Mexico: Electric Filament Lamp Market 2024

Electric Filament Lamp Market Size in Mexico

The Mexican electric filament lamp market contracted to $X in 2021, with a decrease of -9.1% against the previous year. Over the period under review, consumption recorded a abrupt decline. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Electric Filament Lamp Production in Mexico

In value terms, electric filament lamp production dropped to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 with an increase of 41% against the previous year. Electric filament lamp production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Electric Filament Lamp Exports

Exports from Mexico

In 2021, shipments abroad of electric filament lamps decreased by -73.7% to X units, falling for the second consecutive year after three years of growth. Overall, exports continue to indicate a significant curtailment. The pace of growth appeared the most rapid in 2017 when exports increased by 55% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, electric filament lamp exports declined markedly to $X in 2021. In general, exports showed a precipitous descent. The most prominent rate of growth was recorded in 2017 with an increase of 37%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for electric filament lamp exports from Mexico, with a 12% share of total exports. It was followed by Canada (X units), with a 0.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to -27.0%.

In value terms, the United States ($X) remains the key foreign market for electric filament lamps exports from Mexico, comprising 98% of total exports. The second position in the ranking was held by Canada ($X), with a 0.9% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to -13.2%.

Export Prices by Country

The average electric filament lamp export price stood at $X per unit in 2021, with an increase of 16% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Canada amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+18.8%).

Electric Filament Lamp Imports

Imports into Mexico

In 2021, overseas purchases of electric filament lamps were finally on the rise to reach X units after six years of decline. Overall, imports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 11% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, electric filament lamp imports expanded significantly to $X in 2021. In general, imports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 22% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X units), Japan (X units) and Taiwan (Chinese) (X units) were the main suppliers of electric filament lamp imports to Mexico, with a combined 62% share of total imports. The United States, South Korea, Slovakia, Hungary, Germany, Poland, India and Indonesia lagged somewhat behind, together accounting for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +18.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of electric filament lamps to Mexico, comprising 46% of total imports. The second position in the ranking was taken by Japan ($X), with a 20% share of total imports. It was followed by the United States, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+5.1% per year) and the United States (-14.2% per year).

Import Prices by Country

The average electric filament lamp import price stood at $X per unit in 2021, remaining constant against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 9.7% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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