Mexico: Photographic Flashbulb Market 2024

Photographic Flashbulb Market Size in Mexico

In 2021, after two years of growth, there was significant decline in the Mexican photographic flashbulb market, when its value decreased by -11.8% to $X. Over the period under review, consumption, however, showed a buoyant expansion. Photographic flashbulb consumption peaked at $X in 2020, and then shrank in the following year.

Photographic Flashbulb Exports

Exports from Mexico

In 2021, approx. X units of photographic flashbulbs and flashcubes were exported from Mexico; which is down by -25% compared with 2020. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when exports increased by 868% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, photographic flashbulb exports contracted markedly to $X in 2021. In general, exports recorded a dramatic slump. The most prominent rate of growth was recorded in 2017 with an increase of 77% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Japan (X units), the United States (X units) and Guatemala (X units) were the main destinations of photographic flashbulb exports from Mexico, together accounting for 83% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +8.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for photographic flashbulbs and flashcubes exports from Mexico, comprising 81% of total exports. The second position in the ranking was taken by Japan ($X), with a 13% share of total exports. It was followed by China, with a 1.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled -13.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-10.4% per year) and China (-18.1% per year).

Export Prices by Country

In 2021, the average photographic flashbulb export price amounted to $X per unit, reducing by -6.6% against the previous year. In general, the export price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2016 when the average export price increased by 68% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Guatemala ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (-11.6%), while the prices for the other major destinations experienced a decline.

Photographic Flashbulb Imports

Imports into Mexico

After four years of growth, supplies from abroad of photographic flashbulbs and flashcubes decreased by -11.1% to X units in 2021. Over the period under review, imports, however, saw buoyant growth. The most prominent rate of growth was recorded in 2014 with an increase of 398% against the previous year. Over the period under review, imports attained the peak figure at X units in 2020, and then dropped in the following year.

In value terms, photographic flashbulb imports dropped markedly to $X in 2021. Overall, imports showed a mild slump. The growth pace was the most rapid in 2019 when imports increased by 147% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United Arab Emirates (X units) constituted the largest photographic flashbulb supplier to Mexico, with a 56% share of total imports. Moreover, photographic flashbulb imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X units), twofold.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+0.5% per year) and the United States (+23.6% per year).

In value terms, the United States ($X) constituted the largest supplier of photographic flashbulbs and flashcubes to Mexico, comprising 66% of total imports. The second position in the ranking was held by China ($X), with a 26% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.9% per year) and the United Arab Emirates (0.0% per year).

Import Prices by Country

In 2021, the average photographic flashbulb import price amounted to $X per unit, shrinking by -10% against the previous year. Over the period under review, the import price recorded a deep setback. The pace of growth was the most pronounced in 2016 an increase of 352%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for the United Arab Emirates ($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 (-9.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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