Brazil: Market for Lead-Acid Accumulators (Excluding Starter Batteries) 2024

Market Size for Lead-Acid Accumulators (Excluding Starter Batteries) in Brazil

In 2022, the Brazilian market for lead-acid accumulators (excluding starter batteries) increased by 14% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Lead-acid accumulators (excluding starter batteries) consumption peaked in 2022 and is likely to see gradual growth in years to come.

Exports of Lead-Acid Accumulators (Excluding Starter Batteries)

Exports from Brazil

After two years of decline, overseas shipments of lead-acid accumulators (excluding starter batteries) increased by 6.5% to X units in 2022. Over the period under review, exports, however, recorded a pronounced reduction. The pace of growth appeared the most rapid in 2017 when exports increased by 66% against the previous year. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, lead-acid accumulators (excluding starter batteries) exports reduced to $X in 2022. Overall, total exports indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.3% 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 +42.5% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 57% against the previous year. As a result, the exports attained the peak of $X, and then dropped in the following year.

Exports by Country

South Africa (X units), Argentina (X units) and France (X units) were the main destinations of lead-acid accumulators (excluding starter batteries) exports from Brazil, with a combined 77% share of total exports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +118.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X) remains the key foreign market for lead-acid accumulators (excluding starter batteries) exports from Brazil, comprising 39% of total exports. The second position in the ranking was held by South Africa ($X), with a 19% share of total exports. It was followed by Argentina, with an 18% share.

From 2012 to 2022, the average annual growth rate of value to France amounted to +85.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (-0.1% per year) and Argentina (-2.0% per year).

Export Prices by Country

The average export price for lead-acid accumulators (excluding starter batteries) stood at $X per unit in 2022, falling by -15% against the previous year. Overall, the export price, however, showed a moderate expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 155%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to South Africa ($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 South Africa (+3.5%), while the prices for the other major destinations experienced a decline.

Imports of Lead-Acid Accumulators (Excluding Starter Batteries)

Imports into Brazil

In 2022, purchases abroad of lead-acid accumulators (excluding starter batteries) increased by 16% to X units, rising for the second year in a row after three years of decline. In general, total imports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +2.7% 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 +74.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 50% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, lead-acid accumulators (excluding starter batteries) imports rose remarkably to $X in 2022. The total import value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 21% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest lead-acid accumulators (excluding starter batteries) supplier to Brazil, with a 85% share of total imports. Moreover, lead-acid accumulators (excluding starter batteries) imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), more than tenfold. Hong Kong SAR (X units) ranked third in terms of total imports with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+61.1% per year) and Hong Kong SAR (+8.0% per year).

In value terms, China ($X) constituted the largest supplier of lead-acid accumulators (excluding starter batteries) to Brazil, comprising 53% of total imports. The second position in the ranking was held by Vietnam ($X), with a 9.4% share of total imports. It was followed by the United States, with an 8.7% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +1.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (-1.0% per year) and the United States (-3.7% per year).

Import Prices by Country

In 2022, the average import price for lead-acid accumulators (excluding starter batteries) amounted to $X per unit, with a decrease of -2.8% against the previous year. Overall, the import price recorded a mild slump. The growth pace was the most rapid in 2018 when the average import price increased by 19% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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