Car Batteries: Regional Market Figures

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.

Monday, October 5, 2020

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

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Variation of Regional Imports
Between the first quarter of 2019 and the same period in 2019, the value of car batteries imported into Central America did not register significant variations, since in both periods purchases were close to $57 million.

For the quarter in question, El Salvador, Guatemala and Honduras were the markets in the region that increased their imports, with 36%, 18% and 5% year-on-year increases, respectively.

Nicaragua, Costa Rica and Panama reduced their purchases by 1%, 4% and 37%, in that order.

Imports by Country
From January to March of this year the main buyer was Guatemala, with $16 million, followed by Costa Rica, with $11 million, El Salvador, with $9 million, Panama, with $8 million, Honduras, with $8 million and Nicaragua, with $6 million.

Origin of Imports
In the first three months of the year 41% of the value imported into the region came from Mexico, 16% from the USA, 16% from China, 10% from South Korea, 5% from Colombia and 2% from Hong Kong.

The U.S. is the market of origin of imports that has decreased the most in the first quarter of the last eight years, since in 2012 it represented 26% of total purchases in Central America, and in 2020 that proportion fell to 16%.

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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"]

Car Batteries: Purchases Up 14%

September 2019

In the first three months of the year, countries in the region imported $57 million in vehicle batteries, 14% more than in the same period in 2018.

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

Car Batteries: Market Figures up to June 2018

January 2019

In the first half of 2018, countries in the region imported $105 million worth of vehicle batteries, 8% more than what was purchased in the same period in 2017.

Figures from the information system Market for Electric Lead Accumulators for Starting Plunger Engines in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]

Car Batteries: Central America's Business

October 2018

The countries of the region imported batteries for vehicles for $50 million in the first quarter of 2018, and 60% was purchased by companies in Guatemala, Costa Rica and Panama.

Figures from the information system on the Market for Electric Lead Accumulators to Start Piston Engines in Central America, compiled by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]

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