Peru: Fluorescent Discharge Lamps Market 2024

Fluorescent Discharge Lamps Market Size in Peru

For the sixth consecutive year, the Peruvian fluorescent discharge lamps market recorded decline in sales value, which decreased by -9.3% to $X in 2021. In general, consumption showed a deep contraction. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Fluorescent Discharge Lamps Exports

Exports from Peru

Fluorescent discharge lamps exports from Peru dropped sharply to X units in 2021, with a decrease of -35.4% on the previous year's figure. In general, exports showed a sharp shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 273% 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, fluorescent discharge lamps exports reduced rapidly to $X in 2021. Over the period under review, exports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2018 with an increase of 166% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Chile (X units), Panama (X units) and Nicaragua (X units) were the main destinations of fluorescent discharge lamps exports from Peru, with a combined 98% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Panama (with a CAGR of +5.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X), Panama ($X) and Ecuador ($X) were the largest markets for fluorescent discharge lamps exported from Peru worldwide, with a combined 95% share of total exports.

Among the main countries of destination, Panama, with a CAGR of +29.1%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average fluorescent discharge lamps export price amounted to $X per unit, shrinking by -6.6% against the previous year. Over the period under review, the export price saw a noticeable contraction. The growth pace was the most rapid in 2019 when the average export price increased by 66%. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Ecuador ($X per unit), while the average price for exports to El Salvador ($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 Ecuador (+31.9%), while the prices for the other major destinations experienced more modest paces of growth.

Fluorescent Discharge Lamps Imports

Imports into Peru

For the fourth year in a row, Peru recorded decline in overseas purchases of fluorescent discharge lamps, which decreased by -30.2% to X units in 2021. Overall, imports recorded a sharp descent. The pace of growth appeared the most rapid in 2013 when imports increased by 19% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, fluorescent discharge lamps imports contracted to $X in 2021. In general, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 15% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest fluorescent discharge lamps supplier to Peru, with a 73% share of total imports. Moreover, fluorescent discharge lamps imports from China exceeded the figures recorded by the second-largest supplier, Belgium (X units), sixfold. Poland (X units) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (-12.5% per year) and Poland (-15.7% per year).

In value terms, China ($X) constituted the largest supplier of fluorescent discharge lamps to Peru, comprising 89% of total imports. The second position in the ranking was taken by the United States ($X), with a 1.9% share of total imports. It was followed by Belgium, with a 1.7% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-25.0% per year) and Belgium (-23.3% per year).

Import Prices by Country

In 2021, the average fluorescent discharge lamps import price amounted to $X per unit, growing by 41% against the previous year. Overall, the import price continues to indicate strong growth. The pace of growth appeared the most rapid in 2016 when the average import price increased by 55% against the previous year. The import price peaked 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, the country with the highest price was China ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+32.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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