South-Eastern Asia: Starter Battery Market 2025

Starter Battery Market Size in South-Eastern Asia

The Southeast Asian starter battery market totaled $X in 2022, surging by 8.8% against the previous year. The total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +83.9% against 2015 indices. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in years to come.

Starter Battery Production in South-Eastern Asia

In value terms, starter battery production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when the production volume increased by 18% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Starter Battery Exports

Exports in South-Eastern Asia

In 2022, the amount of lead-acid accumulators for starting piston engines exported in South-Eastern Asia shrank modestly to X units, with a decrease of -2.8% against 2021 figures. The total export volume increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 when exports increased by 22%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, starter battery exports reached $X in 2022. The total export value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 28% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand (X units) and the Philippines (X units) represented roughly 70% of total exports in 2022. Vietnam (X units) held the next position in the ranking, followed by Indonesia (X units) and Malaysia (X units). All these countries together took approx. 27% share of total exports. Singapore (X units) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Vietnam (with a CAGR of +9.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest starter battery supplying countries in South-Eastern Asia were Thailand ($X), Indonesia ($X) and Vietnam ($X), together comprising 74% of total exports.

Vietnam, with a CAGR of +10.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, increasing by 3.6% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the export price increased by 20% against the previous year. Over the period under review, the export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+18.1%), while the other leaders experienced more modest paces of growth.

Starter Battery Imports

Imports in South-Eastern Asia

In 2022, the amount of lead-acid accumulators for starting piston engines imported in South-Eastern Asia surged to X units, increasing by 16% against the previous year. In general, imports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 37%. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, starter battery imports stood at $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +6.8% 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 +27.1% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of 24% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Malaysia was the largest importer of lead-acid accumulators for starting piston engines in South-Eastern Asia, with the volume of imports accounting for X units, which was near 57% of total imports in 2022. Myanmar (X units) took the second position in the ranking, followed by the Philippines (X units), Indonesia (X units), Thailand (X units) and Singapore (X units). All these countries together held approx. 40% share of total imports. Vietnam (X units) followed a long way behind the leaders.

Imports into Malaysia increased at an average annual rate of +16.9% from 2012 to 2022. At the same time, Myanmar (+44.1%), Indonesia (+13.3%), Thailand (+9.2%) and the Philippines (+7.1%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +44.1% from 2012-2022. Singapore and Vietnam experienced a relatively flat trend pattern. While the share of Malaysia (+16 p.p.) and Myanmar (+12 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Thailand (-2.7 p.p.), Vietnam (-6.1 p.p.), the Philippines (-6.1 p.p.) and Singapore (-12.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest starter battery importing markets in South-Eastern Asia were Malaysia ($X), Indonesia ($X) and Thailand ($X), with a combined 64% share of total imports. Myanmar, Singapore, the Philippines and Vietnam lagged somewhat behind, together accounting for a further 34%.

Myanmar, with a CAGR of +28.4%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, dropping by -10.7% against the previous year. In general, the import price recorded a abrupt decrease. The pace of growth was the most pronounced in 2019 when the import price increased by 6.8%. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Indonesia ($X per unit), while Malaysia ($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 (+3.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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