Colombia: Starter Battery Market 2025

Starter Battery Market Size in Colombia

The Colombian starter battery market was estimated at $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Starter Battery Production in Colombia

In value terms, starter battery production stood at $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by 16%. Starter battery production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Starter Battery Exports

Exports from Colombia

In 2022, after three years of growth, there was decline in overseas shipments of lead-acid accumulators for starting piston engines, when their volume decreased by -4.7% to X units. In general, total exports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +4.5% 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 +72.8% against 2013 indices. The pace of growth appeared the most rapid in 2014 with an increase of 22% against the previous year. The exports peaked at X units in 2021, and then contracted slightly in the following year.

In value terms, starter battery exports declined to $X in 2022. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 25%. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

The United States (X units) was the main destination for starter battery exports from Colombia, accounting for a 37% share of total exports. Moreover, starter battery exports to the United States exceeded the volume sent to the second major destination, Peru (X units), threefold. Chile (X units) ranked third in terms of total exports with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled +18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+3.2% per year) and Chile (-1.3% per year).

In value terms, the United States ($X) remains the key foreign market for lead-acid accumulators for starting piston engines exports from Colombia, comprising 31% of total exports. The second position in the ranking was taken by Peru ($X), with a 14% share of total exports. It was followed by Chile, with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +17.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+1.8% per year) and Chile (-2.4% per year).

Export Prices by Country

The average starter battery export price stood at $X per unit in 2022, declining by -5.5% against the previous year. Over the period under review, the export price continues to indicate a mild descent. The pace of growth appeared the most rapid in 2021 when the average export price increased by 13% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to the United States ($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 Canada (+1.7%), while the prices for the other major destinations experienced more modest paces of growth.

Starter Battery Imports

Imports into Colombia

Starter battery imports into Colombia dropped sharply to X units in 2022, shrinking by -15.1% on the year before. Overall, imports, however, continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of 134%. Over the period under review, imports attained the maximum at X units in 2021, and then declined significantly in the following year.

In value terms, starter battery imports shrank to $X in 2022. Over the period under review, total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 +11.4% against 2020 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 42% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then fell in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of starter battery to Colombia, accounting for a 71% share of total imports. Moreover, starter battery imports from China exceeded the figures recorded by the second-largest supplier, Venezuela (X units), more than tenfold. The third position in this ranking was taken by South Korea (X units), with a 5.7% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +12.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Venezuela (+109.3% per year) and South Korea (+11.3% per year).

In value terms, China ($X) constituted the largest supplier of lead-acid accumulators for starting piston engines to Colombia, comprising 32% of total imports. The second position in the ranking was held by Venezuela ($X), with a 15% share of total imports. It was followed by South Korea, with a 15% share.

From 2012 to 2022, the average annual growth rate of value from China totaled +8.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Venezuela (+91.7% per year) and South Korea (+7.2% per year).

Import Prices by Country

The average starter battery import price stood at $X per unit in 2022, with an increase of 6.9% against the previous year. In general, the import price, however, showed a pronounced reduction. The growth pace was the most rapid in 2013 an increase of 32%. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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