Paraguay: 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 Paraguay

The Paraguayan nickel and lithium accumulators market expanded significantly to $X in 2022, with an increase of 9.4% against the previous year. In general, consumption saw a buoyant expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

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

In value terms, nickel and lithium accumulators production expanded rapidly to $X in 2022 estimated in export price. In general, production posted a prominent expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by 64%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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

Exports from Paraguay

Nickel and lithium accumulators exports from Paraguay soared to X units in 2022, jumping by 486% on 2021. In general, exports, however, continue to indicate a deep slump. The pace of growth was the most pronounced in 2013 when exports increased by 5,477%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained 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 deep reduction. The pace of growth appeared the most rapid in 2013 when exports increased by 4,441%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Chile (X units) was the main destination for nickel and lithium accumulators exports from Paraguay, accounting for a 73% share of total exports. Moreover, nickel and lithium accumulators exports to Chile exceeded the volume sent to the second major destination, Brazil (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Chile stood at +31.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-26.3% per year) and the United States (-10.4% per year).

In value terms, Chile ($X) emerged as the key foreign market for nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators exports from Paraguay, comprising 80% of total exports. The second position in the ranking was held by Brazil ($X), with a 19% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Chile amounted to +42.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-26.8% per year) and the United States (-24.4% per year).

Export Prices by Country

The average nickel and lithium accumulators export price stood at $X per unit in 2022, with an increase of 43% against the previous year. In general, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +4.8% 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 export price increased by +71.2% against 2017 indices. The growth pace was the most rapid in 2015 an increase of 46% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+8.6%), while the prices for the other major destinations experienced a decline.

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

Imports into Paraguay

In 2022, approx. X units of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators were imported into Paraguay; growing by 53% against 2021. In general, imports showed a strong increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, nickel and lithium accumulators imports soared to $X in 2022. Over the period under review, total imports indicated a temperate expansion from 2012 to 2022: its value 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. Based on 2022 figures, imports increased by +102.4% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 46%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest nickel and lithium accumulators supplier to Paraguay, accounting for a 77% share of total imports. Moreover, nickel and lithium accumulators imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), fivefold.

From 2012 to 2022, the average annual growth rate of volume from China stood at +5.3%.

In value terms, China ($X) constituted the largest supplier of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators to Paraguay, comprising 87% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 3.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled +3.9%.

Import Prices by Country

The average nickel and lithium accumulators import price stood at $X per unit in 2022, shrinking by -9.4% against the previous year. In general, the import price continues to indicate a pronounced slump. The pace of growth appeared the most rapid in 2016 an increase of 27%. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Hong Kong SAR totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.3%).

Source: IndexBox Platform