MERCOSUR: Market for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles 2025

Market Size for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in MERCOSUR

The MERCOSUR market for electrical lighting or visual signaling equipment for motor vehicles and cycles shrank to $X in 2022, declining by X% against the previous year. Overall, consumption recorded a noticeable shrinkage. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Production of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in MERCOSUR

In value terms, lighting equipment for motor vehicles production dropped to $X in 2022 estimated in export price. In general, production, however, showed a deep contraction. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Exports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Exports in MERCOSUR

In 2022, shipments abroad of electrical lighting or visual signaling equipment for motor vehicles and cycles increased by X% to X units, rising for the second year in a row after two years of decline. Overall, exports, however, showed a noticeable reduction. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, lighting equipment for motor vehicles exports soared to $X in 2022. In general, exports, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Brazil was the major exporting country with an export of about X units, which finished at X% of total exports. It was distantly followed by Colombia (X units) and Argentina (X units), together constituting a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to lighting equipment for motor vehicles exports from Brazil stood at X%. Colombia experienced a relatively flat trend pattern. Argentina (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Colombia increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest lighting equipment for motor vehicles supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Argentina ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil amounted to X%. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Colombia (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per unit, rising by X% against the previous year. Export price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lighting equipment for motor vehicles export price increased by X% against 2018 indices. The growth pace was the most rapid in 2021 an increase of X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Imports in MERCOSUR

In 2022, approx. X units of electrical lighting or visual signaling equipment for motor vehicles and cycles were imported in MERCOSUR; with a decrease of X% against 2021 figures. In general, imports, however, recorded a modest increase. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of X units, and then declined rapidly in the following year.

In value terms, lighting equipment for motor vehicles imports expanded sharply to $X in 2022. Total imports indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Brazil represented the key importer of electrical lighting or visual signaling equipment for motor vehicles and cycles in MERCOSUR, with the volume of imports recording X units, which was approx. X% of total imports in 2022. Argentina (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Chile (X%) and Colombia (X%). Peru (X units), Venezuela (X units) and Ecuador (X units) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to lighting equipment for motor vehicles imports into Brazil stood at X%. At the same time, Chile (X%) and Peru (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. Argentina experienced a relatively flat trend pattern. By contrast, Ecuador (X%), Colombia (X%) and Venezuela (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) and Chile (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Argentina (X p.p.), Ecuador (X p.p.), Colombia (X p.p.) and Venezuela (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported electrical lighting or visual signaling equipment for motor vehicles and cycles in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Brazil totaled X%. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Chile (X% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per unit, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Argentina ($X per unit), while Venezuela ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform