Argentina: Market for Primary Cells and Batteries 2024

Market Size for Primary Cells and Batteries in Argentina

The Argentinian primary cell and battery market skyrocketed to $X in 2022, picking up by 41% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a mild contraction. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Exports of Primary Cells and Batteries

Exports from Argentina

In 2022, after four years of decline, there was significant growth in shipments abroad of primary cells and batteries, when their volume increased by 49% to X units. Over the period under review, exports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2017 with an increase of 1,265% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, primary cell and battery exports contracted rapidly to $X in 2022. Overall, exports, however, showed a abrupt curtailment. The pace of growth was the most pronounced in 2017 with an increase of 158%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Paraguay (X units) was the main destination for primary cell and battery exports from Argentina, accounting for a 82% share of total exports. Moreover, primary cell and battery exports to Paraguay exceeded the volume sent to the second major destination, Venezuela (X units), tenfold. The third position in this ranking was held by Chile (X units), with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume to Paraguay stood at +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-29.7% per year) and Chile (-27.7% per year).

In value terms, Paraguay ($X) remains the key foreign market for primary cells and batteries exports from Argentina, comprising 27% of total exports. The second position in the ranking was held by the United States ($X), with an 11% share of total exports. It was followed by Venezuela, with a 1.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Paraguay totaled +12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-13.9% per year) and Venezuela (-35.9% per year).

Export Prices by Country

The average primary cell and battery export price stood at $X per unit in 2022, dropping by -48.8% against the previous year. Over the period under review, the export price, however, recorded a strong expansion. The growth pace was the most rapid in 2021 when the average export price increased by 360% against the previous year. As a result, the export price reached the peak level of $X per unit, and then dropped rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Venezuela ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Paraguay (+6.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Primary Cells and Batteries

Imports into Argentina

In 2022, the amount of primary cells and batteries imported into Argentina surged to X units, picking up by 35% against the year before. In general, imports continue to indicate a relatively flat trend pattern. Imports peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, primary cell and battery imports skyrocketed to $X in 2022. Overall, imports, however, continue to indicate a mild downturn. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Singapore (X units) and Brazil (X units) were the main suppliers of primary cell and battery imports to Argentina, together comprising 84% of total imports. Indonesia, the United States, Belgium and Japan lagged somewhat behind, together accounting for a further 10%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +16.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Singapore ($X) and the United States ($X) appeared to be the largest primary cell and battery suppliers to Argentina, together comprising 73% of total imports. Brazil, Indonesia, Japan and Belgium lagged somewhat behind, together comprising a further 11%.

Belgium, with a CAGR of +11.5%, 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 mixed trend patterns.

Import Prices by Country

The average primary cell and battery import price stood at $X per unit in 2022, picking up by 5.7% against the previous year. Overall, the import price, however, saw a slight decrease. The pace of growth was the most pronounced in 2013 an increase of 16%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, 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 the United States ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform