Republic of Korea - Lead-Acid Accumulators (Excluding Starter Batteries) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Lead-Acid Accumulators (Excluding Starter Batteries) in South Korea - 2022
Contents:
- Price for Lead-Acid Accumulators (Excluding Starter Batteries) in South Korea (CIF) - 2022
- Price for Lead-Acid Accumulators (Excluding Starter Batteries) in South Korea (FOB) - 2022
- Imports of Lead-Acid Accumulators (Excluding Starter Batteries) in South Korea
- Exports of Lead-Acid Accumulators (Excluding Starter Batteries) in South Korea
Price for Lead-Acid Accumulators (Excluding Starter Batteries) in South Korea (CIF) - 2022
The average import price for lead-acid accumulators (excluding starter batteries) stood at $77 per unit in 2022, falling by -18.9% against the previous year. Over the period under review, the import price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 30% against the previous year. As a result, import price reached the peak level of $101 per unit. From 2019 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Vietnam ($77 per unit) and Japan ($77 per unit), while the price for Thailand ($77 per unit) and China ($77 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-2.5%), while the prices for the other major suppliers experienced a decline.
Price for Lead-Acid Accumulators (Excluding Starter Batteries) in South Korea (FOB) - 2022
In 2022, the average export price for lead-acid accumulators (excluding starter batteries) amounted to $70 per unit, picking up by 17% against the previous year. In general, the export price, however, saw a noticeable reduction. The pace of growth was the most pronounced in 2018 when the average export price increased by 84%. As a result, the export price reached the peak level of $117 per unit. From 2019 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Colombia ($70 per unit) and Uzbekistan ($70 per unit), while the average price for exports to Belgium ($70 per unit) and the Netherlands ($70 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (-3.1%), while the prices for the other major destinations experienced a decline.
Imports of Lead-Acid Accumulators (Excluding Starter Batteries) in South Korea
In 2022, the amount of lead-acid accumulators (excluding starter batteries) imported into South Korea soared to 1.1M units, jumping by 41% compared with the year before. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +17.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +60.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, lead-acid accumulators (excluding starter batteries) imports expanded sharply to $86M in 2022. The total import value increased at an average annual rate of +9.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Lead-Acid Accumulators (Excluding Starter Batteries) in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 21.4 | 18.4 | 25.0 | 26.0 | 6.7% |
| Vietnam | 15.3 | 13.1 | 14.7 | 16.7 | 3.0% |
| Japan | 5.0 | 11.1 | 14.5 | 14.3 | 41.9% |
| Italy | 2.2 | 5.8 | 2.5 | 9.1 | 60.5% |
| Greece | 2.6 | 3.7 | 3.9 | 4.6 | 20.9% |
| United States | 7.7 | 8.1 | 5.2 | 4.1 | -18.9% |
| Thailand | 3.1 | 3.4 | 2.7 | 3.4 | 3.1% |
| Others | 8.4 | 7.5 | 6.9 | 8.2 | -0.8% |
| Total | 65.6 | 71.1 | 75.4 | 86.4 | 9.6% |
Top Suppliers of Lead-Acid Accumulators (Excluding Starter Batteries) to South Korea in 2022:
- China (338.2K units)
- Vietnam (217.7K units)
- Japan (185.6K units)
- Italy (119.0K units)
- Greece (60.0K units)
- United States (52.9K units)
- Thailand (43.9K units)
Exports of Lead-Acid Accumulators (Excluding Starter Batteries) in South Korea
In 2022, shipments abroad of lead-acid accumulators (excluding starter batteries) decreased by -16.3% to 973K units for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +15.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +54.3% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 38%. As a result, the exports attained the peak of 1.2M units, and then shrank dramatically in the following year.
In value terms, lead-acid accumulators (excluding starter batteries) exports dropped modestly to $68M in 2022. The total export value increased at an average annual rate of +1.7% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 14%. As a result, the exports reached the peak of $70M, and then contracted modestly in the following year.
| Export of Lead-Acid Accumulators (Excluding Starter Batteries) in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 26.1 | 24.5 | 25.7 | 17.6 | -12.3% |
| Japan | 5.2 | 5.8 | 7.3 | 7.2 | 11.5% |
| United Kingdom | 1.4 | 0.9 | 3.2 | 4.7 | 49.7% |
| Germany | 0.6 | 0.6 | 2.1 | 3.1 | 72.9% |
| Australia | 2.5 | 2.2 | 3.5 | 2.9 | 5.1% |
| Vietnam | 3.0 | 4.0 | 2.2 | 2.8 | -2.3% |
| Uzbekistan | 0.3 | 0.5 | 0.5 | 1.9 | 85.0% |
| Belgium | 0.1 | 0.4 | 1.1 | 1.8 | 162.1% |
| United Arab Emirates | 1.9 | 2.0 | 2.8 | 1.6 | -5.6% |
| Indonesia | 0.8 | 0.7 | 0.6 | 1.5 | 23.3% |
| Hong Kong SAR | 0.7 | 0.8 | 1.2 | 1.5 | 28.9% |
| Colombia | 1.0 | 0.6 | 1.4 | 1.3 | 9.1% |
| Netherlands | 0.5 | 0.3 | 0.6 | 1.3 | 37.5% |
| Others | 20.7 | 17.7 | 17.4 | 19.1 | -2.6% |
| Total | 64.9 | 61.0 | 69.7 | 68.3 | 1.7% |
Top Export Markets for Lead-Acid Accumulators (Excluding Starter Batteries) from South Korea in 2022:
- United States (250.5K units)
- Japan (102.8K units)
- United Kingdom (66.8K units)
- Germany (44.0K units)
- Australia (41.6K units)
- Vietnam (39.8K units)
- Uzbekistan (26.6K units)
- Belgium (24.9K units)
- United Arab Emirates (23.3K units)
- Hong Kong SAR (22.0K units)
- Indonesia (21.5K units)
- Colombia (19.0K units)
- Netherlands (18.2K units)
This report provides an in-depth analysis of the market for lead-acid accumulators (excluding starter batteries) in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27202200 - Lead-acid accumulators (excluding starter batteries)
- Prodcom 27202230 -
- Prodcom 27202240 -
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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