Chile: Market for Special-Purpose Electric Lamps and Lighting Fittings 2025

Market Size for Special-Purpose Electric Lamps and Lighting Fittings in Chile

The Chilean market for special-purpose electric lamps and lighting fittings dropped remarkably to $X in 2022, shrinking by -16.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +25.6% against 2020 indices. As a result, consumption attained the peak level of $X, and then shrank rapidly in the following year.

Exports of Special-Purpose Electric Lamps and Lighting Fittings

Exports from Chile

In 2022, overseas shipments of special-purpose electric lamps and lighting fittings were finally on the rise to reach X units for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, showed a noticeable downturn. The most prominent rate of growth was recorded in 2016 with an increase of 44% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of special-purpose electric lamps and lighting fittings skyrocketed to $X in 2022. In general, exports, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 57%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Peru (X units), Bolivia (X units) and Mexico (X units) were the main destinations of exports of special-purpose electric lamps and lighting fittings from Chile, with a combined 56% share of total exports. Uruguay, Argentina, the United Arab Emirates, Colombia, Paraguay and Ecuador lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Argentina (with a CAGR of +54.3%), while the other leaders experienced more modest paces of growth.

In value terms, Bolivia ($X), Peru ($X) and Mexico ($X) constituted the largest markets for special-purpose electric lamp and lighting fitting exported from Chile worldwide, with a combined 61% share of total exports. Argentina, Paraguay, Uruguay, Ecuador, Colombia and the United Arab Emirates lagged somewhat behind, together accounting for a further 21%.

Among the main countries of destination, Argentina, with a CAGR of +50.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for special-purpose electric lamps and lighting fittings amounted to $X per unit, which is down by -2.9% against the previous year. Over the period under review, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2018 an increase of 28%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Bolivia ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+46.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Special-Purpose Electric Lamps and Lighting Fittings

Imports into Chile

Imports of special-purpose electric lamps and lighting fittings into Chile shrank notably to X units in 2022, waning by -21.9% compared with 2021. Overall, imports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 78% against the previous year. As a result, imports reached the peak of X units, and then plummeted in the following year.

In value terms, imports of special-purpose electric lamps and lighting fittings contracted rapidly to $X in 2022. Over the period under review, total imports indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +22.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 45%. Over the period under review, imports of hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of special-purpose electric lamp and lighting fitting to Chile, accounting for a 94% share of total imports. It was followed by the United States (X units), with a 1.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +11.1%.

In value terms, China ($X) constituted the largest supplier of special-purpose electric lamps and lighting fittings to Chile, comprising 81% of total imports. The second position in the ranking was taken by the United States ($X), with a 4.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +6.2%.

Import Prices by Country

In 2022, the average import price for special-purpose electric lamps and lighting fittings amounted to $X per unit, growing by 8.3% against the previous year. Overall, the import price, however, recorded a deep slump. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, 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 the United States ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.3%).

Source: IndexBox Platform

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