Northern America: Starter Battery Market 2024

Starter Battery Market Size in Northern America

The North American starter battery market totaled $X in 2022, growing by 12% against the previous year. The market value increased at an average annual rate of +4.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in the immediate term.

Starter Battery Production in Northern America

In value terms, starter battery production reduced to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced reduction. The pace of growth appeared the most rapid in 2021 with an increase of 14%. The level of production peaked at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Starter Battery Exports

Exports in Northern America

In 2022, shipments abroad of lead-acid accumulators for starting piston engines increased by 9% to X units, rising for the second consecutive year after two years of decline. In general, exports, however, showed a slight shrinkage. The growth pace was the most rapid in 2018 with an increase of 14% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, starter battery exports rose notably to $X in 2022. The total export value increased at an average annual rate of +2.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when exports increased by 19% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) represented roughly 99% of total exports in 2022.

The United States was also the fastest-growing in terms of the lead-acid accumulators for starting piston engines exports, with a CAGR of -1.5% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) also remains the largest starter battery supplier in Northern America.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to +1.9%.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per unit, increasing by 2.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The pace of growth was the most pronounced in 2017 when the export price increased by 18% against the previous year. Over the period under review, the export prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +3.5% per year.

Starter Battery Imports

Imports in Northern America

In 2022, imports of lead-acid accumulators for starting piston engines in Northern America rose remarkably to X units, increasing by 13% against the year before. Overall, imports showed a resilient increase. The growth pace was the most rapid in 2017 with an increase of 51%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, starter battery imports soared to $X in 2022. Over the period under review, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 when imports increased by 64% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

The United States was the largest importing country with an import of about X units, which finished at 84% of total imports. It was distantly followed by Canada (X units), making up a 16% share of total imports.

The United States was also the fastest-growing in terms of the lead-acid accumulators for starting piston engines imports, with a CAGR of +10.3% from 2012 to 2022. At the same time, Canada (+1.2%) displayed positive paces of growth. The United States (+15 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -15% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported lead-acid accumulators for starting piston engines in Northern America, comprising 77% of total imports. The second position in the ranking was taken by Canada ($X), with a 23% share of total imports.

In the United States, starter battery imports expanded at an average annual rate of +14.4% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, rising by 7.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The most prominent rate of growth was recorded in 2017 when the import price increased by 8.1%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the United States amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.7%).

Source: IndexBox Platform

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