MERCOSUR: Electric Filament Lamp Market 2024

Electric Filament Lamp Market Size in MERCOSUR

In 2021, the MERCOSUR electric filament lamp market increased by 4.1% to $X, rising for the second year in a row after seven years of decline. In general, consumption, however, continues to indicate a deep contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Electric Filament Lamp Production in MERCOSUR

In value terms, electric filament lamp production reduced to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt setback. The pace of growth appeared the most rapid in 2019 with an increase of 219%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Electric Filament Lamp Exports

Exports in MERCOSUR

Electric filament lamp exports surged to X units in 2021, rising by 20% against the previous year's figure. In general, exports, however, showed a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of 85%. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, electric filament lamp exports surged to $X in 2021. Overall, exports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 81% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Chile represented the largest exporter of electric filament lamps in MERCOSUR, with the volume of exports reaching X units, which was near 74% of total exports in 2021. Brazil (X units) held the second position in the ranking, distantly followed by Colombia (X units). All these countries together took near 22% share of total exports. Argentina (X units) held a little share of total exports.

Chile was also the fastest-growing in terms of the electric filament lamps exports, with a CAGR of +12.5% from 2012 to 2021. At the same time, Argentina (+10.8%) displayed positive paces of growth. By contrast, Brazil (-16.4%) and Colombia (-28.9%) illustrated a downward trend over the same period. While the share of Chile (+63 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Brazil (-16.9 p.p.) and Colombia (-49.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) remains the largest electric filament lamp supplier in MERCOSUR, comprising 83% of total exports. The second position in the ranking was taken by Brazil ($X), with a 13% share of total exports. It was followed by Colombia, with a 1.9% share.

In Chile, electric filament lamp exports increased at an average annual rate of +12.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Brazil (-17.6% per year) and Colombia (-35.1% per year).

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per unit, picking up by 6.7% against the previous year. Over the last nine years, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2015 an increase of 22% against the previous year. The level of export peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

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 Chile ($X per unit), while Colombia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+0.4%), while the other leaders experienced a decline in the export price figures.

Electric Filament Lamp Imports

Imports in MERCOSUR

In 2021, approx. X units of electric filament lamps were imported in MERCOSUR; with an increase of 5.3% against the year before. Over the period under review, imports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2020 when imports increased by 20%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, electric filament lamp imports surged to $X in 2021. In general, imports, however, showed a drastic downturn. Over the period under review, imports attained the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Brazil (X units), distantly followed by Chile (X units), Venezuela (X units), Colombia (X units), Peru (X units) and Argentina (X units) represented the key importers of electric filament lamps, together committing 87% of total imports. Guyana (X units) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Guyana (with a CAGR of +7.3%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest electric filament lamp importing markets in MERCOSUR were Brazil ($X), Chile ($X) and Peru ($X), together accounting for 67% of total imports. Argentina, Venezuela, Colombia and Guyana lagged somewhat behind, together comprising a further 26%.

Guyana, with a CAGR of +8.3%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in MERCOSUR stood at $X per unit in 2021, increasing by 11% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the import price increased by 22% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guyana (+1.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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