Venezuela: Market for Special-Purpose Electric Lamps and Lighting Fittings 2025

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

In 2022, after three years of growth, there was significant decline in the Venezuelan market for special-purpose electric lamps and lighting fittings, when its value decreased by -23% to $X. In general, consumption, however, continues to indicate a slight expansion. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Exports of Special-Purpose Electric Lamps and Lighting Fittings

Exports from Venezuela

In 2022, overseas shipments of special-purpose electric lamps and lighting fittings were finally on the rise to reach X units for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, recorded a precipitous slump. The growth pace was the most rapid in 2013 when exports increased by 415% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of special-purpose electric lamps and lighting fittings skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a precipitous decline. The growth pace was the most rapid in 2016 with an increase of 367%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Grenada (X units) was the main destination for exports of special-purpose electric lamps and lighting fittings from Venezuela, accounting for a approx. 4.2% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Grenada amounted to -59.2%.

In value terms, Grenada ($X) also remains the key foreign market for special-purpose electric lamps and lighting fittings exports from Venezuela.

From 2012 to 2022, the average annual growth rate of value to Grenada stood at -62.9%.

Export Prices by Country

In 2022, the average export price for special-purpose electric lamps and lighting fittings amounted to $X per unit, dropping by -2.8% against the previous year. Overall, the export price, however, continues to indicate a measured increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 97%. The export price peaked at $X per unit in 2021, and then shrank in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for France amounted to +32.7% per year.

Imports of Special-Purpose Electric Lamps and Lighting Fittings

Imports into Venezuela

In 2022, after three years of growth, there was significant decline in purchases abroad of special-purpose electric lamps and lighting fittings, when their volume decreased by -22% to X units. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 129% against the previous year. Imports peaked at X units in 2021, and then contracted significantly in the following year.

In value terms, imports of special-purpose electric lamps and lighting fittings dropped sharply to $X in 2022. In general, imports, however, showed a measured increase. The pace of growth appeared the most rapid in 2015 when imports increased by 137% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main supplier of special-purpose electric lamp and lighting fitting to Venezuela, with a 99% share of total imports. It was followed by the United States (X units), with a 0.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +2.1%.

In value terms, China ($X) constituted the largest supplier of special-purpose electric lamps and lighting fittings to Venezuela, comprising 97% of total imports. The second position in the ranking was held by the United States ($X), with a 0.6% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +8.5%.

Import Prices by Country

The average import price for special-purpose electric lamps and lighting fittings stood at $X per unit in 2022, dropping by -1.8% against the previous year. Over the period under review, the import price, however, continues to indicate modest growth. The pace of growth appeared the most rapid in 2015 an increase of 42%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices failed to regain momentum.

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 the United States ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.3%).

Source: IndexBox Platform

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