Ecuador: Market for Primary Cells And Primary Batteries 2025

Market Size for Primary Cells And Primary Batteries in Ecuador

In 2022, after three years of growth, there was decline in the Ecuadorian market for primary cells and primary batteries, when its value decreased by -3.3% to $X. Over the period under review, consumption showed a relatively flat trend pattern. Primary cells and primary batteries consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Exports of Primary Cells And Primary Batteries

Exports from Ecuador

In 2022, exports of primary cells and primary batteries from Ecuador declined sharply to X units, waning by -43.1% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 583% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, primary cells and primary batteries exports fell sharply to $X in 2022. Overall, exports saw a pronounced shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 534% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Argentina (X units) was the main destination for primary cells and primary batteries exports from Ecuador, with a 3.4% share of total exports. Moreover, primary cells and primary batteries exports to Argentina exceeded the volume sent to the second major destination, Venezuela (X units), threefold. Brazil (X units) ranked third in terms of total exports with a 1.1% share.

From 2012 to 2022, the average annual growth rate of volume to Argentina totaled -7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Venezuela (-21.2% per year) and Brazil (+2.0% per year).

In value terms, Argentina ($X), Colombia ($X) and Venezuela ($X) appeared to be the largest markets for primary cells and primary batteries exported from Ecuador worldwide, with a combined 61% share of total exports. Brazil, Mexico, Peru, the United States and Canada lagged somewhat behind, together accounting for a further 30%.

The United States, with a CAGR of +21.3%, saw 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

The average export price for primary cells and primary batteries stood at $X per unit in 2022, increasing by 25% against the previous year. Overall, the export price, however, saw a pronounced slump. The pace of growth appeared the most rapid in 2019 when the average export price increased by 931% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average 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 Colombia ($X per unit), while the average price for exports to Canada ($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 (+27.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Primary Cells And Primary Batteries

Imports into Ecuador

In 2022, after three years of growth, there was decline in overseas purchases of primary cells and primary batteries, when their volume decreased by -4.1% to X units. Overall, imports, however, showed measured growth. The pace of growth was the most pronounced in 2020 when imports increased by 75%. Over the period under review, imports attained the maximum at X units in 2021, and then shrank slightly in the following year.

In value terms, primary cells and primary batteries imports reduced slightly to $X in 2022. Over the period under review, imports saw a perceptible decline. The most prominent rate of growth was recorded in 2017 with an increase of 40% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Indonesia (X units) and Singapore (X units) were the main suppliers of primary cells and primary batteries imports to Ecuador, with a combined 85% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +21.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest primary cells and primary batteries suppliers to Ecuador were China ($X), Singapore ($X) and Indonesia ($X), with a combined 69% share of total imports.

In terms of the main suppliers, China, with a CAGR of +11.9%, 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

In 2022, the average import price for primary cells and primary batteries amounted to $X per unit, rising by 1.7% against the previous year. Overall, the import price, however, continues to indicate a deep reduction. The pace of growth was the most pronounced in 2015 when the average import price increased by 29%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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 ($X per unit), while the price for Costa Rica ($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 (+4.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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