South-Eastern Asia: Market for Lead-Acid Accumulators (Excluding Starter Batteries) 2025

Market Size for Lead-Acid Accumulators (Excluding Starter Batteries) in South-Eastern Asia

In 2022, the Southeast Asian market for lead-acid accumulators (excluding starter batteries) increased by 18% to $X for the first time since 2019, thus ending a two-year declining trend. The market value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Production of Lead-Acid Accumulators (Excluding Starter Batteries) in South-Eastern Asia

In value terms, lead-acid accumulators (excluding starter batteries) production expanded to $X in 2022 estimated in export price. In general, production recorded a resilient expansion. The growth pace was the most rapid in 2018 when the production volume increased by 40% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Lead-Acid Accumulators (Excluding Starter Batteries)

Exports in South-Eastern Asia

In 2022, shipments abroad of lead-acid accumulators (excluding starter batteries) decreased by -9.4% to X units for the first time since 2015, thus ending a six-year rising trend. In general, exports, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 50% against the previous year. The volume of export peaked at X units in 2021, and then fell in the following year.

In value terms, lead-acid accumulators (excluding starter batteries) exports totaled $X in 2022. Total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.5% against 2016 indices. The pace of growth appeared the most rapid in 2018 with an increase of 21%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

Exports by Country

Vietnam (X units) and Singapore (X units) represented roughly 71% of total exports in 2022. It was distantly followed by Malaysia (X units), Thailand (X units) and the Philippines (X units), together committing a 28% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +57.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the largest lead-acid accumulators (excluding starter batteries) supplier in South-Eastern Asia, comprising 76% of total exports. The second position in the ranking was taken by Thailand ($X), with a 6.8% share of total exports. It was followed by the Philippines, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value in Vietnam totaled +9.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Thailand (+2.7% per year) and the Philippines (+46.8% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, picking up by 11% against the previous year. Overall, the export price, however, recorded a noticeable descent. The pace of growth was the most pronounced in 2014 an increase of 19%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-3.3%), while the other leaders experienced a decline in the export price figures.

Imports of Lead-Acid Accumulators (Excluding Starter Batteries)

Imports in South-Eastern Asia

In 2022, the amount of lead-acid accumulators (excluding starter batteries) imported in South-Eastern Asia expanded modestly to X units, growing by 4.7% compared with the previous year. Total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +7.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.3% against 2020 indices. The growth pace was the most rapid in 2019 with an increase of 37%. Over the period under review, imports reached the peak figure at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, lead-acid accumulators (excluding starter batteries) imports skyrocketed to $X in 2022. Total imports indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of 31% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Malaysia (X units) and the Philippines (X units) represented the key importers of lead-acid accumulators (excluding starter batteries) in South-Eastern Asia, together finishing at near 70% of total imports. It was distantly followed by Singapore (X units), Thailand (X units) and Myanmar (X units), together creating a 26% share of total imports. The following importers - Indonesia (X units) and Vietnam (X units) - each accounted for a 3.5% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +50.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Malaysia ($X) and Indonesia ($X) constituted the countries with the highest levels of imports in 2022, with a combined 66% share of total imports. Singapore, Thailand, Vietnam and Myanmar lagged somewhat behind, together comprising a further 34%.

Among the main importing countries, Myanmar, with a CAGR of +25.1%, saw the highest growth rate of 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

In 2022, the import price in South-Eastern Asia amounted to $X per unit, increasing by 9.9% against the previous year. In general, the import price, however, saw a slight decrease. The pace of growth appeared the most rapid in 2017 when the import price increased by 13% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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