MERCOSUR: 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 MERCOSUR

For the fifth consecutive year, the MERCOSUR nickel and lithium accumulators market recorded growth in sales value, which increased by 15% to $X in 2022. Over the period under review, consumption, however, continues to indicate a strong increase. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

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

In value terms, nickel and lithium accumulators production reached $X in 2022 estimated in export price. Over the period under review, production continues to indicate a strong increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by 64% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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

Exports in MERCOSUR

In 2022, approx. X units of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators were exported in MERCOSUR; picking up by 29% against 2021. Overall, exports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 83% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, nickel and lithium accumulators exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a slight descent. The most prominent rate of growth was recorded in 2018 with an increase of 38%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

Brazil dominates exports structure, accounting for X units, which was near 87% of total exports in 2022. It was distantly followed by Chile (X units), mixing up a 7.6% share of total exports. Colombia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to nickel and lithium accumulators exports from Brazil stood at -16.9%. At the same time, Colombia (+8.6%) displayed positive paces of growth. Moreover, Colombia emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +8.6% from 2012-2022. By contrast, Chile (-2.1%) illustrated a downward trend over the same period. While the share of Chile (+5.9 p.p.) and Colombia (+2.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Brazil (-9.1 p.p.) displayed negative dynamics.

In value terms, Brazil ($X) remains the largest nickel and lithium accumulators supplier in MERCOSUR, comprising 64% of total exports. The second position in the ranking was held by Chile ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Brazil amounted to -4.1%. In the other countries, the average annual rates were as follows: Chile (+12.0% per year) and Colombia (+16.3% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, waning by -8.1% against the previous year. In general, the export price, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 when the export price increased by 135%. Over the period under review, the export prices attained the maximum at $X per unit in 2019; however, from 2020 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 Chile ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (+15.3%), while the other leaders experienced more modest paces of growth.

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

Imports in MERCOSUR

In 2022, the amount of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators imported in MERCOSUR contracted slightly to X units, shrinking by -2.8% on 2021. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 17% against the previous year. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, nickel and lithium accumulators imports soared to $X in 2022. In general, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 37%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Imports by Country

Brazil represented the main importing country with an import of around X units, which finished at 71% of total imports. Argentina (X units) took the second position in the ranking, followed by Peru (X units) and Colombia (X units). All these countries together took near 21% share of total imports. Chile (X units) and Ecuador (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to nickel and lithium accumulators imports into Brazil stood at -1.1%. At the same time, Ecuador (+22.7%), Peru (+17.8%), Colombia (+9.0%) and Chile (+8.7%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +22.7% from 2012-2022. By contrast, Argentina (-5.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Peru, Colombia, Ecuador and Chile increased by +4.5, +3.2, +2.5 and +2.2 percentage points, respectively.

In value terms, Brazil ($X) constitutes the largest market for imported nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators in MERCOSUR, comprising 66% of total imports. The second position in the ranking was held by Argentina ($X), with a 9.5% share of total imports. It was followed by Chile, with an 8.4% share.

In Brazil, nickel and lithium accumulators imports expanded at an average annual rate of +6.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (-1.3% per year) and Chile (+19.8% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2022, increasing by 29% against the previous year. Import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, nickel and lithium accumulators import price increased by +101.8% against 2015 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per unit), while Ecuador ($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