MERCOSUR: Market for Lead-Acid Accumulators (Excluding Starter Batteries) 2024

Exports of Lead-Acid Accumulators (Excluding Starter Batteries)

Exports in MERCOSUR

In 2022, after two years of decline, there was significant growth in shipments abroad of lead-acid accumulators (excluding starter batteries), when their volume increased by 5.5% to X units. Total exports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -29.6% against 2019 indices. The pace of growth appeared the most rapid in 2018 with an increase of 63% against the previous year. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, lead-acid accumulators (excluding starter batteries) exports reduced modestly to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 47% against the previous year. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Brazil (X units) was the main exporter of lead-acid accumulators (excluding starter batteries), achieving 44% of total exports. Peru (X units) ranks second in terms of the total exports with a 27% share, followed by Ecuador (24%).

From 2012 to 2022, the biggest increases were recorded for Peru (with a CAGR of +69.3%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Brazil ($X) remains the largest lead-acid accumulators (excluding starter batteries) supplier in MERCOSUR, comprising 60% of total exports. The second position in the ranking was taken by Ecuador ($X), with a 16% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil stood at +1.3%. In the other countries, the average annual rates were as follows: Ecuador (+3.5% per year) and Peru (+46.6% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per unit, declining by -9.9% against the previous year. Over the period under review, the export price recorded a mild decrease. The most prominent rate of growth was recorded in 2021 an increase of 24%. As a result, the export price attained the peak level of $X per unit, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Peru ($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 (+3.5%), while the other leaders experienced a decline in the export price figures.

Imports of Lead-Acid Accumulators (Excluding Starter Batteries)

Imports in MERCOSUR

In 2022, purchases abroad of lead-acid accumulators (excluding starter batteries) increased by 14% to X units, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 43% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, lead-acid accumulators (excluding starter batteries) imports rose remarkably to $X in 2022. The total import value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

Brazil represented the largest importing country with an import of about X units, which amounted to 55% of total imports. Argentina (X units) took the second position in the ranking, followed by Colombia (X units), Chile (X units) and Peru (X units). All these countries together held approx. 40% share of total imports. Ecuador (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to lead-acid accumulators (excluding starter batteries) imports into Brazil stood at +2.7%. At the same time, Peru (+11.4%), Argentina (+7.0%), Chile (+5.3%) and Ecuador (+1.7%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +11.4% from 2012-2022. By contrast, Colombia (-1.7%) illustrated a downward trend over the same period. Argentina (+5.7 p.p.), Peru (+3.9 p.p.), Brazil (+2.4 p.p.) and Chile (+2.3 p.p.) significantly strengthened its position in terms of the total imports, while Colombia saw its share reduced by -4.4% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported lead-acid accumulators (excluding starter batteries) in MERCOSUR, comprising 39% of total imports. The second position in the ranking was held by Colombia ($X), with a 16% share of total imports. It was followed by Argentina, with a 15% share.

From 2012 to 2022, the average annual growth rate of value in Brazil stood at +1.4%. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (+5.6% per year) and Argentina (+3.8% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per unit, waning by -4.5% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the import price increased by 21% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices failed to regain momentum.

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 Colombia ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Colombia (+7.3%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform