Ukraine: Starter Battery Market 2024

Starter Battery Market Size in Ukraine

The Ukrainian starter battery market soared to $X in 2022, jumping by 68% against the previous year. In general, consumption showed a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Starter Battery Production in Ukraine

In value terms, starter battery production contracted modestly to $X in 2022 estimated in export price. In general, production saw a abrupt setback. The most prominent rate of growth was recorded in 2018 with an increase of 37%. Starter battery production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Starter Battery Exports

Exports from Ukraine

In 2022, after two years of growth, there was significant decline in overseas shipments of lead-acid accumulators for starting piston engines, when their volume decreased by -59% to X units. In general, exports faced a abrupt descent. The pace of growth appeared the most rapid in 2017 when exports increased by 34%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, starter battery exports contracted sharply to $X in 2022. Overall, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 53% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Poland (X units), France (X units) and Italy (X units) were the main destinations of starter battery exports from Ukraine, with a combined 64% share of total exports. Lithuania, Azerbaijan, Armenia, Moldova, the UK, Belarus, Montenegro, Georgia, Hungary and Russia lagged somewhat behind, together accounting for a further 28%.

From 2012 to 2022, the biggest increases were recorded for Montenegro (with a CAGR of +43.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for starter battery exported from Ukraine were Poland ($X), France ($X) and Lithuania ($X), with a combined 61% share of total exports. Italy, Azerbaijan, the UK, Moldova, Armenia, Belarus, Georgia, Montenegro, Hungary and Russia lagged somewhat behind, together accounting for a further 30%.

Montenegro, with a CAGR of +48.7%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination 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, waning by -3.7% against the previous year. Overall, the export price recorded a mild downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Italy ($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 the UK (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.

Starter Battery Imports

Imports into Ukraine

In 2022, purchases abroad of lead-acid accumulators for starting piston engines decreased by -11.1% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, continue to indicate a temperate increase. The most prominent rate of growth was recorded in 2019 when imports increased by 34% against the previous year. Imports peaked at X units in 2021, and then shrank in the following year.

In value terms, starter battery imports skyrocketed to $X in 2022. Over the period under review, imports, however, posted a prominent expansion. The most prominent rate of growth was recorded in 2015 when imports increased by 40%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

The Czech Republic (X units), Poland (X units) and Slovenia (X units) were the main suppliers of starter battery imports to Ukraine, together accounting for 56% of total imports. Turkey, China, Bulgaria, Italy, Kazakhstan, Spain, South Korea, Germany, Romania and Hungary lagged somewhat behind, together comprising a further 42%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +71.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Slovenia ($X) were the largest starter battery suppliers to Ukraine, with a combined 61% share of total imports. Turkey, Bulgaria, Italy, Kazakhstan, Germany, Spain, South Korea, China, Hungary and Romania lagged somewhat behind, together accounting for a further 36%.

Romania, with a CAGR of +71.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average starter battery import price amounted to $X per unit, increasing by 31% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, starter battery import price increased by +72.4% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+12.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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