Report Update Nov 1, 2024

Colombia - Lithium-Ion Accumulators - Market Analysis, Forecast, Size, Trends and Insights

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Colombia: Lithium-Ion Accumulator Market 2024

Lithium-Ion Accumulator Market Size in Colombia

In 2021, the Colombian lithium-ion accumulator market decreased by -0.3% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, consumption, however, posted resilient growth. Lithium-ion accumulator consumption peaked at $X in 2020, and then fell in the following year.

Lithium-Ion Accumulator Exports

Exports from Colombia

In 2021, shipments abroad of lithium-ion accumulators decreased by -35.3% to X units, falling for the third year in a row after two years of growth. In general, exports, however, saw a significant expansion. The growth pace was the most rapid in 2014 when exports increased by 674%. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, lithium-ion accumulator exports shrank notably to $X in 2021. Overall, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 1,034%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Costa Rica (X units), Mexico (X units) and Peru (X units) were the main destinations of lithium-ion accumulator exports from Colombia, together accounting for 48% of total exports. These countries were followed by Guatemala, Nicaragua, Ecuador, the United States, Belgium and Germany, which together accounted for a further 41%.

From 2012 to 2021, the biggest increases were recorded for Guatemala (with a CAGR of +119.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X) emerged as the key foreign market for lithium-ion accumulators exports from Colombia, comprising 31% of total exports. The second position in the ranking was taken by Costa Rica ($X), with a 9.5% share of total exports. It was followed by Nicaragua, with a 7.6% share.

From 2012 to 2021, the average annual growth rate of value to Peru amounted to +94.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Costa Rica (+83.1% per year) and Nicaragua (+164.0% per year).

Export Prices by Country

The average lithium-ion accumulator export price stood at $X per unit in 2021, rising by 26% against the previous year. In general, the export price posted a perceptible increase. The most prominent rate of growth was recorded in 2019 an increase of 106%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Belgium ($X per unit), while the average price for exports to Ecuador ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+34.7%), while the prices for the other major destinations experienced more modest paces of growth.

Lithium-Ion Accumulator Imports

Imports into Colombia

In 2021, overseas purchases of lithium-ion accumulators decreased by -30.6% to X units for the first time since 2018, thus ending a two-year rising trend. In general, imports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 145% against the previous year. Over the period under review, imports attained the peak figure at X units in 2020, and then declined remarkably in the following year.

In value terms, lithium-ion accumulator imports soared to $X in 2021. Overall, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2019 when imports increased by 114% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, China (X units) was the main lithium-ion accumulator supplier to Colombia, with a approx. 94% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +16.1%.

In value terms, China ($X) constituted the largest supplier of lithium-ion accumulators to Colombia.

From 2012 to 2021, the average annual growth rate of value from China amounted to +25.5%.

Import Prices by Country

In 2021, the average lithium-ion accumulator import price amounted to $X per unit, increasing by 113% against the previous year. In general, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +8.1% per year.

Source: IndexBox Platform

This report provides an in-depth analysis of the lithium-ion accumulator market in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 27202350 -

Country coverage:

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023