Mexico - Lead-Acid Accumulators For Starting Piston Engines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingStarter Battery Price in Mexico - 2023
Contents:
- Starter Battery Price in Mexico (FOB) - 2023
- Starter Battery Price in Mexico (CIF) - 2023
- Starter Battery Exports in Mexico
- Starter Battery Imports in Mexico
Starter Battery Price in Mexico (FOB) - 2023
The average starter battery export price stood at $43.1 per unit in June 2023, therefore, remained relatively stable against the previous month. Over the period under review, the export price continues to indicate a modest expansion. The pace of growth appeared the most rapid in October 2022 when the average export price increased by 12% against the previous month. Over the period under review, the average export prices hit record highs at $44.0 per unit in November 2022; however, from December 2022 to June 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In June 2023, the countries with the highest prices were Honduras ($57.2 per unit) and Guatemala ($50.3 per unit), while the average price for exports to the United States ($42.3 per unit) and Costa Rica ($50.2 per unit) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Honduras (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.
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Starter Battery Price in Mexico (CIF) - 2023
The average starter battery import price stood at $16.6 per unit in June 2023, waning by -14.2% against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 70% month-to-month. The import price peaked at $25.4 per unit in December 2022; however, from January 2023 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($63.0 per unit), while the price for Spain ($8.1 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Spain (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Starter Battery Exports in Mexico
For the fourth consecutive year, Mexico recorded growth in overseas shipments of lead-acid accumulators for starting piston engines, which increased by 1.2% to 24M units in 2022. The total export volume increased at an average annual rate of +11.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 25% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, starter battery exports totaled $942M in 2022. The total export value increased at an average annual rate of +5.4% from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 9.8%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Starter Battery in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 703 | 779 | 824 | 855 | 6.7% |
| Guatemala | 23.3 | 25.0 | 27.8 | 32.6 | 11.8% |
| Others | 78.4 | 79.2 | 53.5 | 54.8 | -11.3% |
| Total | 805 | 884 | 905 | 942 | 5.4% |
Top Export Markets for Starter Battery from Mexico in 2022:
- United States (21.8M units)
- Guatemala (0.7M units)
Starter Battery Imports in Mexico
In 2022, the amount of lead-acid accumulators for starting piston engines imported into Mexico skyrocketed to 12M units, increasing by 29% on the previous year. Over the period under review, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 87% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, starter battery imports amounted to $246M in 2022. In general, imports, however, continue to indicate a deep reduction. Imports peaked at $324M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Starter Battery in Mexico (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 189 | 139 | 162 | 152 | -7.0% |
| China | 13.5 | 18.3 | 36.3 | 41.5 | 45.4% |
| Germany | 26.6 | 15.0 | 18.1 | 22.1 | -6.0% |
| South Korea | 25.4 | 19.1 | 12.8 | 13.3 | -19.4% |
| Vietnam | 4.5 | 5.1 | 3.2 | 4.6 | 0.7% |
| Austria | 52.2 | 35.3 | N/A | N/A | -32.4% |
| Others | 13.7 | 8.2 | 8.5 | 11.8 | -4.9% |
| Total | 324 | 240 | 241 | 246 | -8.8% |
Top Suppliers of Starter Battery to Mexico in 2022:
- Austria (undefinedM units)
- United States (6.9M units)
- China (3.9M units)
- Germany (0.4M units)
- South Korea (0.3M units)
- Vietnam (0.2M units)
This report provides an in-depth analysis of the starter battery market in Mexico. 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 27202100 - Lead-acid accumulators for starting piston engines
- Prodcom 27202110 -
- Prodcom 27202120 -
Country coverage:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- 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
-
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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This report provides an in-depth analysis of the starter battery market in Mexico.
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Starter Battery exports reached a peak of 2.2M units in March 2023 but struggled to regain momentum from April to October. In October 2023, exports saw a surge in value, amounting to $88M.
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The price of the Starter Battery in June 2023 remained nearly unchanged at $43.1 per unit (FOB, Mexico) compared to the previous month.
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In July 2022, the accumulator price stood at $5.8 per unit (CIF, Mexico), falling by -7.8% against the previous month.
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