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

Market Size for Lead-Acid Accumulators (Excluding Starter Batteries) in Paraguay

In 2022, the Paraguayan market for lead-acid accumulators (excluding starter batteries) was finally on the rise to reach $X after two years of decline. Over the period under review, the total consumption indicated modest growth from 2012 to 2022: its value increased at an average annual rate of +1.7% 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 -7.4% against 2019 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Exports of Lead-Acid Accumulators (Excluding Starter Batteries)

Exports from Paraguay

For the sixth consecutive year, Paraguay recorded growth in shipments abroad of lead-acid accumulators (excluding starter batteries), which increased by 2,363% to X units in 2022. In general, exports enjoyed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, lead-acid accumulators (excluding starter batteries) exports skyrocketed to $X in 2022. Over the period under review, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Chile (X units) was the main destination for lead-acid accumulators (excluding starter batteries) exports from Paraguay, with a approx. 100% share of total exports.

From 2015 to 2022, the average annual rate of growth in terms of volume to Chile was relatively modest.

In value terms, Chile ($X) emerged as the key foreign market for lead-acid accumulators (excluding starter batteries) exports from Paraguay.

From 2015 to 2022, the average annual rate of growth in terms of value to Chile was relatively modest.

Export Prices by Country

The average export price for lead-acid accumulators (excluding starter batteries) stood at $X per unit in 2022, surging by 40% against the previous year. In general, the export price showed a slight expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Chile.

From 2015 to 2022, the rate of growth in terms of prices for Chile amounted to 0.0% per year.

Imports of Lead-Acid Accumulators (Excluding Starter Batteries)

Imports into Paraguay

In 2022, after two years of decline, there was significant growth in purchases abroad of lead-acid accumulators (excluding starter batteries), when their volume increased by 57% to X units. Overall, total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 60%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, lead-acid accumulators (excluding starter batteries) imports soared to $X in 2022. Over the period under review, total imports indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -10.7% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of 44% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest lead-acid accumulators (excluding starter batteries) supplier to Paraguay, with a 38% share of total imports. Moreover, lead-acid accumulators (excluding starter batteries) imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), twofold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+17.8% per year) and Taiwan (Chinese) (+2.5% per year).

In value terms, China ($X) constituted the largest supplier of lead-acid accumulators (excluding starter batteries) to Paraguay, comprising 38% of total imports. The second position in the ranking was taken by Brazil ($X), with a 17% share of total imports. It was followed by Taiwan (Chinese), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+17.0% per year) and Taiwan (Chinese) (+0.6% per year).

Import Prices by Country

In 2022, the average import price for lead-acid accumulators (excluding starter batteries) amounted to $X per unit, waning by -16.1% against the previous year. Overall, the import price saw a mild contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 34% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Taiwan (Chinese) ($X per unit) and Vietnam ($X per unit), while the price for Indonesia ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform