Costa Rica: Market for Primary Cells and Batteries 2024

Market Size for Primary Cells and Batteries in Costa Rica

The Costa Rican primary cell and battery market surged to $X in 2022, with an increase of X% against the previous year. In general, consumption, however, showed a mild decline. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Production of Primary Cells and Batteries in Costa Rica

In value terms, primary cell and battery production expanded markedly to $X in 2022 estimated in export price. Overall, production recorded buoyant growth. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Primary Cells and Batteries

Exports from Costa Rica

In 2022, after two years of growth, there was significant decline in shipments abroad of primary cells and batteries, when their volume decreased by X% to X units. Over the period under review, exports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of X units, and then reduced remarkably in the following year.

In value terms, primary cell and battery exports contracted sharply to $X in 2022. Overall, exports, however, continue to indicate strong growth. The pace of growth was the most pronounced in 2019 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2021, and then fell notably in the following year.

Exports by Country

Mexico (X units), Peru (X units) and Guatemala (X units) were the main destinations of primary cell and battery exports from Costa Rica, with a combined X% share of total exports.

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

In value terms, Mexico ($X), Peru ($X) and Guatemala ($X) appeared to be the largest markets for primary cell and battery exported from Costa Rica worldwide, together comprising X% of total exports.

Peru, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of 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 primary cell and battery export price amounted to $X per unit, approximately equating the previous year. Overall, the export price showed a perceptible descent. The pace of growth appeared the most rapid in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($X per unit) and Guatemala ($X per unit), while the average price for exports to Chile ($X per unit) and Panama ($X 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 Guatemala (X%), while the prices for the other major destinations experienced a decline.

Imports of Primary Cells and Batteries

Imports into Costa Rica

In 2022, the amount of primary cells and batteries imported into Costa Rica skyrocketed to X units, jumping by X% against the year before. Over the period under review, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

In value terms, primary cell and battery imports rose rapidly to $X in 2022. In general, total imports indicated prominent growth 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest primary cell and battery supplier to Costa Rica, with a X% share of total imports. Moreover, primary cell and battery imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), twofold. The third position in this ranking was held by Belgium (X units), with an X% share.

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

In value terms, China ($X), the United States ($X) and Belgium ($X) constituted the largest primary cell and battery suppliers to Costa Rica, together accounting for X% of total imports.

In terms of the main suppliers, Belgium, 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 primary cell and battery import price amounted to $X per unit, which is down by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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