MERCOSUR: Market for Residential, Commercial and Industrial Lighting Fixture 2024

Market Size for Residential, Commercial and Industrial Lighting Fixture in MERCOSUR

The MERCOSUR market for residential, commercial and industrial lighting fixture expanded markedly to $X in 2021, with an increase of 14% against the previous year. Overall, consumption, however, saw a mild descent. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Production of Residential, Commercial and Industrial Lighting Fixture in MERCOSUR

In value terms, production of residential, commercial and industrial lighting fixture contracted modestly to $X in 2021 estimated in export price. Over the period under review, production showed a pronounced setback. The pace of growth appeared the most rapid in 2016 when the production volume increased by 7.6%. Over the period under review, production of hit record highs at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports in MERCOSUR

Exports of residential, commercial and industrial lighting fixture skyrocketed to X units in 2021, jumping by 18% compared with the year before. Over the period under review, exports, however, recorded a abrupt setback. Over the period under review, the exports of reached the peak figure at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of residential, commercial and industrial lighting fixture surged to $X in 2021. Overall, exports, however, recorded a deep reduction. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Brazil represented the largest exporter of residential, commercial and industrial lighting fixture in MERCOSUR, with the volume of exports amounting to X units, which was near 72% of total exports in 2021. It was distantly followed by Argentina (X units), constituting a 13% share of total exports. Chile (X units), Colombia (X units), Peru (X units) and Paraguay (X units) held a little share of total exports.

Brazil experienced a relatively flat trend pattern with regard to volume of exports of residential, commercial and industrial lighting fixture. Peru experienced a relatively flat trend pattern. Chile (-9.8%), Colombia (-11.8%), Paraguay (-16.4%) and Argentina (-17.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil and Peru increased by +32 and +1.6 percentage points, respectively.

In value terms, Brazil ($X) remains the largest residential, commercial and industrial lighting fixture supplier in MERCOSUR, comprising 54% of total exports. The second position in the ranking was taken by Argentina ($X), with a 16% share of total exports. It was followed by Chile, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Brazil totaled -7.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (-14.6% per year) and Chile (-7.5% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per unit, remaining relatively unchanged against the previous year. In general, the export price, however, recorded a perceptible decline. The growth pace was the most rapid in 2014 when the export price increased by 8.7% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Chile ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Paraguay (+16.5%), while the other leaders experienced more modest paces of growth.

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports in MERCOSUR

In 2021, the amount of residential, commercial and industrial lighting fixture imported in MERCOSUR skyrocketed to X units, with an increase of 26% compared with 2020 figures. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of residential, commercial and industrial lighting fixture skyrocketed to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Brazil represented the main importer of residential, commercial and industrial lighting fixture in MERCOSUR, with the volume of imports reaching X units, which was near 46% 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 Chile (12%), Peru (9.8%), Argentina (6.4%) and Ecuador (5.1%). Paraguay (X units) took a relatively small share of total imports.

Brazil was also the fastest-growing in terms of the residential, commercial and industrial lighting fixture imports, with a CAGR of +14.1% from 2012 to 2021. At the same time, Colombia (+10.5%), Ecuador (+10.2%), Peru (+3.8%) and Chile (+3.0%) displayed positive paces of growth. Paraguay and Argentina experienced a relatively flat trend pattern. While the share of Brazil (+21 p.p.) and Colombia (+4.3 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Paraguay (-1.5 p.p.), Peru (-2.7 p.p.), Chile (-4.5 p.p.) and Argentina (-5.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Chile ($X) and Colombia ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 69% share of total imports.

In terms of the main importing countries, Chile, with a CAGR of +10.7%, 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

The import price in MERCOSUR stood at $X per unit in 2021, with an increase of 26% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per unit in 2014; however, from 2015 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 ($X per unit), while Brazil ($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 (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform