MERCOSUR: Starter Battery Market 2024

Starter Battery Market Size in MERCOSUR

The MERCOSUR starter battery market reached $X in 2022, standing approx. at the previous year. Overall, consumption recorded a mild reduction. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Starter Battery Production in MERCOSUR

In value terms, starter battery production expanded to $X in 2022 estimated in export price. Overall, production, however, saw a slight curtailment. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Starter Battery Exports

Exports in MERCOSUR

After two years of growth, shipments abroad of lead-acid accumulators for starting piston engines decreased by X% to X units in 2022. Total exports indicated a tangible 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 2019 indices. The pace of growth appeared the most rapid 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 in the following year.

In value terms, starter battery exports reached $X in 2022. Total exports indicated a notable 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 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Colombia was the key exporting country with an export of around X units, which reached X% of total exports. Brazil (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Peru (X%) and Ecuador (X%). Venezuela (X units) followed a long way behind the leaders.

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) were the countries with the highest levels of exports in 2022, together comprising X% of total exports. Ecuador and Venezuela lagged somewhat behind, together comprising a further X%.

Venezuela, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of 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, jumping by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Ecuador ($X per unit) and Brazil ($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 Peru (X%), while the other leaders experienced more modest paces of growth.

Starter Battery Imports

Imports in MERCOSUR

In 2022, after three years of growth, there was significant decline in overseas purchases of lead-acid accumulators for starting piston engines, when their volume decreased by X% to X units. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. As a result, imports attained the peak of X units, and then reduced dramatically in the following year.

In value terms, starter battery imports reduced to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

In 2022, Colombia (X units), distantly followed by Chile (X units), Argentina (X units), Peru (X units), Brazil (X units), Venezuela (X units) and Paraguay (X units) were the main importers of lead-acid accumulators for starting piston engines, together mixing up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Colombia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest starter battery importing markets in MERCOSUR were Chile ($X), Argentina ($X) and Colombia ($X), with a combined X% share of total imports.

Among the main importing countries, Colombia, with a CAGR of X%, saw the highest growth rate of 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

The import price in MERCOSUR stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat 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 ($X per unit), while Colombia ($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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