Latin America and the Caribbean: Photographic Flashbulb Market 2024

Photographic Flashbulb Market Size in Latin America and the Caribbean

In 2021, after two years of growth, there was significant decline in the Latin American photographic flashbulb market, when its value decreased by -27.3% to $X. Overall, consumption recorded a deep downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Photographic Flashbulb Production in Latin America and the Caribbean

In value terms, photographic flashbulb production shrank modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when the production volume increased by 9.4% against the previous year. As a result, production reached the peak level of $X, and then declined modestly in the following year.

Photographic Flashbulb Exports

Exports in Latin America and the Caribbean

In 2021, the amount of photographic flashbulbs and flashcubes exported in Latin America and the Caribbean fell modestly to X units, which is down by -2.2% against the previous year. Over the period under review, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2019 with an increase of 58%. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, photographic flashbulb exports reached $X in 2021. Overall, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by 64%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Panama was the major exporter of photographic flashbulbs and flashcubes in Latin America and the Caribbean, with the volume of exports accounting for X units, which was approx. 40% of total exports in 2021. Jamaica (X units) ranks second in terms of the total exports with a 19% share, followed by Colombia (15%) and Argentina (13%). The following exporters - Peru (X units), Costa Rica (X units) and Bahamas (X units) - together made up 7.6% of total exports.

Exports from Panama decreased at an average annual rate of -11.9% from 2012 to 2021. At the same time, Argentina (+12.7%), Jamaica (+12.3%) and Costa Rica (+6.7%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +12.7% from 2012-2021. Bahamas experienced a relatively flat trend pattern. By contrast, Peru (-2.9%) and Colombia (-14.7%) illustrated a downward trend over the same period. Jamaica (+17 p.p.), Argentina (+12 p.p.), Panama (+9.8 p.p.), Peru (+2.5 p.p.), Costa Rica (+1.8 p.p.) and Bahamas (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Jamaica ($X) remains the largest photographic flashbulb supplier in Latin America and the Caribbean, comprising 54% of total exports. The second position in the ranking was taken by Panama ($X), with a 15% share of total exports. It was followed by Colombia, with a 9.2% share.

In Jamaica, photographic flashbulb exports increased at an average annual rate of +42.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Panama (-17.2% per year) and Colombia (+17.5% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2021, rising by 3.1% against the previous year. Over the period under review, the export price saw a strong expansion. The most prominent rate of growth was recorded in 2018 when the export price increased by 146% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Jamaica ($X per unit), while Panama ($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 (+37.6%), while the other leaders experienced more modest paces of growth.

Photographic Flashbulb Imports

Imports in Latin America and the Caribbean

In 2021, after two years of growth, there was significant decline in overseas purchases of photographic flashbulbs and flashcubes, when their volume decreased by -8.7% to X units. In general, imports showed a abrupt shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 48%. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, photographic flashbulb imports reached $X in 2021. Over the period under review, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2019 with an increase of 52% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Brazil (X units), distantly followed by Guatemala (X units), Panama (X units), Costa Rica (X units) and El Salvador (X units) represented the key importers of photographic flashbulbs and flashcubes, together achieving 76% of total imports. Mexico (X units), Chile (X units), Bolivia (X units), Honduras (X units) and Cayman Islands (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Bolivia (with a CAGR of +45.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest photographic flashbulb importing markets in Latin America and the Caribbean were Brazil ($X), Chile ($X) and Mexico ($X), with a combined 47% share of total imports. These countries were followed by Panama, Bolivia, Costa Rica, Guatemala, El Salvador, Cayman Islands and Honduras, which together accounted for a further 18%.

Among the main importing countries, Costa Rica, with a CAGR of +25.4%, saw the highest rates of growth with regard to the value of imports, 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, growing by 17% against the previous year. Overall, the import price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2014 an increase of 154%. Over the period under review, import prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Panama (+39.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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