MERCOSUR: Portable Electric Lamp Market 2024

Portable Electric Lamp Market Size in MERCOSUR

The MERCOSUR portable electric lamp market reduced slightly to $X in 2022, dropping by -2.4% against the previous year. In general, consumption showed a slight shrinkage. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Portable Electric Lamp Production in MERCOSUR

In value terms, portable electric lamp production expanded to $X in 2022 estimated in export price. Over the period under review, production saw prominent growth. The growth pace was the most rapid in 2013 when the production volume increased by 260% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Portable Electric Lamp Exports

Exports in MERCOSUR

In 2022, shipments abroad of portable electric lamps increased by 29% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 36%. Over the period under review, the exports reached the peak figure at X units in 2012; afterwards, it flattened through to 2022.

In value terms, portable electric lamp exports reduced modestly to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 44%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Chile prevails in exports structure, accounting for X units, which was near 89% of total exports in 2022. It was distantly followed by Brazil (X units), committing a 4.5% share of total exports. The following exporters - Venezuela (X units) and Colombia (X units) - each recorded a 4.1% share of total exports.

Exports from Chile increased at an average annual rate of +2.2% from 2012 to 2022. At the same time, Venezuela (+17.5%) displayed positive paces of growth. Moreover, Venezuela emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +17.5% from 2012-2022. By contrast, Brazil (-8.0%) and Colombia (-17.0%) illustrated a downward trend over the same period. Chile (+18 p.p.) and Venezuela (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while Brazil and Colombia saw its share reduced by -5.8% and -10.2% from 2012 to 2022, respectively.

In value terms, Chile ($X) remains the largest portable electric lamp supplier in MERCOSUR, comprising 90% of total exports. The second position in the ranking was taken by Brazil ($X), with a 6.7% share of total exports. It was followed by Venezuela, with a 2.1% share.

In Chile, portable electric lamp exports remained relatively stable over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Brazil (+8.1% per year) and Venezuela (+37.6% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2022, which is down by -23.2% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the export price increased by 16% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2021, and then contracted remarkably in the following year.

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 (+17.4%), while the other leaders experienced mixed trends in the export price figures.

Portable Electric Lamp Imports

Imports in MERCOSUR

In 2022, portable electric lamp imports in MERCOSUR reduced slightly to X units, waning by -4.3% compared with the previous year's figure. In general, imports recorded a mild setback. The growth pace was the most rapid in 2021 when imports increased by 24% against the previous year. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, portable electric lamp imports declined slightly to $X in 2022. Overall, imports recorded a pronounced descent. The growth pace was the most rapid in 2021 when imports increased by 46% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Brazil (X units) and Colombia (X units) represented roughly 56% of total imports in 2022. Peru (X units) took the next position in the ranking, distantly followed by Argentina (X units) and Chile (X units). All these countries together took near 31% share of total imports. Paraguay (X units), Ecuador (X units) and Venezuela (X units) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +5.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest portable electric lamp importing markets in MERCOSUR were Chile ($X), Brazil ($X) and Peru ($X), with a combined 63% share of total imports. Argentina, Colombia, Paraguay, Ecuador and Venezuela lagged somewhat behind, together comprising a further 35%.

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 MERCOSUR stood at $X per unit in 2022, increasing by 4% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 18% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Chile ($X per unit), while Colombia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+9.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform