Latin America and the Caribbean: Portable Electric Lamp Market 2025

Portable Electric Lamp Market Size in Latin America and the Caribbean

The Latin American portable electric lamp market declined to $X in 2022, remaining relatively unchanged against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Portable Electric Lamp Production in Latin America and the Caribbean

In value terms, portable electric lamp production stood at $X in 2022 estimated in export price. The total production indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.9% against 2020 indices. The most prominent rate of growth was recorded in 2013 when the production volume increased by 153%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Portable Electric Lamp Exports

Exports in Latin America and the Caribbean

In 2022, approx. X units of portable electric lamps were exported in Latin America and the Caribbean; growing by 11% compared with the previous year's figure. Overall, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 26% against the previous year. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, portable electric lamp exports surged to $X in 2022. Over the period under review, exports, however, saw a deep reduction. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The biggest shipments were from Guatemala (X units), Chile (X units), Mexico (X units) and Panama (X units), together accounting for 86% of total export. It was distantly followed by El Salvador (X units), comprising a 4.6% share of total exports. The Dominican Republic (X units) held a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Dominican Republic (with a CAGR of +19.9%), while the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Mexico ($X) and Panama ($X) were the countries with the highest levels of exports in 2022, together comprising 84% of total exports. Guatemala, the Dominican Republic and El Salvador lagged somewhat behind, together accounting for a further 12%.

Among the main exporting countries, the Dominican Republic, with a CAGR of +28.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, surging by 31% against the previous year. Overall, the export price recorded a strong expansion. The pace of growth was the most pronounced in 2017 an increase of 131% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Panama ($X per unit), while El Salvador ($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 (+21.4%), while the other leaders experienced more modest paces of growth.

Portable Electric Lamp Imports

Imports in Latin America and the Caribbean

In 2022, portable electric lamp imports in Latin America and the Caribbean declined to X units, shrinking by -5.1% on the year before. Overall, imports recorded a slight descent. The pace of growth appeared the most rapid in 2021 when imports increased by 19% against the previous year. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, portable electric lamp imports stood at $X in 2022. In general, imports recorded a mild decrease. The pace of growth appeared the most rapid in 2021 with an increase of 29%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Brazil (X units) and Colombia (X units) were the major importers of portable electric lamps in 2022, reaching approx. 20% and 15% of total imports, respectively. Peru (X units) took a 9.7% share (based on physical terms) of total imports, which put it in second place, followed by Mexico (6.7%), Guatemala (6.3%) and Argentina (5.2%). Chile (X units), Nicaragua (X units), Honduras (X units), Bolivia (X units), Paraguay (X units), Panama (X units) and El Salvador (X units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Argentina (with a CAGR of +5.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Chile ($X) and Brazil ($X) constituted the countries with the highest levels of imports in 2022, with a combined 53% share of total imports. Peru, Argentina, Colombia, Guatemala, Paraguay, El Salvador, Honduras, Nicaragua, Panama and Bolivia lagged somewhat behind, together comprising a further 33%.

In terms of the main importing countries, Argentina, with a CAGR of +5.7%, recorded the highest growth rate of 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 2022, rising by 8% against the previous year. In general, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the import price increased by 12%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

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 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+9.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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