Latin America and the Caribbean: Electric Filament Lamp Market 2024

Electric Filament Lamp Market Size in Latin America and the Caribbean

The Latin American electric filament lamp market declined to $X in 2021, which is down by -3.7% against the previous year. Overall, consumption showed a abrupt curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Electric Filament Lamp Production in Latin America and the Caribbean

In value terms, electric filament lamp production reduced to $X in 2021 estimated in export price. Overall, production continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2020 when the production volume increased by 34%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Electric Filament Lamp Exports

Exports in Latin America and the Caribbean

In 2021, after two years of growth, there was significant decline in shipments abroad of electric filament lamps, when their volume decreased by -41.1% to X units. Over the period under review, exports faced a precipitous decrease. The pace of growth was the most pronounced in 2019 when exports increased by 5.8%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, electric filament lamp exports declined sharply to $X in 2021. In general, exports faced a precipitous setback. The most prominent rate of growth was recorded in 2020 when exports increased by 5.4% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from Chile (X units), Mexico (X units) and Panama (X units), together reaching 71% of total export. It was distantly followed by El Salvador (X units) and Brazil (X units), together comprising a 16% share of total exports. Guatemala (X units), Colombia (X units) and Trinidad and Tobago (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Trinidad and Tobago (with a CAGR of +43.8%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Mexico ($X), Chile ($X) and El Salvador ($X) constituted the countries with the highest levels of exports in 2021, with a combined 83% share of total exports. Brazil, Panama, Guatemala, Colombia and Trinidad and Tobago lagged somewhat behind, together accounting for a further 14%.

In terms of the main exporting countries, Trinidad and Tobago, with a CAGR of +30.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per unit, reducing by -11% against the previous year. Over the period under review, the export price saw a slight decrease. The most prominent rate of growth was recorded in 2017 an increase of 58%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guatemala (+2.3%), while the other leaders experienced more modest paces of growth.

Electric Filament Lamp Imports

Imports in Latin America and the Caribbean

In 2021, overseas purchases of electric filament lamps were finally on the rise to reach X units for the first time since 2012, thus ending a eight-year declining trend. Overall, imports, however, recorded a deep reduction. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, electric filament lamp imports rose sharply to $X in 2021. Over the period under review, imports, however, showed a abrupt decline. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Mexico (X units) and Brazil (X units) were the largest importers of electric filament lamps in Latin America and the Caribbean, together accounting for approx. 34% of total imports. Guatemala (X units) took a 9% share (based on physical terms) of total imports, which put it in second place, followed by Chile (8.2%), Venezuela (5.9%), Colombia (5.3%) and Nicaragua (4.5%). The following importers - Peru (X units), Argentina (X units), the Dominican Republic (X units), El Salvador (X units), Bolivia (X units) and Costa Rica (X units) - together made up 19% of total imports.

From 2012 to 2021, the biggest increases were recorded for Nicaragua (with a CAGR of +12.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported electric filament lamps in Latin America and the Caribbean, comprising 34% of total imports. The second position in the ranking was taken by Brazil ($X), with a 17% share of total imports. It was followed by Chile, with a 9.7% share.

From 2012 to 2021, the average annual growth rate of value in Mexico amounted to -6.5%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (-9.0% per year) and Chile (-0.3% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2021, increasing by 2.9% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by 8.3%. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, 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 Mexico ($X per unit), while Nicaragua ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bolivia (+7.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :