Costa Rica: Market for Primary Cells And Primary Batteries 2024

Market Size for Primary Cells And Primary Batteries in Costa Rica

The Costa Rican market for primary cells and primary batteries soared to $X in 2022, increasing by X% against the previous year. Over the period under review, consumption showed a modest expansion. 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 Primary Batteries in Costa Rica

In value terms, primary cells and primary batteries production rose significantly to $X in 2022 estimated in export price. Over the period under review, production enjoyed prominent growth. The growth pace was the most rapid in 2019 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Primary Cells And Primary Batteries

Exports from Costa Rica

In 2022, overseas shipments of primary cells and primary batteries decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, saw resilient growth. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports reached the peak of X units, and then reduced notably in the following year.

In value terms, primary cells and primary batteries exports shrank markedly to $X in 2022. Over the period under review, exports, however, showed a prominent increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The exports peaked at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

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

Peru, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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 export price for primary cells and primary batteries amounted to $X per unit, flattening at the previous year. Overall, the export price saw a noticeable contraction. The most prominent rate of growth was recorded in 2019 an increase of X%. 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 external 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 Primary Batteries

Imports into Costa Rica

In 2022, the amount of primary cells and primary batteries imported into Costa Rica soared to X units, jumping by X% against 2021 figures. Over the period under review, imports saw a prominent increase. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, primary cells and primary batteries imports expanded markedly to $X in 2022. In general, total imports indicated a remarkable 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 most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, imports attained 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 supplier of primary cells and primary batteries to Costa Rica, accounting for a X% share of total imports. Moreover, primary cells and primary batteries 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 stood at 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) were the largest primary cells and primary batteries suppliers to Costa Rica, with a combined X% share of total imports.

Belgium, with a CAGR of X%, 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 import price for primary cells and primary batteries stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, 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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