Lithium-ion batteries have high energy density, are light, small, charge quickly, and can withstand high charging and discharging frequencies. Compared to lead-acid and nickel-metal hydride batteries, Lithium-ion batteries are not only more environmentally friendly but also have a longer lifespan and provide higher endurance. As a result, lithium-ion batteries have become the preferred power source for many applications.
Lithium-ion batteries are widely used in mobile phones, laptops, tablets, wearable devices, power tools, drones, electric vehicles, energy storage systems, etc. According to the publisher's analysis, the demand for lithium-ion batteries has grown rapidly, especially in the fields of electric vehicles and renewable energy storage, which has promoted the development of related industries.
The upstream of the Lithium-ion battery industry mainly involves the mining and processing of raw materials such as lithium ore, cobalt, nickel, and graphite. The midstream consists of battery manufacturers, responsible for the assembly, production, and packaging of the batteries. The downstream includes consumer electronics manufacturers, automakers, energy storage equipment manufacturers, etc., with application areas covering a wide range of end products, from smartphones to electric vehicles.
The global Lithium-ion battery market is growing rapidly. According to the publisher's analysis, the leading global lithium-ion battery manufacturers include China's CATL (Contemporary Amperex Technology Co. Ltd.), BYD, South Korea's Samsung SDI, LG Chem, and Japan's Panasonic.
The size of the Mexican lithium-ion battery market is growing, with major downstream industries including automotive electronics, energy storage equipment, home appliances and power equipment. According to the publisher's analysis, the growth of Mexico's electric vehicle industry and consumer electronics market is the main driving force for the growth of Mexico's lithium battery market.
However, due to the lack of technology, equipment and industrial foundation, the local industrial chain of lithium-ion batteries in Mexico is incomplete, and the products mainly rely on imports. According to the publisher's analysis, Mexico's free trade agreements (such as USMCA) also provide a good policy environment for its imported lithium-ion batteries, which further promotes the expansion of Mexico's lithium-ion battery imports. In addition, Mexico's automobile manufacturing industry is dominated by foreign-funded enterprises, which rely on the global supply chain system and import high-quality lithium-ion batteries and parts to ensure product quality and technical standards.
According to the publisher's data, Mexico's total lithium-ion battery imports in 2023 will be approximately US$2.4 billion. From January to September 2024, Mexico's cumulative lithium-ion battery imports will be approximately US$1.3 billion, and it is expected to continue to grow in the next few years.
According to the publisher's analysis, the main import sources of lithium-ion batteries for Mexico from 2021 to 2024 include China, Japan, Malaysia and other places. The main companies exporting lithium-ion batteries to Mexico include LG ENERGY SOLUTION WROCŁAW SP. Z O.O.、EXPORT DISTRIBUTION CENTER C/O TRANSFESA HANDICO TERMINALS、APOLLO VREDESTEIN B.V.
Major importers of lithium-ion batteries in Mexico include MAQUILA SOLUTIONS MEXICO S.A. DE C.V., QUALITY SEW S.A. DE C.V., BLACK & DECKER DE REYNOSA S. DE R.L. DE C.V. and other companies.
In general, with the growth of Mexico's economy and the development of its manufacturing industry, the market size of lithium-ion batteries in Mexico will continue to grow. According to the publisher's analysis, due to the limited production capacity and output of lithium-ion batteries in Mexico, it is expected that the import volume of lithium-ion batteries in Mexico will continue to grow in the next few years. The publisher recommends that overseas lithium-ion battery manufacturers can conduct research on the Mexican lithium-ion battery industry and consider building factories in Mexico if necessary to seize the opportunities in the Mexican lithium-ion battery market.
Topics covered:
- The Import and Export of Lithium-ion Battery in Mexico (2021-2024)
- Total Import Volume and Percentage Change of Lithium-ion Battery in Mexico (2021-2024)
- Total Import Value and Percentage Change of Lithium-ion Battery in Mexico (2021-2024)
- Total Import Volume and Percentage Change of Lithium-ion Battery in Mexico (2024)
- Total Import Value and Percentage Change of Lithium-ion Battery in Mexico (2024)
- Average Import Price of Lithium-ion Battery in Mexico (2021-2024)
- Top 10 Sources of Lithium-ion Battery Imports in Mexico and Their Supply Volume
- Top 10 Suppliers in the Import Market of Lithium-ion Battery in Mexico and Their Supply Volume
- Top 10 Importers of Lithium-ion Battery in Mexico and Their Import Volume
- How to Find Distributors and End Users of Lithium-ion Battery in Mexico
- How Foreign Enterprises Enter the Lithium-ion Battery Market of Mexico
- Forecast for the Import of Lithium-ion Battery in Mexico (2025-2034)
Table of Contents
Companies Mentioned
- LG ENERGY SOLUTION WROCŁAW SP. Z O.O.
- EXPORT DISTRIBUTION CENTER C/O TRANSFESA HANDICO TERMINALS
- APOLLO VREDESTEIN B.V.
- MAQUILA SOLUTIONS MEXICO S.A. DE C.V.
- QUALITY SEW S.A. DE C.V.
- BLACK & DECKER DE REYNOSA S. DE R.L. DE C.V.
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | January 2025 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value ( USD | $ 2.53 Billion |
| Forecasted Market Value ( USD | $ 3.75 Billion |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Mexico |
| No. of Companies Mentioned | 6 |
