Chile: Tungsten Halogen Lamp Market 2024

Tungsten Halogen Lamp Market Size in Chile

In 2021, after two years of decline, there was significant growth in the Chilean tungsten halogen lamp market, when its value increased by 26% to $X. In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Tungsten Halogen Lamp Exports

Exports from Chile

In 2021, overseas shipments of tungsten halogen lamps increased by 13% to X units, rising for the third consecutive year after four years of decline. In general, exports, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when exports increased by 309% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, tungsten halogen lamp exports soared to $X in 2021. Over the period under review, exports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2014 when exports increased by 296% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bolivia (X units) was the main destination for tungsten halogen lamp exports from Chile, accounting for a 77% share of total exports. Moreover, tungsten halogen lamp exports to Bolivia exceeded the volume sent to the second major destination, Peru (X units), more than tenfold. Uruguay (X units) ranked third in terms of total exports with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume to Bolivia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-28.1% per year) and Uruguay (+43.9% per year).

In value terms, Bolivia ($X) emerged as the key foreign market for tungsten halogen lamps exports from Chile, comprising 77% of total exports. The second position in the ranking was held by Peru ($X), with a 6.7% share of total exports. It was followed by Uruguay, with a 4.9% share.

From 2012 to 2021, the average annual growth rate of value to Bolivia amounted to +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (-26.8% per year) and Uruguay (+45.7% per year).

Export Prices by Country

The average tungsten halogen lamp export price stood at $X per unit in 2021, picking up by 3.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2017 when the average export price increased by 19% against the previous year. The export price peaked at $X per unit in 2019; afterwards, it flattened through to 2021.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Hong Kong SAR ($X per unit) and Uruguay ($X per unit), while the average price for exports to Peru ($X per unit) and Paraguay ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.

Tungsten Halogen Lamp Imports

Imports into Chile

In 2021, overseas purchases of tungsten halogen lamps increased by 30% to X units for the first time since 2016, thus ending a four-year declining trend. Over the period under review, imports, however, recorded a noticeable downturn. The growth pace was the most rapid in 2016 when imports increased by 70%. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, tungsten halogen lamp imports skyrocketed to $X in 2021. In general, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 81%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of tungsten halogen lamp to Chile, with a 56% share of total imports. Moreover, tungsten halogen lamp imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was held by South Korea (X units), with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.9% per year) and South Korea (+1.2% per year).

In value terms, China ($X) constituted the largest supplier of tungsten halogen lamps to Chile, comprising 56% of total imports. The second position in the ranking was held by Germany ($X), with a 19% share of total imports. It was followed by South Korea, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.8% per year) and South Korea (+4.5% per year).

Import Prices by Country

In 2021, the average tungsten halogen lamp import price amounted to $X per unit, waning by -3.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. The growth pace was the most rapid in 2018 an increase of 13% against the previous year. The import price peaked at $X per unit in 2020, and then declined slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Japan ($X per unit) and Poland ($X per unit), while the price for Hungary ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :