Costa Rica: Market for Primary Cells and Batteries 2024

Market Size for Primary Cells and Batteries in Costa Rica

The Costa Rican primary cell and battery market contracted markedly to $X in 2023, reducing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a strong expansion. Primary cell and battery consumption peaked at $X in 2022, and then contracted significantly in the following year.

Production of Primary Cells and Batteries in Costa Rica

In value terms, primary cell and battery production expanded sharply to $X in 2023 estimated in export price. In general, production showed prominent growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Exports of Primary Cells and Batteries

Exports from Costa Rica

In 2023, the amount of primary cells and batteries exported from Costa Rica expanded sharply to X units, with an increase of X% compared with 2022 figures. Over the period under review, exports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.

In value terms, primary cell and battery exports stood at $X in 2023. Overall, exports recorded a remarkable increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Mexico (X units), Peru (X units) and Panama (X units) were the main destinations of primary cell and battery exports from Costa Rica, together comprising X% of total exports.

From 2012 to 2023, the biggest increases were recorded for Peru (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Mexico ($X) and Guatemala ($X) constituted the largest markets for primary cell and battery exported from Costa Rica worldwide, with a combined X% share of total exports.

Peru, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average primary cell and battery export price amounted to $X per unit, remaining relatively unchanged against the previous year. Over the period under review, the export price, however, showed a noticeable downturn. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. The export price peaked at $X per unit in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Guatemala ($X per unit), while the average price for exports to Panama ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Colombia (X%), while the prices for the other major destinations experienced a decline.

Imports of Primary Cells and Batteries

Imports into Costa Rica

In 2023, after two years of growth, there was significant decline in overseas purchases of primary cells and batteries, when their volume decreased by X% to X units. Over the period under review, imports, however, recorded strong growth. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then fell sharply in the following year.

In value terms, primary cell and battery imports declined to $X in 2023. In general, total imports indicated a remarkable increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2022, and then shrank in the following year.

Imports by Country

China (X units), the United States (X units) and Indonesia (X units) were the main suppliers of primary cell and battery imports to Costa Rica, together accounting for X% of total imports. Thailand, Japan, Spain, Guatemala, Belgium, Brazil, Panama and Mexico lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest primary cell and battery suppliers to Costa Rica were the United States ($X), China ($X) and Thailand ($X), together accounting for X% of total imports. Indonesia, Japan, Belgium, Guatemala, Brazil, Panama, Spain and Mexico lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Belgium, with a CAGR of X%, saw 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.

Import Prices by Country

The average primary cell and battery import price stood at $X per unit in 2023, picking up by X% against the previous year. Over the period under review, the import price, however, saw a abrupt contraction. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2023, import prices remained at a lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform