Latin America and the Caribbean: Electric Lamp Market 2024

Electric Lamp Market Size in Latin America and the Caribbean

In 2022, after two years of growth, there was decline in the Latin American electric lamp market, when its value decreased by X% to $X. Over the period under review, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the maximum level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Electric Lamp Production in Latin America and the Caribbean

In value terms, electric lamp production rose to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. The level of production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Electric Lamp Exports

Exports in Latin America and the Caribbean

In 2022, approx. X units of electric lamps were exported in Latin America and the Caribbean; falling by X% on the year before. In general, exports faced a dramatic decline. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, electric lamp exports reached $X in 2022. Overall, exports showed a abrupt slump. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Mexico prevails in exports structure, accounting for X units, which was approx. X% of total exports in 2022. Guatemala (X units) ranks second in terms of the total exports with a X% share, followed by Panama (X%), Chile (X%) and El Salvador (X%). The following exporters - Brazil (X units) and Costa Rica (X units) - together made up X% of total exports.

Exports from Mexico decreased at an average annual rate of X% from 2012 to 2022. At the same time, Chile (X%) and Guatemala (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, El Salvador (X%), Brazil (X%), Panama (X%) and Costa Rica (X%) illustrated a downward trend over the same period. While the share of Guatemala (X p.p.), Chile (X p.p.), El Salvador (X p.p.) and Panama (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Costa Rica (X p.p.) and Mexico (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest electric lamp supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Panama ($X), with a X% share of total exports. It was followed by Chile, with a X% share.

In Mexico, electric lamp exports shrank by an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Panama (X% per year) and Chile (X% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, increasing by X% against the previous year. Overall, the export price continues to indicate a resilient increase. The growth pace was the most rapid in 2021 when the export price increased by X%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (X%), while the other leaders experienced more modest paces of growth.

Electric Lamp Imports

Imports in Latin America and the Caribbean

In 2022, the amount of electric lamps imported in Latin America and the Caribbean fell notably to X units, reducing by X% compared with the previous year's figure. In general, imports recorded a pronounced decrease. The growth pace was the most rapid in 2021 when imports increased by X%. As a result, imports attained the peak of X units, and then fell markedly in the following year.

In value terms, electric lamp imports shrank dramatically to $X in 2022. Overall, imports saw a pronounced descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Mexico (X units) was the main importer of electric lamps, creating X% of total imports. Brazil (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Argentina (X%), Chile (X%) and Colombia (X%). The following importers - Peru (X units) and Ecuador (X units) - together made up X% of total imports.

Mexico experienced a relatively flat trend pattern with regard to volume of imports of electric lamps. At the same time, Chile (X%) and Peru (X%) displayed positive paces of growth. Moreover, Chile emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Argentina experienced a relatively flat trend pattern. By contrast, Ecuador (X%), Colombia (X%) and Brazil (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Mexico, Chile, Peru and Argentina increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported electric lamps in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Brazil ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

In Mexico, electric lamp imports decreased by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Argentina (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, rising by X% against the previous year. In general, the import price, however, recorded a slight downturn. The growth pace was the most rapid in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ecuador (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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