MERCOSUR: Electronic Lamp Machine Market 2024

Electronic Lamp Machine Market Size in MERCOSUR

The MERCOSUR electronic lamp machine market was estimated at $X in 2021, approximately mirroring the previous year. Over the period under review, consumption continues to indicate a prominent increase. Over the period under review, the market attained the maximum level in 2021 and is likely to see steady growth in the immediate term.

Electronic Lamp Machine Production in MERCOSUR

In value terms, electronic lamp machine production reached $X in 2021 estimated in export price. Overall, production, however, posted buoyant growth. The pace of growth was the most pronounced in 2017 when the production volume increased by 34% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Electronic Lamp Machine Exports

Exports in MERCOSUR

In 2021, shipments abroad of machines for electric or electronic lamps, tubes, valves or flashbulbs was finally on the rise to reach X units for the first time since 2016, thus ending a four-year declining trend. In general, exports, however, continue to indicate a noticeable slump. Over the period under review, the exports reached the peak figure at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, electronic lamp machine exports soared to $X in 2021. Overall, exports, however, recorded a sharp contraction. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Chile dominates exports structure, recording X units, which was near 92% of total exports in 2021. It was distantly followed by Ecuador (X units), creating a 5.6% share of total exports. Brazil (X units) took a relatively small share of total exports.

Chile experienced a relatively flat trend pattern with regard to volume of exports of machines for electric or electronic lamps, tubes, valves or flashbulbs. Ecuador experienced a relatively flat trend pattern. Brazil (-27.5%) illustrated a downward trend over the same period. While the share of Chile (+28 p.p.) and Ecuador (+5.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Brazil (-31.2 p.p.) displayed negative dynamics.

In value terms, Chile ($X) emerged as the largest electronic lamp machine supplier in MERCOSUR, comprising 94% of total exports. The second position in the ranking was taken by Brazil ($X), with a 5.4% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Chile stood at -5.5%. In the other countries, the average annual rates were as follows: Brazil (-39.0% per year) and Ecuador (0.0% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per unit, reducing by -69.4% against the previous year. Over the period under review, the export price saw a dramatic contraction. The growth pace was the most rapid in 2020 when the export price increased by 79%. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (-5.2%).

Electronic Lamp Machine Imports

Imports in MERCOSUR

In 2021, purchases abroad of machines for electric or electronic lamps, tubes, valves or flashbulbs was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, recorded a deep setback. The pace of growth was the most pronounced in 2014 when imports increased by 62% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, electronic lamp machine imports contracted significantly to $X in 2021. Over the period under review, imports, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2014 with an increase of 290% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Chile (X units) and Paraguay (X units) represented roughly 61% of total imports in 2021. Colombia (X units) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by Peru (6.5%) and Uruguay (6.5%). Argentina (X units) and Brazil (X units) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were in Peru (with a CAGR of +46.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Peru ($X), Colombia ($X) and Argentina ($X) were the countries with the highest levels of imports in 2021, together accounting for 72% of total imports.

Among the main importing countries, Peru, with a CAGR of +81.0%, recorded 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

In 2021, the import price in MERCOSUR amounted to $X per unit, with a decrease of -37.7% against the previous year. In general, the import price, however, posted buoyant growth. The most prominent rate of growth was recorded in 2014 an increase of 140% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Argentina ($X per unit), while Paraguay ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uruguay (+24.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform