Costa Rica: Market for Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators 2025

Market Size for Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators in Costa Rica

The Costa Rican nickel and lithium accumulators market was estimated at $X in 2022, surging by 8.4% against the previous year. Overall, consumption continues to indicate a resilient expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators in Costa Rica

In value terms, nickel and lithium accumulators production reached $X in 2022 estimated in export price. Overall, production recorded a prominent increase. The growth pace was the most rapid in 2020 when the production volume increased by 34%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators

Exports from Costa Rica

In 2022, shipments abroad of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators decreased by -27.6% to X units, falling for the third consecutive year after three years of growth. In general, exports, however, showed a measured increase. The most prominent rate of growth was recorded in 2019 with an increase of 160% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, nickel and lithium accumulators exports contracted dramatically to $X in 2022. Overall, exports showed a slight decrease. The pace of growth was the most pronounced in 2017 with an increase of 145%. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Australia (X units), Poland (X units) and Colombia (X units) were the main destinations of nickel and lithium accumulators exports from Costa Rica, together accounting for 41% of total exports. The UK, Ireland, Taiwan (Chinese), Mexico, Chile, the United States and Germany lagged somewhat behind, together accounting for a further 43%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mexico (with a CAGR of +106.9%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Colombia ($X) and the United States ($X) constituted the largest markets for nickel and lithium accumulators exported from Costa Rica worldwide, together accounting for 41% of total exports. Ireland, Taiwan (Chinese), Australia, the UK, Chile, Mexico and Poland lagged somewhat behind, together accounting for a further 34%.

The UK, with a CAGR of +82.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average nickel and lithium accumulators export price amounted to $X per unit, which is down by -40% against the previous year. Overall, the export price saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 50%. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Poland ($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 Colombia (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators

Imports into Costa Rica

For the third year in a row, Costa Rica recorded growth in purchases abroad of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators, which increased by 66% to X units in 2022. Overall, imports posted a prominent increase. The growth pace was the most rapid in 2020 when imports increased by 89%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, nickel and lithium accumulators imports soared to $X in 2022. Over the period under review, imports enjoyed a buoyant expansion. The growth pace was the most rapid in 2015 when imports increased by 128% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of nickel and lithium accumulators to Costa Rica, accounting for a 69% share of total imports. Moreover, nickel and lithium accumulators imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. The third position in this ranking was taken by Hong Kong SAR (X units), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +18.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+5.7% per year) and Hong Kong SAR (+28.6% per year).

In value terms, the United States ($X), China ($X) and Germany ($X) appeared to be the largest nickel and lithium accumulators suppliers to Costa Rica, together accounting for 84% of total imports.

Among the main suppliers, China, with a CAGR of +19.4%, recorded the highest rates of growth with regard to 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 average nickel and lithium accumulators import price stood at $X per unit in 2022, shrinking by -9.7% against the previous year. Over the period under review, the import price saw a pronounced setback. The growth pace was the most rapid in 2015 an increase of 53%. The import price peaked at $X per unit in 2019; however, from 2020 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 Germany ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform