Mexico: Starter Battery Market 2025

Starter Battery Market Size in Mexico

The Mexican starter battery market expanded significantly to $X in 2022, growing by 13% against the previous year. In general, consumption, however, showed a mild curtailment. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Starter Battery Production in Mexico

In value terms, starter battery production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.3% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when the production volume increased by 28% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Starter Battery Exports

Exports from Mexico

In 2022, approx. X units of lead-acid accumulators for starting piston engines were exported from Mexico; remaining relatively unchanged against the year before. In general, total exports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of +2.3% 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 +84.6% against 2016 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 25% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, starter battery exports expanded to $X in 2022. Over the period under review, exports enjoyed a remarkable increase. The pace of growth was the most pronounced in 2017 when exports increased by 38%. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for starter battery exports from Mexico, with a 93% share of total exports. It was followed by Guatemala (X units), with a 2.8% share of total exports. The third position in this ranking was taken by Honduras (X units), with a 1.5% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+7.3% per year) and Honduras (+2.0% per year).

In value terms, the United States ($X) remains the key foreign market for lead-acid accumulators for starting piston engines exports from Mexico, comprising 91% of total exports. The second position in the ranking was held by Guatemala ($X), with a 3.5% share of total exports. It was followed by Honduras, with a 1.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+8.9% per year) and Honduras (+3.8% per year).

Export Prices by Country

In 2022, the average starter battery export price amounted to $X per unit, surging by 2.9% against the previous year. Overall, the export price saw a perceptible increase. The pace of growth appeared the most rapid in 2016 an increase of 59% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Honduras ($X per unit) and Costa Rica ($X per unit), while the average price for exports to the United States ($X per unit) and Guatemala ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.

Starter Battery Imports

Imports into Mexico

Starter battery imports into Mexico dropped to X units in 2022, almost unchanged from 2021 figures. Over the period under review, imports, however, continue to indicate a resilient increase. The pace of growth was the most pronounced in 2018 when imports increased by 140%. Over the period under review, imports attained the peak figure at X units in 2021, and then shrank in the following year.

In value terms, starter battery imports stood at $X in 2022. Overall, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 68%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X units), the United States (X units) and Germany (X units) were the main suppliers of starter battery imports to Mexico, with a combined 89% share of total imports. South Korea and Vietnam lagged somewhat behind, together comprising a further 6.4%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +108.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of lead-acid accumulators for starting piston engines to Mexico, comprising 62% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Germany, with a 9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+14.1% per year) and Germany (+26.5% per year).

Import Prices by Country

In 2022, the average starter battery import price amounted to $X per unit, growing by 2.1% against the previous year. In general, the import price, however, saw a perceptible descent. The most prominent rate of growth was recorded in 2015 when the average import price increased by 100% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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