Mexico - Electric Accumulators - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAccumulator Imports in Mexico Surge by 35%, Reaching $4.3 Billion in 2023
Mexico Accumulator Imports
For the fifth consecutive year, Mexico recorded growth in supplies from abroad of electric accumulators, which increased by 16% to 111M units in 2023. Overall, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 74%. Over the period under review, imports reached the maximum in 2023 and are likely to see gradual growth in years to come.
In value terms, accumulator imports soared to $4.3B (IndexBox estimates) in 2023. Over the period under review, imports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2021 when imports increased by 73%. Imports peaked in 2023 and are expected to retain growth in the near future.
| COUNTRY | Import Value of Accumulator in Mexico (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Poland | 0.6 | 0.5 | 0.8 | 1.0 | 1.3 | 1.0 | 72.4 | 149 | 912 | 1,348 | 1,680 |
| United States | 383 | 439 | 489 | 474 | 476 | 545 | 479 | 309 | 337 | 351 | 955 |
| China | 193 | 247 | 282 | 243 | 236 | 211 | 233 | 269 | 433 | 635 | 660 |
| Belgium | N/A | N/A | N/A | N/A | 0.2 | N/A | N/A | N/A | 0.6 | 241 | 313 |
| Japan | 194 | 116 | 88.6 | 91.1 | 82.2 | 77.0 | 74.5 | 128 | 152 | 167 | 171 |
| Germany | 9.1 | 10.0 | 12.8 | 10.8 | 29.6 | 35.9 | 38.5 | 42.2 | 46.8 | 80.7 | 150 |
| Malaysia | 2.2 | 1.9 | 16.5 | 22.1 | 28.6 | 26.2 | 53.3 | 53.7 | 100 | 130 | 130 |
| South Korea | 2.5 | 15.3 | 14.4 | 36.3 | 56.9 | 141 | 129 | 186 | 208 | 152 | 103 |
| Others | 43.4 | 44.2 | 52.0 | 76.9 | 79.1 | 89.4 | 112 | 189 | 108 | 99.9 | 169 |
| Total | 827 | 874 | 956 | 956 | 990 | 1,127 | 1,192 | 1,326 | 2,299 | 3,203 | 4,330 |
Imports by Country
In 2023, China (73M units) constituted the largest accumulator supplier to Mexico, accounting for a 65% share of total imports. Moreover, accumulator imports from China exceeded the figures recorded by the second-largest supplier, the United States (15M units), fivefold. The third position in this ranking was held by Belgium (7.1M units), with a 6.4% share.
From 2013 to 2023, the average annual growth rate of volume from China amounted to +19.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+11.7% per year) and Belgium (+166.7% per year).
In value terms, the largest accumulator suppliers to Mexico were Poland ($1.7B), the United States ($955M) and China ($660M), with a combined 76% share of total imports. Belgium, Japan, Germany, Malaysia and South Korea lagged somewhat behind, together comprising a further 20%.
In terms of the main suppliers, Belgium, with a CAGR of +171.7%, recorded 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.
Imports by Type
In 2023, nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators (91M units) constituted the largest type of electric accumulators supplied to Mexico, accounting for a 82% share of total imports. Moreover, nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators exceeded the figures recorded for the second-largest type, lead-acid accumulators for starting piston engines (14M units), sixfold.
From 2013 to 2023, the average annual growth rate of the volume of nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators imports amounted to +13.1%. With regard to the other supplied products, the following average annual rates of growth were recorded: lead-acid accumulators for starting piston engines (+19.2% per year) and lead-acid accumulators (excluding starter batteries) (-0.2% per year).
In value terms, nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer and nickel-iron accumulators ($3.9B) constituted the largest type of electric accumulators supplied to Mexico, comprising 90% of total imports. The second position in the ranking was held by lead-acid accumulators for starting piston engines ($249M), with a 5.8% share of total imports.
Import Prices by Country
In 2023, the accumulator price stood at $39 per unit (CIF, Mexico), jumping by 17% against the previous year. Over the period under review, import price indicated a strong increase from 2013 to 2023: its price increased at an average annual rate of +5.2% 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 2018 when the average import price increased by 22%. As a result, import price reached the peak level of $40 per unit. From 2019 to 2023, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($63 per unit), while the price for China ($9.1 per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Japan (+10.8%), while the prices for the other major suppliers experienced mixed trend patterns.
This report provides an in-depth analysis of the accumulator market in Mexico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27202100 - Lead-acid accumulators for starting piston engines
- Prodcom 27202210 -
- Prodcom 27202250 -
- Prodcom 27202300 - Nickel-cadmium, nickel metal hydride, lithium-ion, lithium polymer, nickel-iron and other electric accumulators
Country coverage:
- Mexico
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Mexico
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
