Singapore: Starter Battery Market 2025

Starter Battery Market Size in Singapore

The Singaporean starter battery market shrank notably to $X in 2022, waning by -24.8% against the previous year. Over the period under review, consumption, however, enjoyed a buoyant expansion. As a result, consumption attained the peak level of $X, and then reduced rapidly in the following year.

Starter Battery Production in Singapore

In value terms, starter battery production dropped sharply to $X in 2022 estimated in export price. In general, production recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 when the production volume increased by 990%. Starter battery production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Starter Battery Exports

Exports from Singapore

In 2022, overseas shipments of lead-acid accumulators for starting piston engines were finally on the rise to reach X units after four years of decline. Overall, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 25% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, starter battery exports reduced slightly to $X in 2022. In general, exports saw resilient growth. The growth pace was the most rapid in 2018 when exports increased by 39% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021, and then shrank in the following year.

Exports by Country

Malaysia (X units) was the main destination for starter battery exports from Singapore, with a 60% share of total exports. Moreover, starter battery exports to Malaysia exceeded the volume sent to the second major destination, Indonesia (X units), sevenfold. Australia (X units) ranked third in terms of total exports with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia amounted to -11.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (-0.2% per year) and Australia (+8.2% per year).

In value terms, Malaysia ($X), Indonesia ($X) and Australia ($X) were the largest markets for starter battery exported from Singapore worldwide, together accounting for 52% of total exports. Japan, Thailand, Taiwan (Chinese), Hong Kong SAR, India, Vietnam, the United Arab Emirates and Saudi Arabia lagged somewhat behind, together accounting for a further 37%.

Among the main countries of destination, Japan, with a CAGR of +43.5%, recorded the highest rates of growth with regard to 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 starter battery export price amounted to $X per unit, declining by -11.2% against the previous year. In general, the export price, however, showed a resilient increase. The pace of growth was the most pronounced in 2018 an increase of 78% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2021, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to Malaysia ($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 Saudi Arabia (+26.7%), while the prices for the other major destinations experienced more modest paces of growth.

Starter Battery Imports

Imports into Singapore

In 2022, the amount of lead-acid accumulators for starting piston engines imported into Singapore reduced to X units, waning by -4.5% compared with the previous year's figure. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 71% against the previous year. As a result, imports attained the peak of X units, and then shrank modestly in the following year.

In value terms, starter battery imports dropped markedly to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 38% against the previous year. As a result, imports attained the peak of $X, and then declined notably in the following year.

Imports by Country

China (X units), India (X units) and South Korea (X units) were the main suppliers of starter battery imports to Singapore, together comprising 81% of total imports. Indonesia, Germany, Vietnam, Bangladesh, the United States, Malaysia and Japan lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +65.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and India ($X) appeared to be the largest starter battery suppliers to Singapore, together accounting for 67% of total imports. Germany, Indonesia, the United States, Bangladesh, Malaysia, Vietnam and Japan lagged somewhat behind, together comprising a further 25%.

Vietnam, with a CAGR of +60.3%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average starter battery import price stood at $X per unit in 2022, waning by -20.6% against the previous year. Over the period under review, the import price saw a mild decrease. The most prominent rate of growth was recorded in 2015 an increase of 53% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 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 Germany ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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