Car Batteries: How are the Markets Performing?

In the first half of 2020, imports of vehicle batteries in El Salvador, Nicaragua and Guatemala increased in year-on-year terms, and in Honduras, Costa Rica and Panama there were decreases.

Wednesday, January 27, 2021

Central American imports of electric accumulators Al December 31st, 2020  

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Variation of Regional Imports
Between the first half of 2019 and the same period of 2020 the imported value of car batteries in Central America fell 11%, going from $111 million to $99 million.

For the semester under review, El Salvador, Nicaragua and Guatemala were the markets in the region that increased their imports, with year-on-year increases of 11%, 4% and 3%, respectively.

Honduras, Costa Rica and Panama reduced their purchases by 17%, 18% and 36%, in that order.

Imports by Country
From January to June of this year, the main buyer was Guatemala, with $27 million, followed by Costa Rica, with $20 million, Panama, with $14 million, El Salvador, with $13 million, Honduras, with $13 million and Nicaragua, with $12 million.

Origin of Imports
In the first six months of the year, 37% of the value of imports in the region came from Mexico, 17% from China, 16% from the U.S., 12% from South Korea, 5% from Colombia and 2% from Hong Kong.

The US is the market of origin of imports that has decreased the most in the first half of the last few years, since in 2012 it represented 26% of Central America's total purchases, and in 2020 that proportion fell to 16%.

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More on this topic

Car Batteries: Business with South Korea Rising

July 2021

During 2020, Central American imports of vehicle batteries totaled $211 million, and purchases from Korean companies increased by 27% over 2019.

Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graph"]

Car Batteries: Business with South Korea Increasing

April 2021

From January to September 2020, Central American imports of vehicle batteries totaled $155 million, and purchases from Korean companies increased 27% compared to the same period in 2019.

Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graph"]

Car Batteries: Regional Market Figures

October 2020

In the first quarter of the year, Central American countries imported vehicle batteries for $57 million, and 57% was purchased by companies in Guatemala and Costa Rica.

Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]

Vehicle Batteries: More Business with Mexico

July 2020

From January to April 2020, Central American companies imported from Mexico $28 million in electric batteries, 4% more than in the same period in 2019.

Figures from the Trade Intelligence Unit of CentralAmericaData: [GRAFICA caption="Click to interact with the graphic"]

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