Peru: Electric Lamp Market 2024

Electric Lamp Market Size in Peru

In 2022, after two years of growth, there was significant decline in the Peruvian electric lamp market, when its value decreased by X% to $X. Over the period under review, consumption showed a mild curtailment. Electric lamp consumption peaked at $X in 2021, and then shrank remarkably in the following year.

Electric Lamp Exports

Exports from Peru

After two years of growth, shipments abroad of electric lamps decreased by X% to X units in 2022. In general, exports, however, recorded a remarkable increase. The pace of growth appeared the most rapid in 2018 when exports increased by X%. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, electric lamp exports reduced to $X in 2022. Over the period under review, exports, however, showed noticeable growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Ecuador (X units) was the main destination for electric lamp exports from Peru, with a X% share of total exports. Moreover, electric lamp exports to Ecuador exceeded the volume sent to the second major destination, El Salvador (X units), more than tenfold. The third position in this ranking was taken by Uruguay (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Ecuador stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (X% per year) and Uruguay (X% per year).

In value terms, Ecuador ($X) emerged as the key foreign market for electric lamps exports from Peru, comprising X% of total exports. The second position in the ranking was held by Chile ($X), with a X% share of total exports. It was followed by Uruguay, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Ecuador totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (X% per year) and Uruguay (X% per year).

Export Prices by Country

The average electric lamp export price stood at $X per unit in 2022, flattening at the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Guatemala ($X per unit), while the average price for exports to Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Electric Lamp Imports

Imports into Peru

In 2022, overseas purchases of electric lamps decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports, however, enjoyed noticeable growth. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X units, and then shrank rapidly in the following year.

In value terms, electric lamp imports shrank significantly to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at $X in 2021, and then declined rapidly in the following year.

Imports by Country

In 2022, Argentina (X units) constituted the largest electric lamp supplier to Peru, with a X% share of total imports. Moreover, electric lamp imports from Argentina exceeded the figures recorded by the second-largest supplier, Ecuador (X units), twofold. Poland (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Argentina totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (X% per year) and Poland (X% per year).

In value terms, Argentina ($X) constituted the largest supplier of electric lamps to Peru, comprising X% of total imports. The second position in the ranking was held by Ecuador ($X), with an X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Argentina stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Ecuador (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average electric lamp import price amounted to $X per unit, growing by X% against the previous year. Overall, the import price, however, showed a pronounced contraction. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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