Japan: Starter Battery Market 2024

Starter Battery Market Size in Japan

The Japanese starter battery market was estimated at $X in 2022, growing by 3.8% against the previous year. The market value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Starter Battery Production in Japan

In value terms, starter battery production expanded rapidly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 33% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Starter Battery Exports

Exports from Japan

In 2022, exports of lead-acid accumulators for starting piston engines from Japan reduced notably to X units, declining by -17.9% on the year before. Overall, exports showed a slight decrease. The pace of growth was the most pronounced in 2016 with an increase of 37%. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, starter battery exports reduced markedly to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when exports increased by 24%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for starter battery exports from Japan, with a 36% share of total exports. Moreover, starter battery exports to the United States exceeded the volume sent to the second major destination, Taiwan (Chinese) (X units), fourfold. Germany (X units) ranked third in terms of total exports with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+21.0% per year) and Germany (+2.8% per year).

In value terms, the United States ($X) remains the key foreign market for lead-acid accumulators for starting piston engines exports from Japan, comprising 36% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 8.5% share of total exports. It was followed by Germany, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+23.1% per year) and Germany (+4.6% per year).

Export Prices by Country

In 2022, the average starter battery export price amounted to $X per unit, almost unchanged from the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 21% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Russia ($X per unit) and Saudi Arabia ($X per unit), while the average price for exports to Taiwan (Chinese) ($X per unit) and Thailand ($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 Malaysia (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Starter Battery Imports

Imports into Japan

In 2022, overseas purchases of lead-acid accumulators for starting piston engines decreased by -13.3% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 21%. Imports peaked at X units in 2021, and then contracted in the following year.

In value terms, starter battery imports dropped to $X in 2022. In general, total imports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.2% 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 +56.4% against 2015 indices. The growth pace was the most rapid in 2021 when imports increased by 21% against the previous year. As a result, imports reached the peak of $X, and then shrank in the following year.

Imports by Country

In 2022, South Korea (X units) constituted the largest starter battery supplier to Japan, with a 60% share of total imports. Moreover, starter battery imports from South Korea exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. The third position in this ranking was held by China (X units), with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+9.4% per year) and China (-1.4% per year).

In value terms, South Korea ($X) constituted the largest supplier of lead-acid accumulators for starting piston engines to Japan, comprising 60% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by China, with a 5.6% share.

From 2012 to 2022, the average annual growth rate of value from South Korea was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+10.1% per year) and China (-0.8% per year).

Import Prices by Country

The average starter battery import price stood at $X per unit in 2022, picking up by 5.1% against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 8.5%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Spain ($X per unit) and Poland ($X per unit), while the price for Italy ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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