Mexico: Lamp Plastic Parts Market 2025

Lamp Plastic Parts Market Size in Mexico

In 2021, the Mexican lamp plastic parts market decreased by -19.9% to $X, falling for the eighth consecutive year after two years of growth. In general, consumption recorded a deep setback. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Lamp Plastic Parts Production in Mexico

In value terms, lamp plastic parts production reduced to $X in 2021 estimated in export price. Over the period under review, production showed a deep downturn. The growth pace was the most rapid in 2019 with an increase of 288% against the previous year. Lamp plastic parts production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Lamp Plastic Parts Exports

Exports from Mexico

In 2021, overseas shipments of plastic parts for lamps and lighting fittings increased by 281% to X tons, rising for the second year in a row after seven years of decline. In general, exports, however, recorded a relatively flat trend pattern. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, lamp plastic parts exports rose to $X in 2021. The total export value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 19%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for lamp plastic parts exports from Mexico, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States was relatively modest.

In value terms, the United States ($X) also remains the key foreign market for plastic parts for lamps and lighting fittings exports from Mexico.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +2.6%.

Export Prices by Country

In 2021, the average lamp plastic parts export price amounted to $X per ton, falling by -72.6% against the previous year. Over the period under review, the export price, however, showed pronounced growth. The pace of growth was the most pronounced in 2016 an increase of 108%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +3.0% per year.

Lamp Plastic Parts Imports

Imports into Mexico

In 2021, overseas purchases of plastic parts for lamps and lighting fittings were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 56% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, lamp plastic parts imports surged to $X in 2021. In general, total imports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 55%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

The United States (X tons) and China (X tons) were the main suppliers of lamp plastic parts imports to Mexico.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +18.8%).

In value terms, the United States ($X) constituted the largest supplier of plastic parts for lamps and lighting fittings to Mexico, comprising 65% of total imports. The second position in the ranking was taken by China ($X), with a 32% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +1.1%.

Import Prices by Country

In 2021, the average lamp plastic parts import price amounted to $X per ton, surging by 4% against the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. The pace of growth appeared the most rapid in 2013 an increase of 16% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was the United States ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.7%).

Source: IndexBox Platform

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