Puerto Rico: Electric Lamp Market 2024

Electric Lamp Market Size in Puerto Rico

In 2021, the Puerto Rican electric lamp market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. Over the period under review, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Electric Lamp Production in Puerto Rico

In value terms, electric lamp production totaled $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 19%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Electric Lamp Exports

Exports from Puerto Rico

In 2021, the amount of electric lamps exported from Puerto Rico totaled less than X units, approximately mirroring 2020. Overall, exports continue to indicate a relatively flat trend pattern.

In value terms, electric lamp exports amounted to less than $X in 2021. Over the period under review, exports showed a relatively flat trend pattern.

Exports by Country

China prevails in exports structure, accounting for X units, which was approx. 87% of total exports in 2021. Germany (X units), Poland (X units), Hong Kong SAR (X units), France (X units) and Hungary (X units) held a relatively small share of total exports.

China was also the fastest-growing in terms of the electric lamps exports, with a CAGR of +4.4% from 2012 to 2021. Poland (-4.7%), Germany (-6.4%), France (-7.9%), Hungary (-8.9%) and Hong Kong SAR (-33.2%) illustrated a downward trend over the same period. China (+27 p.p.) significantly strengthened its position in terms of the global exports, while Germany and Hong Kong SAR saw its share reduced by -2.4% and -14.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electric lamp supplier from Puerto Rico, comprising 58% of global exports. The second position in the ranking was taken by Germany ($X), with an 8.1% share of global exports. It was followed by Poland, with a 4.9% share.

In China, electric lamp exports expanded at an average annual rate of +4.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Germany (-3.9% per year) and Poland (-1.2% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per thousand units, approximately reflecting the previous year. In general, the export price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per thousand units), while China ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+29.3%), while the other leaders experienced more modest paces of growth.

Electric Lamp Imports

Imports into Puerto Rico

In 2021, imports of electric lamps into Puerto Rico totaled less than X units, approximately mirroring the previous year's figure. Over the period under review, imports continue to indicate a relatively flat trend pattern.

In value terms, electric lamp imports stood at less than $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern.

Imports by Country

In 2021, the United States (X units), distantly followed by Germany (X units), Russia (X units) and France (X units) represented the key importers of electric lamps, together comprising 36% of total imports. Mexico (X units), Poland (X units), Brazil (X units), the UK (X units), Thailand (X units), China (X units), Italy (X units), Turkey (X units) and the Netherlands (X units) took a minor share of total imports.

Imports into the United States decreased at an average annual rate of -1.5% from 2012 to 2021. At the same time, Russia (+2.5%) and Thailand (+1.7%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing importer imported in the world, with a CAGR of +2.5% from 2012-2021. Poland experienced a relatively flat trend pattern. By contrast, Germany (-1.1%), the Netherlands (-2.3%), Mexico (-2.7%), Italy (-3.9%), the UK (-4.3%), France (-4.9%), Brazil (-6.4%), Turkey (-6.8%) and China (-8.2%) illustrated a downward trend over the same period. The United States (+6.1 p.p.), Russia (+3.2 p.p.), Germany (+2.5 p.p.) and Poland (+1.8 p.p.) significantly strengthened its position in terms of the global imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported electric lamps into Puerto Rico, comprising 22% of global imports. The second position in the ranking was taken by Germany ($X), with a 5.9% share of global imports. It was followed by France, with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States totaled +3.1%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (-1.6% per year) and France (-3.1% per year).

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per thousand units, standing approx. at the previous year. In general, the import price saw a relatively flat trend pattern.

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 the Netherlands ($X per thousand units), while Turkey ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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