Brazil: Market for Residential, Commercial and Industrial Lighting Fixture 2023

Market Size for Residential, Commercial and Industrial Lighting Fixture in Brazil

After five years of growth, the Brazilian market for residential, commercial and industrial lighting fixture decreased by -0.5% to $X in 2021. Overall, consumption recorded a perceptible decline. Consumption of peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Production of Residential, Commercial and Industrial Lighting Fixture in Brazil

In value terms, production of residential, commercial and industrial lighting fixture shrank modestly to $X in 2021 estimated in export price. Overall, production saw a pronounced shrinkage. The growth pace was the most rapid in 2018 when the production volume increased by 7.6%. Over the period under review, production of attained the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports from Brazil

In 2021, the amount of residential, commercial and industrial lighting fixture exported from Brazil skyrocketed to X units, with an increase of 45% compared with the previous year's figure. In general, exports continue to indicate a relatively flat trend pattern. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of residential, commercial and industrial lighting fixture skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a deep slump. Over the period under review, the exports of attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for exports of residential, commercial and industrial lighting fixture from Brazil, with a 52% share of total exports. Moreover, exports of residential, commercial and industrial lighting fixture to the United States exceeded the volume sent to the second major destination, Paraguay (X units), twofold. Trinidad and Tobago (X units) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Paraguay (+0.6% per year) and Trinidad and Tobago (+152.9% per year).

In value terms, the United States ($X), Paraguay ($X) and Uruguay ($X) constituted the largest markets for residential, commercial and industrial lighting fixture exported from Brazil worldwide, together accounting for 63% of total exports. These countries were followed by Trinidad and Tobago, Bolivia, Chile and Congo, which together accounted for a further 13%.

Trinidad and Tobago, with a CAGR of +103.4%, saw the highest growth rate of the value of exports, among the main countries of destination 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 residential, commercial and industrial lighting fixture stood at $X per unit in 2021, picking up by 2.3% against the previous year. Overall, the export price, however, showed a abrupt slump. The growth pace was the most rapid in 2016 when the average export price increased by 19% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Chile ($X per unit), while the average price for exports to the United States ($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 Congo (+16.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports into Brazil

In 2021, imports of residential, commercial and industrial lighting fixture into Brazil expanded rapidly to X units, surging by 11% against 2020. In general, imports recorded a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of 36% against the previous year. Over the period under review, imports of attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of residential, commercial and industrial lighting fixture soared to $X in 2021. Overall, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +9.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) was the main residential, commercial and industrial lighting fixture supplier to Brazil, with a 96% share of total imports. Moreover, imports of residential, commercial and industrial lighting fixture from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +14.3%.

In value terms, China ($X) constituted the largest supplier of residential, commercial and industrial lighting fixture to Brazil, comprising 93% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 3.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +12.1%.

Import Prices by Country

In 2021, the average import price for residential, commercial and industrial lighting fixture amounted to $X per unit, with an increase of 33% against the previous year. Over the period under review, the import price, however, showed a pronounced shrinkage. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was China ($X per unit), while the price for Hong Kong SAR totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-2.0%).

Source: IndexBox Market Intelligence Platform

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