Latin America and the Caribbean: Starter Battery Market 2025

Starter Battery Market Size in Latin America and the Caribbean

The Latin American starter battery market was estimated at $X in 2022, with an increase of 2.3% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Starter Battery Production in Latin America and the Caribbean

In value terms, starter battery production reached $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by 19% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Starter Battery Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of lead-acid accumulators for starting piston engines decreased by -3.7% to X units for the first time since 2018, thus ending a three-year rising trend. Total exports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of +2.5% 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 +62.9% against 2016 indices. The most prominent rate of growth was recorded in 2021 with an increase of 25%. As a result, the exports reached the peak of X units, and then dropped slightly in the following year.

In value terms, starter battery exports reached $X in 2022. Total exports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +69.8% against 2015 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 31%. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

In 2022, Mexico (X units) represented the largest exporter of lead-acid accumulators for starting piston engines, committing 77% of total exports. It was distantly followed by Colombia (X units) and Brazil (X units), together making up a 19% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to starter battery exports from Mexico stood at +2.3%. At the same time, Colombia (+4.5%) and Brazil (+1.2%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +4.5% from 2012-2022. Colombia (+2 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest starter battery supplier in Latin America and the Caribbean, comprising 76% of total exports. The second position in the ranking was held by Brazil ($X), with a 10% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico amounted to +6.7%. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (+1.7% per year) and Colombia (+2.7% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, picking up by 3.8% against the previous year. Export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, starter battery export price decreased by -19.7% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the export price increased by 36% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Colombia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+4.2%), while the other leaders experienced mixed trends in the export price figures.

Starter Battery Imports

Imports in Latin America and the Caribbean

In 2022, the amount of lead-acid accumulators for starting piston engines imported in Latin America and the Caribbean declined to X units, shrinking by -12.7% against 2021 figures. Total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +4.6% 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 +63.4% against 2015 indices. The pace of growth appeared the most rapid in 2021 with an increase of 41%. As a result, imports reached the peak of X units, and then shrank in the following year.

In value terms, starter battery imports fell to $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +4.1% 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 +14.7% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 24%. Over the period under review, imports hit record highs at $X in 2021, and then reduced in the following year.

Imports by Country

Mexico represented the largest importer of lead-acid accumulators for starting piston engines in Latin America and the Caribbean, with the volume of imports resulting at X units, which was near 31% of total imports in 2022. Colombia (X units) ranks second in terms of the total imports with a 10% share, followed by Peru (7.1%), Bolivia (7.1%), Chile (6.8%) and Argentina (6.6%). Guatemala (X units), the Dominican Republic (X units), Brazil (X units), Venezuela (X units), Paraguay (X units), Honduras (X units) and Ecuador (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to starter battery imports into Mexico stood at +11.6%. At the same time, Bolivia (+22.1%), Colombia (+9.5%), Peru (+8.7%), Guatemala (+7.0%), Ecuador (+5.2%), the Dominican Republic (+4.3%), Honduras (+3.8%), Paraguay (+3.3%) and Chile (+3.1%) displayed positive paces of growth. Moreover, Bolivia emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +22.1% from 2012-2022. By contrast, Argentina (-2.1%), Venezuela (-2.1%) and Brazil (-13.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico, Bolivia, Colombia and Peru increased by +15, +5.6, +3.7 and +2.2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported lead-acid accumulators for starting piston engines in Latin America and the Caribbean, comprising 27% of total imports. The second position in the ranking was held by Chile ($X), with a 10% share of total imports. It was followed by Argentina, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico totaled +9.3%. The remaining importing countries recorded the following average annual rates of imports growth: Chile (+3.0% per year) and Argentina (-1.9% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, growing by 6.9% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 14%. Over the period under review, import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Guatemala ($X per unit), while Bolivia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+11.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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