Argentina: Lithium Battery Market 2024

Lithium Battery Market Size in Argentina

In 2021, the Argentinian lithium battery market was finally on the rise to reach $X after two years of decline. Overall, consumption showed a resilient increase. Lithium battery consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Lithium Battery Exports

Exports from Argentina

Lithium battery exports from Argentina surged to X kg in 2021, with an increase of 200% against 2020. In general, exports recorded a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, lithium battery exports soared to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Paraguay (X kg) was the main destination for lithium battery exports from Argentina, with a 66% share of total exports. Moreover, lithium battery exports to Paraguay exceeded the volume sent to the second major destination, Finland (X kg), eightfold. The third position in this ranking was held by the United States (X kg), with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume to Paraguay totaled +42.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Finland (+96.2% per year) and the United States (+6.7% per year).

In value terms, Romania ($X) emerged as the key foreign market for lithium cells ans batteries exports from Argentina, comprising 50% of total exports. The second position in the ranking was held by the United States ($X), with a 19% share of total exports. It was followed by Colombia, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Romania was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-3.5% per year) and Colombia (+22.0% per year).

Export Prices by Country

The average lithium battery export price stood at $X per ton in 2021, jumping by 36% against the previous year. Overall, the export price, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when the average export price increased by 77%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Romania ($X per ton), while the average price for exports to Finland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Peru (+12.8%), while the prices for the other major destinations experienced more modest paces of growth.

Lithium Battery Imports

Imports into Argentina

Lithium battery imports into Argentina surged to X tons in 2021, rising by 16% compared with 2020 figures. In general, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 144% against the previous year. Imports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, lithium battery imports skyrocketed to $X in 2021. Over the period under review, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -13.0% against 2018 indices. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Thailand (X tons) constituted the largest supplier of lithium battery to Argentina, accounting for a 53% share of total imports. Moreover, lithium battery imports from Thailand exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. The third position in this ranking was held by Indonesia (X tons), with a 6.8% share.

From 2012 to 2021, the average annual growth rate of volume from Thailand totaled +108.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.3% per year) and Indonesia (+6.2% per year).

In value terms, the largest lithium battery suppliers to Argentina were Thailand ($X), China ($X) and the United States ($X), with a combined 62% share of total imports.

Thailand, with a CAGR of +68.0%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average lithium battery import price stood at $X per ton in 2021, with an increase of 4.8% against the previous year. Overall, the import price, however, saw a deep slump. The most prominent rate of growth was recorded in 2013 an increase of 72% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for Singapore ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+1.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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