Uruguay: Lithium-Ion Accumulator Market 2025

Lithium-Ion Accumulator Market Size in Uruguay

The Uruguayan lithium-ion accumulator market soared to $X in 2021, picking up by 103% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption enjoyed a significant increase. Lithium-ion accumulator consumption peaked in 2021 and is likely to see gradual growth in years to come.

Lithium-Ion Accumulator Exports

Exports from Uruguay

Lithium-ion accumulator exports from Uruguay dropped remarkably to X units in 2021, declining by -42.8% compared with 2020 figures. In general, exports, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of 1,673%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, lithium-ion accumulator exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a significant increase. The growth pace was the most rapid in 2018 with an increase of 2,401%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands (X units) was the main destination for lithium-ion accumulator exports from Uruguay, accounting for a 79% share of total exports. Moreover, lithium-ion accumulator exports to the Netherlands exceeded the volume sent to the second major destination, Slovenia (X units), more than tenfold. The United States (X units) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands stood at -50.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+38.9% per year) and the United States (+6.7% per year).

In value terms, the Netherlands ($X) remains the key foreign market for lithium-ion accumulators exports from Uruguay, comprising 88% of total exports. The second position in the ranking was taken by Germany ($X), with a 6.6% share of total exports. It was followed by Brazil, with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands stood at +46.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+62.5% per year) and Brazil (+9.2% per year).

Export Prices by Country

The average lithium-ion accumulator export price stood at $X per unit in 2021, rising by 174% against the previous year. In general, the export price showed a significant expansion. The most prominent rate of growth was recorded in 2015 when the average export price increased by 207% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($X per unit), while the average price for exports to Argentina ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+198.1%), while the prices for the other major destinations experienced more modest paces of growth.

Lithium-Ion Accumulator Imports

Imports into Uruguay

For the fifth year in a row, Uruguay recorded growth in overseas purchases of lithium-ion accumulators, which increased by 167% to X units in 2021. Over the period under review, imports saw a significant increase. The pace of growth was the most pronounced in 2013 when imports increased by 513%. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, lithium-ion accumulator imports surged to $X in 2021. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2015 with an increase of 540% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest lithium-ion accumulator supplier to Uruguay, accounting for a 77% share of total imports. Moreover, lithium-ion accumulator imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), ninefold. The United States (X units) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +98.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+62.5% per year) and the United States (+56.4% per year).

In value terms, China ($X) constituted the largest supplier of lithium-ion accumulators to Uruguay, comprising 53% of total imports. The second position in the ranking was held by the United States ($X), with a 7.7% share of total imports. It was followed by Germany, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +92.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+58.6% per year) and Germany (+81.4% per year).

Import Prices by Country

The average lithium-ion accumulator import price stood at $X per unit in 2021, with a decrease of -44.2% against the previous year. Over the period under review, the import price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2015 when the average import price increased by 46% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform