Latin America and the Caribbean: Lamp Plastic Parts Market 2024

Lamp Plastic Parts Market Size in Latin America and the Caribbean

In 2022, the Latin American lamp plastic parts market decreased by X% to $X, falling for the third year in a row after two years of growth. In general, consumption continues to indicate a perceptible descent. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Lamp Plastic Parts Production in Latin America and the Caribbean

In value terms, lamp plastic parts production reduced to $X in 2022 estimated in export price. Overall, production saw a noticeable curtailment. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Lamp Plastic Parts Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of plastic parts for lamps and lighting fittings increased by X% to X tons, rising for the third year in a row after seven years of decline. Over the period under review, exports enjoyed a modest expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, lamp plastic parts exports rose rapidly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The biggest shipments were from Mexico (X tons), together accounting for X% of total export.

Mexico was also the fastest-growing in terms of the plastic parts for lamps and lighting fittings exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of Mexico increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) also remains the largest lamp plastic parts supplier in Latin America and the Caribbean.

In Mexico, lamp plastic parts exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Mexico amounted to X% per year.

Lamp Plastic Parts Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of plastic parts for lamps and lighting fittings increased by X% to X tons, rising for the second year in a row after six years of decline. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, lamp plastic parts imports rose rapidly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Mexico represented the key importer of plastic parts for lamps and lighting fittings in Latin America and the Caribbean, with the volume of imports reaching X tons, which was near X% of total imports in 2022. Argentina (X tons) held an X% share (based on physical terms) of total imports, which put it in second place, followed by Brazil (X%). The following importers - Colombia (X tons) and Peru (X tons) - each reached a X% share of total imports.

Mexico experienced a relatively flat trend pattern with regard to volume of imports of plastic parts for lamps and lighting fittings. At the same time, Argentina (X%) and Brazil (X%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Peru experienced a relatively flat trend pattern. By contrast, Colombia (X%) illustrated a downward trend over the same period. Argentina (X p.p.) and Brazil (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In Mexico, lamp plastic parts imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: 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 ton, surging by X% against the previous year. Over the period under review, the import price continues to indicate measured growth. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while Argentina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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