Puerto Rico: Market for Residential, Commercial and Industrial Lighting Fixture 2024

Market Size for Residential, Commercial and Industrial Lighting Fixture in Puerto Rico

The Puerto Rican market for residential, commercial and industrial lighting fixture rose markedly to $X in 2021, picking up by 11% against the previous year. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Production of Residential, Commercial and Industrial Lighting Fixture in Puerto Rico

In value terms, production of residential, commercial and industrial lighting fixture stood at $X in 2021 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 16%. Over the period under review, production of attained the peak level at $X in 2015; however, from 2016 to 2021, production stood at a somewhat lower figure.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports from Puerto Rico

In 2021, exports of residential, commercial and industrial lighting fixture from Puerto Rico totaled less than X units, approximately equating the previous year's figure. Over the period under review, exports continue to indicate a relatively flat trend pattern.

In value terms, exports of residential, commercial and industrial lighting fixture totaled less than $X in 2021. In general, exports showed a relatively flat trend pattern.

Exports by Country

China dominates fixture structure, reaching X units, which was near 71% of total exports in 2021. Spain (X units), Germany (X units), the Netherlands (X units), Mexico (X units), Poland (X units), Austria (X units) and Italy (X units) took a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to residential, commercial and industrial lighting fixture exports from China stood at +8.4%. At the same time, the Netherlands (+15.2%), Spain (+12.9%), Poland (+9.0%) and Austria (+2.4%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +15.2% from 2012-2021. Mexico and Germany experienced a relatively flat trend pattern. By contrast, Italy (-3.1%) illustrated a downward trend over the same period. While the share of China (+13 p.p.) increased significantly in terms of the global exports from 2012-2021, the share of Germany (-1.7 p.p.) and Italy (-1.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest residential, commercial and industrial lighting fixture supplier from Puerto Rico, comprising 62% of global exports. The second position in the ranking was held by Germany ($X), with a 4.6% share of global exports. It was followed by Mexico, with a 4.5% share.

In China, exports of residential, commercial and industrial lighting fixture increased at an average annual rate of +19.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+2.6% per year) and Mexico (+5.4% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per thousand units, stabilizing at the previous year. In general, the export price continues to indicate a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Italy ($X per thousand units), while Spain ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.3%), while the other leaders experienced more modest paces of growth.

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports into Puerto Rico

In 2021, approx. less than X units of residential, commercial and industrial lighting fixture were imported into Puerto Rico; approximately equating the previous year's figure. Overall, imports saw a relatively flat trend pattern.

In value terms, imports of residential, commercial and industrial lighting fixture amounted to less than $X in 2021. In general, imports showed a relatively flat trend pattern.

Imports by Country

The United States represented the major importing country with an import of around X units, which reached 30% of total imports. Germany (X units) held the second position in the ranking, followed by France (X units). All these countries together held near 11% share of total imports. Russia (X units), the UK (X units), the Netherlands (X units), Spain (X units), Canada (X units), Poland (X units), Italy (X units), Brazil (X units), Austria (X units) and Belgium (X units) took a relatively small share of total imports.

Imports into the United States increased at an average annual rate of +12.1% from 2012 to 2021. At the same time, Brazil (+14.1%), the Netherlands (+10.8%), Poland (+10.5%), Spain (+10.2%), Austria (+4.0%), the UK (+3.7%), Italy (+3.6%), France (+3.0%), Germany (+1.5%) and Russia (+1.4%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer imported in the world, with a CAGR of +14.1% from 2012-2021. Belgium and Canada experienced a relatively flat trend pattern. From 2012 to 2021, the share of the United States increased by +13 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported residential, commercial and industrial lighting fixture into Puerto Rico, comprising 24% of global imports. The second position in the ranking was held by Germany ($X), with an 8.1% share of global imports. It was followed by France, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States amounted to +5.8%. In the other countries, the average annual rates were as follows: Germany (+5.3% per year) and France (+4.8% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per thousand units, approximately mirroring the previous year. Overall, the import price recorded a relatively flat trend pattern.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per thousand units), while Brazil ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+4.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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