Puerto Rico: Tungsten Halogen Lamp Market 2024

Tungsten Halogen Lamp Market Size in Puerto Rico

In 2021, the Puerto Rican tungsten halogen lamp market was finally on the rise to reach $X after three years of decline. In general, consumption, however, continues to indicate a relatively flat trend pattern. Puerto Rico consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Tungsten Halogen Lamp Production in Puerto Rico

In value terms, tungsten halogen lamp production skyrocketed to $X in 2021 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the production volume increased by 58% against the previous year. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Tungsten Halogen Lamp Exports

Exports from Puerto Rico

In 2021, approx. less than X units of tungsten halogen lamps were exported from Puerto Rico; approximately reflecting the year before. Overall, exports recorded a relatively flat trend pattern.

In value terms, tungsten halogen lamp exports stood at less than $X in 2021. In general, exports showed a relatively flat trend pattern.

Exports by Country

China was the main exporting country with an export of around X units, which finished at 42% of total exports. Germany (X units) held the second position in the ranking, distantly followed by Hungary (X units). All these countries together held approx. 25% share of total exports. Poland (X units), France (X units), South Korea (X units), Spain (X units), Slovakia (X units), Taiwan (Chinese) (X units), the United States (X units), the Netherlands (X units) and Mexico (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +3.8% from 2012 to 2021. At the same time, Taiwan (Chinese) (+21.1%), Spain (+11.0%) and Slovakia (+8.7%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in the world, with a CAGR of +21.1% from 2012-2021. Hungary experienced a relatively flat trend pattern. By contrast, South Korea (-5.3%), Germany (-8.8%), the Netherlands (-10.4%), Poland (-13.1%), the United States (-13.4%), France (-17.1%) and Mexico (-23.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, Hungary, Spain and Slovakia increased by +22, +2.6, +2.2 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and Poland ($X) were the countries with the highest levels of exports in 2021, together comprising 63% of total exports. The United States, France, Hungary, South Korea, Slovakia, the Netherlands, Taiwan (Chinese), Mexico and Spain lagged somewhat behind, together accounting for a further 23%.

In terms of the main exporting countries, Slovakia, with a CAGR of +17.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Puerto Rico stood at less than $X per thousand units in 2021, remaining constant against the previous year. Overall, the export price showed a relatively flat trend pattern.

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 the United States ($X per thousand units), while Spain ($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 (+10.1%), while the other leaders experienced more modest paces of growth.

Tungsten Halogen Lamp Imports

Imports into Puerto Rico

In 2021, approx. less than X units of tungsten halogen lamps were imported into Puerto Rico; approximately equating 2020 figures. Overall, imports showed a relatively flat trend pattern.

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

Imports by Country

The countries with the highest levels of tungsten halogen lamp imports in 2021 were the United States (X units), Brazil (X units), France (X units), Germany (X units), Russia (X units), the UK (X units), Indonesia (X units), Spain (X units), Poland (X units), Romania (X units), Slovakia (X units) and South Korea (X units), together accounting for 59% of total import. Belgium (X units) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Slovakia (with a CAGR of +5.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and France ($X) constituted the countries with the highest levels of imports in 2021, with a combined 29% share of total imports. These countries were followed by the UK, Poland, Slovakia, Brazil, Russia, Belgium, South Korea, Spain, Romania and Indonesia, which together accounted for a further 27%.

Slovakia, with a CAGR of +7.1%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Puerto Rico amounted to less than $X per thousand units, approximately equating the previous year. In general, the import price continues to indicate 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 Germany ($X per thousand units), while Indonesia ($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 UK (+5.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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