Latin America and the Caribbean: Electric Lamp Market 2024

Electric Lamp Market Size in Latin America and the Caribbean

In 2022, the Latin American electric lamp market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Electric Lamp Production in Latin America and the Caribbean

In value terms, electric lamp production rose to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Electric Lamp Exports

Exports in Latin America and the Caribbean

In 2022, exports of electric lamps in Latin America and the Caribbean shrank to X units, which is down by X% against the year before. Over the period under review, exports recorded a dramatic descent. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, electric lamp exports reached $X in 2022. In general, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Mexico dominates exports structure, accounting for X units, which was near X% of total exports in 2022. It was distantly followed by Guatemala (X units), Panama (X units), Chile (X units) and El Salvador (X units), together achieving a X% share of total exports. Brazil (X units) and Costa Rica (X units) followed a long way behind the leaders.

Exports from Mexico decreased at an average annual rate of X% from 2012 to 2022. At the same time, Chile (X%) and Guatemala (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, El Salvador (X%), Brazil (X%), Panama (X%) and Costa Rica (X%) illustrated a downward trend over the same period. While the share of Guatemala (X p.p.), Chile (X p.p.), El Salvador (X p.p.) and Panama (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Costa Rica (X p.p.) and Mexico (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest electric lamp supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Panama ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

In Mexico, electric lamp exports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Panama (X% per year) and Chile (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while Guatemala ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (X%), while the other leaders experienced more modest paces of growth.

Electric Lamp Imports

Imports in Latin America and the Caribbean

In 2022, approx. X units of electric lamps were imported in Latin America and the Caribbean; shrinking by X% on 2021. Over the period under review, imports saw a perceptible downturn. The pace of growth appeared the most rapid in 2021 when imports increased by X%. As a result, imports reached the peak of X units, and then reduced rapidly in the following year.

In value terms, electric lamp imports shrank significantly to $X in 2022. Overall, imports saw a noticeable setback. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Mexico (X units) represented the major importer of electric lamps, constituting X% of total imports. Brazil (X units) ranks second in terms of the total imports with a X% share, followed by Argentina (X%), Chile (X%) and Colombia (X%). Peru (X units) and Ecuador (X units) held a relatively small share of total imports.

Mexico experienced a relatively flat trend pattern with regard to volume of imports of electric lamps. At the same time, Chile (X%) and Peru (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Argentina experienced a relatively flat trend pattern. By contrast, Ecuador (X%), Colombia (X%) and Brazil (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico, Chile, Peru and Argentina increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported electric lamps in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

In Mexico, electric lamp imports decreased by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Argentina (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, with an increase of X% against the previous year. In general, the import price, however, continues to indicate a slight shrinkage. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Ecuador ($X per unit), while Chile ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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