Colombia: Starter Battery Market 2024

Starter Battery Market Size in Colombia

The Colombian starter battery market totaled $X in 2022, remaining constant against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Starter battery consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Starter Battery Production in Colombia

In value terms, starter battery production expanded to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

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Starter Battery Exports

Exports from Colombia

In 2022, the amount of lead-acid accumulators for starting piston engines exported from Colombia rose sharply to X units, picking up by X% compared with the previous year's figure. Overall, total exports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2013 indices. The growth pace was the most rapid in 2014 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, starter battery exports soared to $X in 2022. Over the period under review, total exports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for starter battery exports from Colombia, with a X% share of total exports. Moreover, starter battery exports to the United States exceeded the volume sent to the second major destination, Peru (X units), fivefold. Venezuela (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (X% per year) and Venezuela (X% per year).

In value terms, the United States ($X) remains the key foreign market for lead-acid accumulators for starting piston engines exports from Colombia, comprising X% of total exports. The second position in the ranking was held by Peru ($X), with a X% share of total exports. It was followed by Venezuela, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (X% per year) and Venezuela (X% per year).

Export Prices by Country

The average starter battery export price stood at $X per unit in 2022, surging by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 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 Canada ($X per unit), while the average price for exports to Mexico ($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 Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Starter Battery Imports

Imports into Colombia

In 2022, starter battery imports into Colombia fell to X units, which is down by X% compared with the previous year's figure. Over the period under review, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. Imports peaked at X units in 2021, and then contracted in the following year.

In value terms, starter battery imports totaled $X in 2022. Overall, imports, however, recorded a strong increase. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest starter battery supplier to Colombia, with a X% share of total imports. Moreover, starter battery imports from China exceeded the figures recorded by the second-largest supplier, Venezuela (X units), tenfold. The third position in this ranking was taken by South Korea (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Venezuela (X% per year) and South Korea (X% per year).

In value terms, China ($X), Venezuela ($X) and South Korea ($X) were the largest starter battery suppliers to Colombia, together comprising X% of total imports. The United States, Mexico, Ecuador, Vietnam and Indonesia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 X% against the previous year. In general, the import price, however, showed a noticeable decline. The pace of growth appeared the most rapid in 2013 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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