Report Update Nov 1, 2024

Venezuela - Tungsten Halogen Lamps - Market Analysis, Forecast, Size, Trends and Insights

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Venezuela: Tungsten Halogen Lamp Market 2024

Tungsten Halogen Lamp Market Size in Venezuela

In 2021, the Venezuelan tungsten halogen lamp market increased by 120% to $X, rising for the third consecutive year after two years of decline. Overall, consumption, however, showed a dramatic setback. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Tungsten Halogen Lamp Exports

Exports from Venezuela

In 2021, approx. X units of tungsten halogen lamps were exported from Venezuela; with an increase of 7.8% against the previous year. In general, exports, however, saw a deep setback. The most prominent rate of growth was recorded in 2018 when exports increased by 4,461%. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, tungsten halogen lamp exports soared to $X in 2021. Overall, exports, however, showed a pronounced reduction. The growth pace was the most rapid in 2018 when exports increased by 4,326%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

The Dominican Republic (X units) was the main destination for tungsten halogen lamp exports from Venezuela, with a approx. 361% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of volume to the Dominican Republic totaled +34.1%.

In value terms, the Dominican Republic ($X) also remains the key foreign market for tungsten halogen lamps exports from Venezuela.

From 2012 to 2020, the average annual rate of growth in terms of value to the Dominican Republic totaled +28.8%.

Export Prices by Country

The average tungsten halogen lamp export price stood at $X per unit in 2020, picking up by 162% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 164%. The export price peaked at $X per unit in 2012; afterwards, it flattened through to 2020.

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

From 2012 to 2020, the rate of growth in terms of prices for the Dominican Republic amounted to -3.9% per year.

Tungsten Halogen Lamp Imports

Imports into Venezuela

In 2021, supplies from abroad of tungsten halogen lamps increased by 164% to X units, rising for the third year in a row after two years of decline. In general, imports, however, showed a sharp decline. The pace of growth appeared the most rapid in 2020 when imports increased by 179% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, tungsten halogen lamp imports soared to $X in 2021. Overall, imports, however, recorded a sharp setback. The growth pace was the most rapid in 2020 when imports increased by 84%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2020, China (X units) constituted the largest tungsten halogen lamp supplier to Venezuela, with a 37% share of total imports. Moreover, tungsten halogen lamp imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. The third position in this ranking was taken by Chile (X units), with a 1.2% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from China stood at -19.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-29.0% per year) and Chile (+81.3% per year).

In value terms, China ($X) constituted the largest supplier of tungsten halogen lamps to Venezuela, comprising 83% of total imports. The second position in the ranking was held by the United States ($X), with an 8.6% share of total imports. It was followed by Chile, with a 1.9% share.

From 2012 to 2020, the average annual growth rate of value from China totaled -17.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-23.8% per year) and Chile (+78.6% per year).

Import Prices by Country

The average tungsten halogen lamp import price stood at $X per unit in 2020, reducing by -33.9% against the previous year. Overall, the import price, however, enjoyed buoyant growth. The growth pace was the most rapid in 2013 an increase of 177% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2020, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Chile ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Hungary (+107.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tungsten halogen lamps in the world?

The countries with the highest volumes of tungsten halogen lamp consumption in 2020 were China, the U.S. and India, together accounting for 51% of global consumption. Italy, Japan, France, Mexico, Germany, South Korea, Spain, Vietnam, Thailand and Poland lagged somewhat behind, together comprising a further 30%.

What are the largest producers of tungsten halogen lamps in the world?

China remains the largest tungsten halogen lamp producing country worldwide, comprising approx. 42% of total volume. Moreover, tungsten halogen lamp production in China exceeded the figures recorded by the second-largest producer, India, fourfold. The third position in this ranking was occupied by the U.S., with a 8.7% share.

What are the leading suppliers of tungsten halogen lamps to Venezuela?

In value terms, Hungary constituted the largest supplier of tungsten halogen lamp to Venezuela, comprising 75% of total imports. The second position in the ranking was occupied by China, with a 19% share of total imports.

What are the leading importers of tungsten halogen lamps from Venezuela?

In value terms, the Dominican Republic remains the key foreign market for tungsten halogen lamp exports from Venezuela.

What is the average export price for tungsten halogen lamps in Venezuela?

In 2020, the average tungsten halogen lamp export price amounted to $1 per unit, waning by -68.5% against the previous year.

What is the average import price for tungsten halogen lamps in Venezuela?

In 2020, the average tungsten halogen lamp import price amounted to $1.6 per unit, dropping by -7.2% against the previous year.

This report provides an in-depth analysis of the tungsten halogen lamp market in Venezuela. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 27401250 - Tungsten halogen filament lamps for motorcycles and motor vehicles (excluding ultraviolet and infrared lamps)
Prodcom 27401293 - Tungsten halogen filament lamps, for a voltage > .100 V (excluding ultraviolet and infra-red lamps, for motorcycles and motor vehicles)
Prodcom 27401295 - Tungsten halogen filament lamps for a voltage . .100 V (excluding ultraviolet and infrared lamps, for motorcycles and motor vehicles)

Country coverage:

Venezuela

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Venezuela
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023