MERCOSUR: Market for Primary Cells And Primary Batteries 2024

Market Size for Primary Cells And Primary Batteries in MERCOSUR

The MERCOSUR market for primary cells and primary batteries expanded to $X in 2022, with an increase of 3% against the previous year. The total consumption indicated pronounced growth from 2012 to 2022: its value 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, consumption decreased by -0.5% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Primary Cells And Primary Batteries in MERCOSUR

In value terms, primary cells and primary batteries production rose significantly to $X in 2022 estimated in export price. Over the period under review, production posted a strong expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by 66% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Primary Cells And Primary Batteries

Exports in MERCOSUR

In 2022, the amount of primary cells and primary batteries exported in MERCOSUR shrank sharply to X units, reducing by -23.8% against the previous year. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 82% against the previous year. As a result, the exports attained the peak of X units, and then dropped rapidly in the following year.

In value terms, primary cells and primary batteries exports soared to $X in 2022. In general, exports, however, posted moderate growth. The pace of growth appeared the most rapid in 2021 with an increase of 75%. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

Brazil represented the major exporter of primary cells and primary batteries in MERCOSUR, with the volume of exports finishing at X units, which was near 79% of total exports in 2022. Chile (X units) held a 12% share (based on physical terms) of total exports, which put it in second place, followed by Peru (9%).

From 2012 to 2022, average annual rates of growth with regard to primary cells and primary batteries exports from Brazil stood at +2.9%. At the same time, Chile (+33.4%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +33.4% from 2012-2022. By contrast, Peru (-11.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Brazil and Chile increased by +19 and +11 percentage points, respectively.

In value terms, Brazil ($X), Chile ($X) and Peru ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 98% of total exports.

Chile, with a CAGR of +13.0%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per unit, rising by 76% against the previous year. Over the period under review, the export price continues to indicate a notable increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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 Peru (+11.2%), while the other leaders experienced mixed trends in the export price figures.

Imports of Primary Cells And Primary Batteries

Imports in MERCOSUR

After two years of growth, purchases abroad of primary cells and primary batteries decreased by -9.7% to X units in 2022. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 22%. As a result, imports reached the peak of X units, and then contracted in the following year.

In value terms, primary cells and primary batteries imports reached $X in 2022. Over the period under review, imports showed a slight reduction. The growth pace was the most rapid in 2021 when imports increased by 34% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Brazil was the major importer of primary cells and primary batteries in MERCOSUR, with the volume of imports resulting at X units, which was approx. 37% of total imports in 2022. Argentina (X units) ranks second in terms of the total imports with a 21% share, followed by Peru (13%), Colombia (11%) and Chile (9.3%). The following importers - Ecuador (X units), Venezuela (X units) and Paraguay (X units) - together made up 7.4% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Peru (with a CAGR of +6.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Brazil ($X), Argentina ($X) and Chile ($X) were the countries with the highest levels of imports in 2022, together comprising 68% of total imports. Colombia, Peru, Ecuador, Paraguay and Venezuela lagged somewhat behind, together accounting for a further 27%.

In terms of the main importing countries, Peru, with a CAGR of +5.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2022, increasing by 14% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 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 Paraguay ($X per unit), while Peru ($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 (+2.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform