Latin America and the Caribbean: Market for Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators 2024

Market Size for Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators in Latin America and the Caribbean

In 2022, the Latin American nickel and lithium accumulators market increased by 5.8% to $X, rising for the seventh consecutive year after two years of decline. The total consumption indicated a tangible expansion from 2012 to 2022: its value 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, consumption increased by +101.6% against 2015 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Nickel-Cadmium, Nickel Metal Hydride, Lithium-Ion, Lithium Polymer And Nickel-Iron Accumulators in Latin America and the Caribbean

In value terms, nickel and lithium accumulators production amounted to $X in 2022 estimated in export price. The total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.1% against 2018 indices. The pace of growth was the most pronounced in 2017 with an increase of 37% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

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

Exports in Latin America and the Caribbean

In 2022, nickel and lithium accumulators exports in Latin America and the Caribbean soared to X units, with an increase of 32% compared with the year before. Overall, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 34% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, nickel and lithium accumulators exports skyrocketed to $X in 2022. Over the period under review, exports posted prominent growth. The pace of growth appeared the most rapid in 2020 when exports increased by 36% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

Mexico prevails in exports structure, reaching X units, which was near 96% of total exports in 2022. Brazil (X units) followed a long way behind the leaders.

Mexico was also the fastest-growing in terms of the nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators exports, with a CAGR of +20.9% from 2012 to 2022. Brazil (-16.9%) illustrated a downward trend over the same period. While the share of Mexico (+55 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Brazil (-51.7 p.p.) displayed negative dynamics.

In value terms, Mexico ($X) remains the largest nickel and lithium accumulators supplier in Latin America and the Caribbean, comprising 98% of total exports. The second position in the ranking was taken by Brazil ($X), with a 0.7% share of total exports.

In Mexico, nickel and lithium accumulators exports expanded at an average annual rate of +13.5% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, dropping by -8.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.6%. The most prominent rate of growth was recorded in 2013 when the export price increased by 17% against the previous year. The level of export peaked at $X per unit in 2021, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+15.3%).

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

Imports in Latin America and the Caribbean

In 2022, supplies from abroad of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators increased by 6.3% to X units, rising for the sixth consecutive year after two years of decline. Total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +3.6% 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 +78.6% against 2016 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, nickel and lithium accumulators imports surged to $X in 2022. Overall, imports saw a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 72%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Mexico (X units) and Brazil (X units) prevails in imports structure, together constituting 82% of total imports. It was distantly followed by Argentina (X units), achieving a 5.4% share of total imports. Peru (X units), Colombia (X units), Chile (X units) and Ecuador (X units) held a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Ecuador (with a CAGR of +22.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators in Latin America and the Caribbean, comprising 72% of total imports. The second position in the ranking was taken by Brazil ($X), with a 17% share of total imports. It was followed by Argentina, with a 2.4% share.

From 2012 to 2022, the average annual growth rate of value in Mexico stood at +20.1%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (+6.7% per year) and Argentina (-1.3% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, surging by 33% against the previous year. In general, the import price showed a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Mexico ($X per unit), while Ecuador ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+10.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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