Latin America and the Caribbean: Bicycle Lighting Market 2025

Bicycle Lighting Market Size in Latin America and the Caribbean

The Latin American bicycle lighting market soared to $X in 2021, rising by 83% against the previous year. Over the period under review, consumption enjoyed a buoyant increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Bicycle Lighting Production in Latin America and the Caribbean

In value terms, bicycle lighting production skyrocketed to $X in 2021 estimated in export price. In general, production, however, enjoyed a prominent increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by 41% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Bicycle Lighting Exports

Exports in Latin America and the Caribbean

In 2021, after two years of growth, there was significant decline in shipments abroad of electrical or battery operated lighting or visual signalling for bicycles, when their volume decreased by -66.8% to X units. Overall, exports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2013 when exports increased by 513% against the previous year. The volume of export peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, bicycle lighting exports dropped dramatically to $X in 2021. Over the period under review, exports, however, showed a resilient expansion. The growth pace was the most rapid in 2017 with an increase of 392%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, Panama (X units), distantly followed by Chile (X units), the Dominican Republic (X units), Colombia (X units) and Brazil (X units) represented the main exporters of electrical or battery operated lighting or visual signalling for bicycles, together mixing up 88% of total exports. The following exporters - El Salvador (X units) and Costa Rica (X units) - together made up 6.9% of total exports.

From 2012 to 2021, the biggest increases were recorded for Brazil (with a CAGR of +127.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Panama ($X) and the Dominican Republic ($X) appeared to be the countries with the highest levels of exports in 2021, together accounting for 62% of total exports. These countries were followed by Brazil, Colombia, El Salvador and Costa Rica, which together accounted for a further 32%.

Brazil, with a CAGR of +149.2%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2021, rising by 25% against the previous year. In general, the export price posted a prominent increase. The growth pace was the most rapid in 2016 when the export price increased by 26%. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Panama ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+10.2%), while the other leaders experienced more modest paces of growth.

Bicycle Lighting Imports

Imports in Latin America and the Caribbean

For the sixth year in a row, LatAmerica and the Caribbean recorded growth in supplies from abroad of electrical or battery operated lighting or visual signalling for bicycles, which increased by 102% to X units in 2021. In general, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, bicycle lighting imports soared to $X in 2021. Over the period under review, imports enjoyed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico (X units) and Brazil (X units) represented the key importers of electrical or battery operated lighting or visual signalling for bicycles in 2021, accounting for near 37% and 30% of total imports, respectively. Argentina (X units) ranks next in terms of the total imports with an 8.2% share, followed by Colombia (7.2%), Chile (6.1%) and Peru (5.1%).

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +43.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest bicycle lighting importing markets in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Colombia ($X), with a combined 55% share of total imports. Chile, Argentina and Peru lagged somewhat behind, together comprising a further 30%.

Argentina, with a CAGR of +27.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2021, with a decrease of -21.6% against the previous year. In general, the import price recorded a abrupt contraction. The growth pace was the most rapid in 2015 an increase of 23%. Over the period under review, import prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Colombia (+5.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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