in 2018 an increase of 30% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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