Guatemala: 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 Guatemala

The Guatemalan nickel and lithium accumulators market amounted to $X in 2022, surging by 3.5% against the previous year. In general, consumption recorded strong growth. Nickel and lithium accumulators consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

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

In value terms, nickel and lithium accumulators production expanded to $X in 2022 estimated in export price. Overall, production showed a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 41% against the previous year. Nickel and lithium accumulators production peaked at $X in 2020; afterwards, it flattened through to 2022.

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

Exports from Guatemala

In 2022, shipments abroad of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators increased by 167% to X units, rising for the third consecutive year after four years of decline. In general, exports recorded a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, nickel and lithium accumulators exports soared to $X in 2022. Over the period under review, total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Honduras (X units) was the main destination for nickel and lithium accumulators exports from Guatemala, with a 78% share of total exports. Moreover, nickel and lithium accumulators exports to Honduras exceeded the volume sent to the second major destination, Haiti (X units), sixfold. The third position in this ranking was held by the Dominican Republic (X units), with a 3.8% share.

From 2012 to 2022, the average annual growth rate of volume to Honduras stood at +28.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+38.2% per year) and the Dominican Republic (+3.8% per year).

In value terms, Honduras ($X) remains the key foreign market for nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators exports from Guatemala, comprising 46% of total exports. The second position in the ranking was held by Haiti ($X), with a 17% share of total exports. It was followed by El Salvador, with a 16% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Honduras stood at +20.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Haiti (+43.8% per year) and El Salvador (+10.9% per year).

Export Prices by Country

In 2022, the average nickel and lithium accumulators export price amounted to $X per unit, falling by -27% against the previous year. In general, the export price continues to indicate a slight decline. The pace of growth appeared the most rapid in 2017 an increase of 49% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020; however, from 2021 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 El Salvador ($X per unit), while the average price for exports to Honduras ($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 Mexico (+39.7%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into Guatemala

In 2022, imports of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators into Guatemala surged to X units, growing by 225% compared with the previous year. Overall, imports saw a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, nickel and lithium accumulators imports skyrocketed to $X in 2022. In general, imports posted significant growth. The growth pace was the most rapid in 2017 with an increase of 154%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, China (X units) was the main supplier of nickel and lithium accumulators to Guatemala, accounting for a approx. 98% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled +47.7%.

In value terms, China ($X) constituted the largest supplier of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators to Guatemala.

From 2012 to 2022, the average annual growth rate of value from China totaled +55.2%.

Import Prices by Country

In 2022, the average nickel and lithium accumulators import price amounted to $X per unit, which is down by -50.2% against the previous year. Overall, the import price faced a abrupt setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 109% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +5.0% per year.

Source: IndexBox Platform