Latin America and the Caribbean: Tungsten Halogen Lamp Market 2024

Tungsten Halogen Lamp Market Size in Latin America and the Caribbean

After three years of decline, the Latin American tungsten halogen lamp market increased by 13% to $X in 2021. Overall, consumption, however, saw a pronounced curtailment. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Tungsten Halogen Lamp Production in Latin America and the Caribbean

In value terms, tungsten halogen lamp production expanded remarkably to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when the production volume increased by 17% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Tungsten Halogen Lamp Exports

Exports in Latin America and the Caribbean

In 2021, shipments abroad of tungsten halogen lamps was finally on the rise to reach X units for the first time since 2012, thus ending a eight-year declining trend. Overall, exports, however, showed a precipitous contraction. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, tungsten halogen lamp exports soared to $X in 2021. Over the period under review, exports, however, faced a sharp downturn. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Mexico dominates exports structure, amounting to X units, which was near 80% of total exports in 2021. It was distantly followed by Brazil (X units) and Panama (X units), together mixing up a 12% share of total exports. El Salvador (X units) followed a long way behind the leaders.

Exports from Mexico decreased at an average annual rate of -23.2% from 2012 to 2021. Brazil (-2.4%), El Salvador (-2.5%) and Panama (-17.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil, El Salvador and Panama increased by +5.1, +2.7 and +2.4 percentage points, respectively.

In value terms, Mexico ($X) remains the largest tungsten halogen lamp supplier in Latin America and the Caribbean, comprising 93% of total exports. The second position in the ranking was held by Brazil ($X), with a 3.2% share of total exports. It was followed by Panama, with a 0.8% share.

In Mexico, tungsten halogen lamp exports contracted by an average annual rate of -21.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Brazil (-5.9% per year) and Panama (-23.7% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2021, which is down by -4.5% 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 2017 an increase of 20% against the previous year. The level of export peaked at $X per unit in 2020, and then reduced slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while El Salvador ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+1.8%), while the other leaders experienced a decline in the export price figures.

Tungsten Halogen Lamp Imports

Imports in Latin America and the Caribbean

In 2021, overseas purchases of tungsten halogen lamps were finally on the rise to reach X units after four years of decline. In general, imports, however, continue to indicate a abrupt curtailment. The volume of import peaked at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, tungsten halogen lamp imports soared to $X in 2021. Overall, imports, however, continue to indicate a deep downturn. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Brazil was the key importer of tungsten halogen lamps in Latin America and the Caribbean, with the volume of imports amounting to X units, which was approx. 60% of total imports in 2021. It was distantly followed by Mexico (X units), generating an 11% share of total imports. Argentina (X units), Chile (X units), Colombia (X units), Guatemala (X units), Paraguay (X units), Peru (X units) and El Salvador (X units) held a minor share of total imports.

From 2012 to 2021, average annual rates of growth with regard to tungsten halogen lamp imports into Brazil stood at +4.9%. At the same time, Paraguay (+7.5%) displayed positive paces of growth. Moreover, Paraguay emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +7.5% from 2012-2021. El Salvador experienced a relatively flat trend pattern. By contrast, Guatemala (-1.1%), Chile (-2.9%), Peru (-3.5%), Colombia (-9.1%), Mexico (-12.8%) and Argentina (-27.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Brazil and Paraguay increased by +41 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest tungsten halogen lamp importing markets in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Chile ($X), together accounting for 74% of total imports. Argentina, Colombia, Peru, Guatemala, Paraguay and El Salvador lagged somewhat behind, together comprising a further 19%.

Guatemala, with a CAGR of +3.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2021, picking up by 5.5% against the previous year. Overall, the import price, however, showed a mild setback. The pace of growth appeared the most rapid in 2018 an increase of 20% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Mexico ($X per unit), while El Salvador ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Argentina (+7.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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