MERCOSUR: Accumulator Market 2024

Accumulator Market Size in MERCOSUR

In 2022, the MERCOSUR accumulator market increased by X% to $X, rising for the third consecutive year after two years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in the near future.

Accumulator Production in MERCOSUR

In value terms, accumulator production rose slightly to $X in 2022 estimated in export price. In general, production, however, showed a slight shrinkage. The growth pace was the most rapid 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 2013; however, from 2014 to 2022, production failed to regain momentum.

Accumulator Exports

Exports in MERCOSUR

In 2022, shipments abroad of electric accumulators decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X units, and then fell in the following year.

In value terms, accumulator exports stood at $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

Colombia (X units) and Brazil (X units) prevails in exports structure, together achieving X% of total exports. It was distantly followed by Peru (X units) and Ecuador (X units), together making up an X% share of total exports. Venezuela (X units) took a minor share of total exports.

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

In value terms, Colombia ($X), Brazil ($X) and Peru ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Ecuador and Venezuela lagged somewhat behind, together comprising a further X%.

Venezuela, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, surging by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Ecuador ($X per unit) and Peru ($X per unit), while Colombia ($X per unit) and Venezuela ($X per unit) were 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.

Accumulator Imports

Imports in MERCOSUR

Accumulator imports reduced modestly to X units in 2022, waning by X% compared with the year before. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, accumulator imports expanded remarkably to $X in 2022. Total imports indicated a moderate 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Brazil (X units) represented the key importer of electric accumulators, making up X% of total imports. Argentina (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Colombia (X%) and Chile (X%). The following importers - Peru (X units) and Ecuador (X units) - together made up X% of total imports.

Imports into Brazil decreased at an average annual rate of X% from 2012 to 2022. At the same time, Ecuador (X%), Colombia (X%), Peru (X%) and Chile (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Argentina (X%) illustrated a downward trend over the same period. Colombia (X p.p.), Chile (X p.p.), Peru (X p.p.) and Ecuador (X p.p.) significantly strengthened its position in terms of the total imports, while Argentina and Brazil saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Brazil ($X) constitutes the largest market for imported electric accumulators in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Chile ($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 Brazil stood at 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

In 2022, the import price in MERCOSUR amounted to $X per unit, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Chile ($X per unit), while Brazil ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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