Fluorescent Discharge Lamps Market

The global market for fluorescent discharge lamps is experiencing a decline in both consumption and production, with an anticipated negative growth rate for the coming years. China dominates both consumption and production of fluorescent discharge lamps, while the United States and France are major importers and exporters. The article provides comprehensive data on the market performance, consumption trends, production volumes, import and export figures, and average prices of fluorescent discharge lamps worldwide.

Market Forecast

Depressed by shrinking demand for fluorescent discharge lamps worldwide, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -2.1% for the period from 2022 to 2030, which is projected to depress the market volume to 2.6B units by the end of 2030.

In value terms, the market is forecast to contract with an anticipated CAGR of -0.7% for the period from 2022 to 2030, which is projected to bring the market value to $7.2B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Fluorescent Discharge Lamps

In 2022, approx. 3.1B units of fluorescent discharge lamps were consumed worldwide; which is down by -7.4% on the previous year. In general, consumption recorded a deep slump. Over the period under review, global consumption reached the peak volume at 7.2B units in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

The global fluorescent discharge lamps market value reduced to $7.6B in 2022, shrinking by -6.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a deep setback. Global consumption peaked at $16.3B in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Consumption By Country

China (1.3B units) remains the largest fluorescent discharge lamps consuming country worldwide, comprising approx. 42% of total volume. Moreover, fluorescent discharge lamps consumption in China exceeded the figures recorded by the second-largest consumer, the United States (372M units), fourfold. The third position in this ranking was held by India (313M units), with a 10% share.

In China, fluorescent discharge lamps consumption increased at an average annual rate of +3.9% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: the United States (-1.9% per year) and India (-1.9% per year).

In value terms, the United States ($1.9B), Japan ($1.8B) and China ($1.2B) constituted the countries with the highest levels of market value in 2022, together accounting for 65% of the global market.

In terms of the main consuming countries, China, with a CAGR of +3.5%, saw the highest growth rate of market size over the period under review, while market for the other global leaders experienced mixed trends in the market figures.

The countries with the highest levels of fluorescent discharge lamps per capita consumption in 2022 were Poland (1,551 units per 1000 persons), the United States (1,111 units per 1000 persons) and France (1,097 units per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by China (with a CAGR of +3.8%), while consumption for the other global leaders experienced a decline in the per capita consumption figures.

Production

World Production of Fluorescent Discharge Lamps

Global fluorescent discharge lamps production reduced to 3.5B units in 2022, falling by -6.2% on the year before. Over the period under review, production saw a drastic downturn. The pace of growth was the most pronounced in 2018 when the production volume increased by 23% against the previous year. Over the period under review, global production reached the maximum volume at 8.2B units in 2013; however, from 2014 to 2022, production failed to regain momentum.

In value terms, fluorescent discharge lamps production contracted slightly to $6.4B in 2022 estimated in export price. In general, production showed a deep downturn. The pace of growth was the most pronounced in 2021 when the production volume increased by 10% against the previous year. Over the period under review, global production attained the peak level at $14.2B in 2013; however, from 2014 to 2022, production failed to regain momentum.

Production By Country

China (2.2B units) constituted the country with the largest volume of fluorescent discharge lamps production, comprising approx. 64% of total volume. Moreover, fluorescent discharge lamps production in China exceeded the figures recorded by the second-largest producer, India (326M units), sevenfold. The third position in this ranking was taken by the United States (260M units), with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume in China stood at -8.6%. The remaining producing countries recorded the following average annual rates of production growth: India (-1.5% per year) and the United States (+118.3% per year).

Imports

World Imports of Fluorescent Discharge Lamps

In 2022, purchases abroad of fluorescent discharge lamps decreased by -14.3% to 867M units, falling for the ninth consecutive year after two years of growth. Overall, imports showed a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of 8.1%. As a result, imports attained the peak of 5.6B units. From 2014 to 2022, the growth of global imports remained at a lower figure.

In value terms, fluorescent discharge lamps imports contracted notably to $1.6B in 2022. Over the period under review, imports recorded a abrupt slump. The smallest decline of -2% was in 2013. Over the period under review, global imports reached the maximum at $8.7B in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports By Country

In 2022, the United States (121M units), distantly followed by Turkey (41M units) were the major importers of fluorescent discharge lamps, together committing 19% of total imports. France (39M units), Japan (32M units), Indonesia (32M units), Mexico (32M units), Nigeria (31M units), Thailand (30M units), Hong Kong SAR (29M units), the United Arab Emirates (22M units), Taiwan (Chinese) (20M units), Brazil (20M units) and South Korea (20M units) followed a long way behind the leaders.

Imports into the United States decreased at an average annual rate of -14.1% from 2012 to 2022. At the same time, Nigeria (+4.5%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing importer imported in the world, with a CAGR of +4.5% from 2012-2022. By contrast, South Korea (-9.0%), Taiwan (Chinese) (-10.2%), Japan (-10.6%), Thailand (-12.2%), Turkey (-13.0%), Indonesia (-13.1%), Hong Kong SAR (-13.6%), France (-15.2%), Mexico (-15.8%), the United Arab Emirates (-20.1%) and Brazil (-22.9%) illustrated a downward trend over the same period. While the share of the United States (+3.3 p.p.), Nigeria (+3.2 p.p.), Japan (+1.8 p.p.) and Turkey (+1.5 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Brazil (-2.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($187M), France ($105M) and Japan ($62M) constituted the countries with the highest levels of imports in 2022, with a combined 23% share of global imports. Indonesia, Hong Kong SAR, South Korea, the United Arab Emirates, Mexico, Taiwan (Chinese), Nigeria, Thailand, Turkey and Brazil lagged somewhat behind, together comprising a further 18%.

Nigeria, with a CAGR of +7.6%, 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 global leaders experienced a decline in the imports figures.

Import Prices By Country

In 2022, the average fluorescent discharge lamps import price amounted to $1.8 per unit, waning by -1.6% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 7.3% against the previous year. Global import price peaked at $1.8 per unit in 2021, and then dropped slightly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($2.7 per unit), while Turkey ($0.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+4.9%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Fluorescent Discharge Lamps

In 2022, overseas shipments of fluorescent discharge lamps decreased by -9.5% to 1.3B units, falling for the ninth consecutive year after two years of growth. In general, exports faced a deep setback. The most prominent rate of growth was recorded in 2013 with an increase of 6.2%. As a result, the exports attained the peak of 6.6B units. From 2014 to 2022, the growth of the global exports remained at a somewhat lower figure.

In value terms, fluorescent discharge lamps exports reduced dramatically to $1.8B in 2022. Overall, exports faced a abrupt slump. The pace of growth appeared the most rapid in 2013 with an increase of 3.8% against the previous year. As a result, the exports reached the peak of $8.7B. From 2014 to 2022, the growth of the global exports remained at a somewhat lower figure.

Exports By Country

China dominates exports structure, recording 945M units, which was near 76% of total exports in 2022. It was distantly followed by Russia (64M units), creating a 5.1% share of total exports. The following exporters - Poland (55M units), Hong Kong SAR (42M units), France (23M units) and India (20M units) - together made up 11% of total exports.

From 2012 to 2022, average annual rates of growth with regard to fluorescent discharge lamps exports from China stood at -14.9%. At the same time, Russia (+9.6%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in the world, with a CAGR of +9.6% from 2012-2022. By contrast, India (-3.8%), Hong Kong SAR (-10.4%), Poland (-15.4%) and France (-16.5%) illustrated a downward trend over the same period. Russia (+4.7 p.p.) significantly strengthened its position in terms of the global exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($894M) remains the largest fluorescent discharge lamps supplier worldwide, comprising 49% of global exports. The second position in the ranking was taken by Poland ($140M), with a 7.7% share of global exports. It was followed by France, with a 5.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to -15.0%. In the other countries, the average annual rates were as follows: Poland (-11.6% per year) and France (-12.0% per year).

Export Prices By Country

In 2022, the average fluorescent discharge lamps export price amounted to $1.4 per unit, dropping by -7.9% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 26%. Over the period under review, the average export prices reached the maximum at $1.6 per unit in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was France ($4.4 per unit), while Russia ($0.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+5.4%), while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform