Latin America and the Caribbean: Starter Battery Market 2024

Starter Battery Market Size in Latin America and the Caribbean

The Latin American starter battery market expanded slightly to $X in 2022, picking up by X% against the previous year. In general, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Starter Battery Production in Latin America and the Caribbean

In value terms, starter battery production rose modestly to $X in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Starter Battery Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of lead-acid accumulators for starting piston engines decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Total exports indicated a notable increase 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 2015 indices. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units, and then dropped slightly in the following year.

In value terms, starter battery exports rose slightly to $X in 2022. Total exports indicated a buoyant expansion 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 2014 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

Mexico represented the key exporting country with an export of around X units, which amounted to X% of total exports. Colombia (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Brazil (X%).

Exports from Mexico increased at an average annual rate of X% from 2012 to 2022. At the same time, Colombia (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Colombia increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest starter battery supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Mexico stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Colombia (X% per year) and Brazil (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, increasing by X% against the previous year. Export price indicated tangible growth from 2012 to 2022: its price 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, starter battery export price decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2015 when the export price increased by X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the other leaders experienced mixed trends in the export price figures.

Starter Battery Imports

Imports in Latin America and the Caribbean

In 2022, starter battery imports in Latin America and the Caribbean shrank to X units, dropping by X% compared with 2021 figures. Total imports indicated a prominent expansion 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, imports increased by X% against 2016 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X units, and then contracted in the following year.

In value terms, starter battery imports shrank to $X in 2022. Total imports indicated a noticeable 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then contracted in the following year.

Imports by Country

Mexico represented the largest importer of lead-acid accumulators for starting piston engines in Latin America and the Caribbean, with the volume of imports recording X units, which was near X% of total imports in 2022. Colombia (X units) ranks second in terms of the total imports with a X% share, followed by Bolivia (X%), Chile (X%), Argentina (X%) and Peru (X%). The following importers - Guatemala (X units), the Dominican Republic (X units), Brazil (X units), Venezuela (X units), Paraguay (X units), Honduras (X units) and Ecuador (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to starter battery imports into Mexico stood at X%. At the same time, Bolivia (X%), Colombia (X%), Guatemala (X%), Peru (X%), Ecuador (X%), the Dominican Republic (X%), Honduras (X%), Chile (X%) and Paraguay (X%) displayed positive paces of growth. Moreover, Bolivia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Argentina (X%), Venezuela (X%) and Brazil (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico, Bolivia and Colombia increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported lead-acid accumulators for starting piston engines in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Chile ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Chile (X% per year) and Argentina (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, growing by X% against the previous year. Overall, the import price, however, showed a slight contraction. The growth pace was the most rapid in 2017 when the import price increased by X%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Paraguay ($X per unit), while Bolivia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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