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

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

The Myanmar's market for lead-acid accumulators (excluding starter batteries) rose rapidly to $X in 2022, growing by 6.9% against the previous year. In general, consumption, however, continues to indicate a abrupt contraction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, lead-acid accumulators (excluding starter batteries) production stood at $X in 2022 estimated in export price. In general, production, however, continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2018 with an increase of 1,837%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Lead-Acid Accumulators (Excluding Starter Batteries)

Exports from Myanmar

In 2022, shipments abroad of lead-acid accumulators (excluding starter batteries) decreased by 0% to X units, falling for the second consecutive year after two years of decline. Over the period under review, exports faced a abrupt contraction. The pace of growth appeared the most rapid in 2015 when exports increased by 42%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, lead-acid accumulators (excluding starter batteries) exports stood at $X in 2022. In general, exports recorded significant growth. The growth pace was the most rapid in 2015 when exports increased by 16% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The Philippines (X units) was the main destination for lead-acid accumulators (excluding starter batteries) exports from Myanmar, accounting for a approx. 100% share of total exports.

From 2014 to 2022, the average annual rate of growth in terms of volume to the Philippines was relatively modest.

From 2014 to 2022, the average annual growth rate of value to the Philippines was relatively modest.

Export Prices by Country

In 2022, the average export price for lead-acid accumulators (excluding starter batteries) amounted to $X per unit, approximately mirroring the previous year. Over the period under review, the export price recorded a significant expansion. The pace of growth appeared the most rapid in 2015 a decrease of -18.2%. The export price peaked in 2022 and is likely to continue growth in the near future.

As there is only one major export destination, the average price level is determined by prices for the Philippines.

From 2014 to 2022, the rate of growth in terms of prices for the Philippines amounted to 0.0% per year.

Imports of Lead-Acid Accumulators (Excluding Starter Batteries)

Imports into Myanmar

For the fourth year in a row, Myanmar recorded growth in overseas purchases of lead-acid accumulators (excluding starter batteries), which increased by 98% to X units in 2022. Over the period under review, imports continue to indicate a significant increase. The growth pace was the most rapid in 2016 when imports increased by 463% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, lead-acid accumulators (excluding starter batteries) imports skyrocketed to $X in 2022. Overall, imports recorded a significant expansion. The growth pace was the most rapid in 2014 when imports increased by 244% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest lead-acid accumulators (excluding starter batteries) supplier to Myanmar, accounting for a 75% 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. India (X units) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +53.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+128.1% per year) and India (+80.8% per year).

In value terms, China ($X), Vietnam ($X) and India ($X) appeared to be the largest lead-acid accumulators (excluding starter batteries) suppliers to Myanmar, with a combined 95% share of total imports.

Among the main suppliers, Vietnam, with a CAGR of +86.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for lead-acid accumulators (excluding starter batteries) stood at $X per unit in 2022, which is down by -35.5% against the previous year. Overall, the import price showed a abrupt setback. The growth pace was the most rapid in 2018 an increase of 74%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, 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 India ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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