Latin America and the Caribbean: Market for Parts For Electric Filament Or Discharge Lamps 2024

Market Size for Parts For Electric Filament Or Discharge Lamps in Latin America and the Caribbean

The Latin American electric filament lamp parts market fell to $X in 2022, with a decrease of -6.9% against the previous year. Over the period under review, consumption showed a abrupt curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Parts For Electric Filament Or Discharge Lamps in Latin America and the Caribbean

In value terms, electric filament lamp parts production contracted to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 13% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Exports of Parts For Electric Filament Or Discharge Lamps

Exports in Latin America and the Caribbean

In 2022, approx. X tons of parts for electric filament or discharge lamps were exported in Latin America and the Caribbean; picking up by 91% against 2021. In general, exports, however, continue to indicate a dramatic decline. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, electric filament lamp parts exports soared to $X in 2022. Over the period under review, exports, however, recorded a sharp reduction. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico was the major exporting country with an export of about X tons, which accounted for 66% of total exports. Brazil (X tons) took the second position in the ranking, followed by Guatemala (X tons) and Barbados (X tons). All these countries together took near 24% share of total exports. The following exporters - Panama (X tons) and Costa Rica (X tons) - each resulted at a 4.1% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to electric filament lamp parts exports from Mexico stood at -33.4%. At the same time, Barbados (+98.2%), Guatemala (+12.9%) and Costa Rica (+2.6%) displayed positive paces of growth. Moreover, Barbados emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +98.2% from 2012-2022. By contrast, Brazil (-5.5%) and Panama (-45.1%) illustrated a downward trend over the same period. Brazil (+10 p.p.), Guatemala (+6.9 p.p.), Barbados (+6.4 p.p.) and Costa Rica (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while Mexico and Panama saw its share reduced by -14.4% and -16.6% from 2012 to 2022, respectively.

In value terms, Mexico ($X) remains the largest electric filament lamp parts supplier in Latin America and the Caribbean, comprising 70% of total exports. The second position in the ranking was taken by Brazil ($X), with a 15% share of total exports. It was followed by Panama, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value in Mexico amounted to -26.6%. In the other countries, the average annual rates were as follows: Brazil (-5.0% per year) and Panama (-36.9% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, remaining constant against the previous year. Export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric filament lamp parts export price decreased by -13.3% against 2019 indices. The pace of growth was the most pronounced in 2014 an increase of 66%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, 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 Panama ($X per ton), while Barbados ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+14.9%), while the other leaders experienced more modest paces of growth.

Imports of Parts For Electric Filament Or Discharge Lamps

Imports in Latin America and the Caribbean

In 2022, approx. X tons of parts for electric filament or discharge lamps were imported in Latin America and the Caribbean; which is down by -17.9% on 2021. Over the period under review, imports faced a abrupt downturn. The growth pace was the most rapid in 2021 when imports increased by 28% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, electric filament lamp parts imports dropped to $X in 2022. In general, imports continue to indicate a deep downturn. The growth pace was the most rapid in 2018 when imports increased by 9.4% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Mexico represented the key importing country with an import of around X tons, which recorded 48% of total imports. Bolivia (X tons) held the second position in the ranking, distantly followed by Brazil (X tons) and Guatemala (X tons). All these countries together took approx. 31% share of total imports. The following importers - Cuba (X tons), Colombia (X tons), Honduras (X tons), Ecuador (X tons), Peru (X tons), Chile (X tons) and Argentina (X tons) - together made up 14% of total imports.

From 2012 to 2022, average annual rates of growth with regard to electric filament lamp parts imports into Mexico stood at -22.2%. At the same time, Argentina (+35.9%), Cuba (+35.0%), Guatemala (+20.9%), Bolivia (+19.5%), Chile (+7.8%) and Peru (+7.1%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +35.9% from 2012-2022. By contrast, Honduras (-2.8%), Ecuador (-9.4%), Brazil (-14.2%) and Colombia (-17.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Bolivia, Guatemala, Brazil, Cuba, Honduras, Peru and Argentina increased by +16, +5.4, +3.8, +2.6, +1.8, +1.8 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported parts for electric filament or discharge lamps in Latin America and the Caribbean, comprising 53% of total imports. The second position in the ranking was held by Guatemala ($X), with a 10% share of total imports. It was followed by Brazil, with a 10% share.

In Mexico, electric filament lamp parts imports shrank by an average annual rate of -19.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Guatemala (+24.7% per year) and Brazil (-18.2% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, with an increase of 15% against the previous year. Import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric filament lamp parts import price decreased by -25.2% against 2015 indices. The pace of growth appeared the most rapid in 2014 when the import price increased by 46%. The level of import peaked at $X per ton in 2015; however, from 2016 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 Guatemala ($X per ton), while Bolivia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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