Peru: Market for Special-Purpose Electric Lamps and Lighting Fittings 2024

Market Size for Special-Purpose Electric Lamps and Lighting Fittings in Peru

The Peruvian market for special-purpose electric lamps and lighting fittings reduced to $X in 2022, dropping by -12.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, enjoyed measured growth. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Exports of Special-Purpose Electric Lamps and Lighting Fittings

Exports from Peru

In 2022, shipments abroad of special-purpose electric lamps and lighting fittings decreased by -1.9% to X units, falling for the third consecutive year after two years of growth. Overall, exports, however, recorded a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 757% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of special-purpose electric lamps and lighting fittings totaled $X in 2022. In general, exports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 637% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Ecuador (X units), Chile (X units) and Uruguay (X units) were the main destinations of exports of special-purpose electric lamps and lighting fittings from Peru, together accounting for 72% of total exports. Spain, Mexico, Colombia, Argentina and Bolivia lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2022, the biggest increases were recorded for Argentina (with a CAGR of +39.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X), Chile ($X) and Uruguay ($X) constituted the largest markets for special-purpose electric lamp and lighting fitting exported from Peru worldwide, with a combined 65% share of total exports. Colombia, Argentina, Mexico, Spain and Bolivia lagged somewhat behind, together accounting for a further 34%.

In terms of the main countries of destination, Spain, with a CAGR of +49.2%, 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 more modest paces of growth.

Export Prices by Country

The average export price for special-purpose electric lamps and lighting fittings stood at $X per unit in 2022, increasing by 4.3% against the previous year. Overall, the export price, however, showed a pronounced curtailment. The pace of growth appeared the most rapid in 2017 an increase of 73% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uruguay (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Special-Purpose Electric Lamps and Lighting Fittings

Imports into Peru

In 2022, imports of special-purpose electric lamps and lighting fittings into Peru contracted to X units, declining by -7.8% on the year before. Overall, imports, however, recorded a perceptible expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 183% against the previous year. Over the period under review, imports of hit record highs at X units in 2018; however, from 2019 to 2022, imports failed to regain momentum.

In value terms, imports of special-purpose electric lamps and lighting fittings contracted to $X in 2022. In general, imports, however, showed a measured expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 168% against the previous year. Over the period under review, imports of reached the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of special-purpose electric lamp and lighting fitting to Peru, with a 58% share of total imports. Moreover, imports of special-purpose electric lamps and lighting fittings from China exceeded the figures recorded by the second-largest supplier, Colombia (X units), twofold. Italy (X units) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +7.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+12.0% per year) and Italy (+9.2% per year).

In value terms, China ($X) constituted the largest supplier of special-purpose electric lamps and lighting fittings to Peru, comprising 51% of total imports. The second position in the ranking was taken by Colombia ($X), with a 24% share of total imports. It was followed by the United States, with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +9.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Colombia (+9.5% per year) and the United States (-10.0% per year).

Import Prices by Country

In 2022, the average import price for special-purpose electric lamps and lighting fittings amounted to $X per unit, dropping by -5.5% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average import price increased by 17% against the previous year. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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