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

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

In 2022, the Indian market for lead-acid accumulators (excluding starter batteries) increased by 21% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.2% 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 +73.2% against 2020 indices. Lead-acid accumulators (excluding starter batteries) consumption peaked in 2022 and is likely to see steady growth in the near future.

Exports of Lead-Acid Accumulators (Excluding Starter Batteries)

Exports from India

In 2022, approx. X units of lead-acid accumulators (excluding starter batteries) were exported from India; growing by 23% on the previous year. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 70%. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, lead-acid accumulators (excluding starter batteries) exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The growth pace was the most rapid in 2021 with an increase of 100%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United Arab Emirates (X units), Germany (X units) and Lebanon (X units) were the main destinations of lead-acid accumulators (excluding starter batteries) exports from India, together accounting for 54% of total exports. Nigeria, Turkey, Nepal, Oman, the UK, the Philippines, South Africa, Jordan and Singapore lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2022, the biggest increases were recorded for Jordan (with a CAGR of +78.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Lebanon ($X) and Nigeria ($X) appeared to be the largest markets for lead-acid accumulators (excluding starter batteries) exported from India worldwide, with a combined 59% share of total exports. Germany, Turkey, Oman, Nepal, Jordan, the UK, South Africa, Singapore and the Philippines lagged somewhat behind, together accounting for a further 25%.

In terms of the main countries of destination, Jordan, with a CAGR of +97.6%, recorded the highest growth rate of 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

In 2022, the average export price for lead-acid accumulators (excluding starter batteries) amounted to $X per unit, growing by 16% against the previous year. In general, the export price, however, saw a mild decline. The most prominent rate of growth was recorded in 2021 an increase of 17%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Lebanon ($X per unit), while the average price for exports to the Philippines ($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 Jordan (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lead-Acid Accumulators (Excluding Starter Batteries)

Imports into India

In 2022, overseas purchases of lead-acid accumulators (excluding starter batteries) increased by 27% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports posted buoyant growth. The growth pace was the most rapid in 2018 when imports increased by 64%. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, lead-acid accumulators (excluding starter batteries) imports rose notably to $X in 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 50% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main supplier of lead-acid accumulators (excluding starter batteries) to India, with a 91% 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), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +16.4%.

In value terms, the largest lead-acid accumulators (excluding starter batteries) suppliers to India were China ($X) and Vietnam ($X).

Vietnam, with a CAGR of +2.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average import price for lead-acid accumulators (excluding starter batteries) stood at $X per unit in 2022, waning by -13.9% against the previous year. Overall, the import price recorded a deep contraction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 56%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

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 Vietnam ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-3.6%).

Source: IndexBox Platform

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