Portable Electric Lamp Market

The global market for portable electric lamps is projected to experience growth in both volume and value terms from 2022 to 2030. Various consumption trends, production volumes, import and export values, and average prices are analyzed for different countries. The United States, China, India, and Nigeria are among the top consumers and importers of portable electric lamps. China dominates the production and exports market, while Germany and Japan are also significant importers. The average global import price per unit dropped slightly in 2022, despite showing overall growth over the past decade. Overall, the portable electric lamp market is expected to continue growing in the coming years.

Market Forecast

Driven by rising demand for portable electric lamp worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +2.1% for the period from 2022 to 2030, which is projected to bring the market volume to 1.7B units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.1% for the period from 2022 to 2030, which is projected to bring the market value to $9B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Portable Electric Lamps

In 2022, consumption of portable electric lamps was finally on the rise to reach 1.5B units after two years of decline. In general, consumption, however, showed a perceptible decrease. Over the period under review, global consumption reached the peak volume at 1.8B units in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

The global portable electric lamp market revenue dropped to $7B in 2022, with a decrease of -4.9% 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, however, continues to indicate a noticeable contraction. Over the period under review, the global market hit record highs at $9.1B in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the United States (238M units), India (152M units) and China (152M units), together accounting for 37% of global consumption. Nigeria, Mexico, Japan, Indonesia, Ghana, the United Arab Emirates, Bangladesh, Djibouti, the UK and Sudan lagged somewhat behind, together comprising a further 25%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Bangladesh (with a CAGR of +17.4%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest portable electric lamp markets worldwide were the United States ($953M), the United Arab Emirates ($488M) and China ($258M), together accounting for 24% of the global market. Ghana, Japan, Nigeria, Sudan, the UK, Indonesia, India, Mexico, Bangladesh and Djibouti lagged somewhat behind, together accounting for a further 13%.

Ghana, with a CAGR of +13.3%, recorded the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of portable electric lamp per capita consumption was registered in Djibouti (25 units per person), followed by the United Arab Emirates (2.9 units per person), Ghana (1 units per person) and the United States (0.7 units per person), while the world average per capita consumption of portable electric lamp was estimated at 0.2 units per person.

From 2012 to 2022, the average annual growth rate of the portable electric lamp per capita consumption in Djibouti amounted to +3.6%. In the other countries, the average annual rates were as follows: the United Arab Emirates (-12.5% per year) and Ghana (+10.8% per year).

Production

World Production of Portable Electric Lamps

In 2022, the amount of portable electric lamps produced worldwide declined modestly to 1.8B units, remaining constant against 2021 figures. Overall, production showed a perceptible contraction. The pace of growth appeared the most rapid in 2015 when the production volume increased by 4.7%. Global production peaked at 2.3B units in 2013; however, from 2014 to 2022, production failed to regain momentum.

In value terms, portable electric lamp production shrank to $6.1B in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 18%. As a result, production reached the peak level of $6.7B. From 2019 to 2022, global production growth remained at a lower figure.

Production By Country

China (1.7B units) constituted the country with the largest volume of portable electric lamp production, comprising approx. 95% of total volume.

In China, portable electric lamp production decreased by an average annual rate of -2.3% over the period from 2012-2022.

Imports

World Imports of Portable Electric Lamps

In 2022, global portable electric lamp imports was estimated at 1.3B units, surging by 8.4% compared with 2021. In general, imports, however, saw a slight downturn. The growth pace was the most rapid in 2018 when imports increased by 47%. Over the period under review, global imports reached the maximum at 1.6B units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, portable electric lamp imports expanded to $3.5B in 2022. The total import value increased at an average annual rate of +2.5% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Over the period under review, global imports reached the peak figure in 2022 and are likely to continue growth in the near future.

Imports By Country

In 2022, the United States (245M units), followed by India (154M units) and Nigeria (85M units) were the largest importers of portable electric lamps, together constituting 37% of total imports. The following importers - Mexico (45M units), Japan (41M units), Ghana (31M units), the United Arab Emirates (29M units), Indonesia (29M units), Germany (28M units), Bangladesh (26M units), Djibouti (25M units), the UK (24M units) and Sudan (24M units) - together made up 23% of total imports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +17.4%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($1B) constitutes the largest market for imported portable electric lamps worldwide, comprising 29% of global imports. The second position in the ranking was held by Germany ($236M), with a 6.7% share of global imports. It was followed by Japan, with a 4.5% share.

In the United States, portable electric lamp imports increased at an average annual rate of +5.7% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+4.2% per year) and Japan (+1.0% per year).

Import Prices By Country

In 2022, the average portable electric lamp import price amounted to $2.7 per unit, dropping by -4.1% against the previous year. Overall, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, portable electric lamp import price increased by +26.4% against 2019 indices. The pace of growth was the most pronounced in 2015 when the average import price increased by 62% against the previous year. Global import price peaked at $3.1 per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($8.5 per unit), while India ($0.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+15.2%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Portable Electric Lamps

In 2022, overseas shipments of portable electric lamps increased by 5.4% to 1.7B units, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, saw a pronounced decrease. The global exports peaked at 2.1B units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, portable electric lamp exports totaled $4.1B in 2022. The total export value increased at an average annual rate of +1.1% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 21% against the previous year. Over the period under review, the global exports hit record highs in 2022 and are likely to see steady growth in years to come.

Exports By Country

In 2022, China (1.6B units) was the main exporter of portable electric lamps in the world, committing 94% of total export.

China was also the fastest-growing in terms of the portable electric lamps exports, with a CAGR of -2.0% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($3.1B) also remains the largest portable electric lamp supplier worldwide.

In China, portable electric lamp exports expanded at an average annual rate of +1.2% over the period from 2012-2022.

Export Prices By Country

In 2022, the average portable electric lamp export price amounted to $2.5 per unit, rising by 3.8% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The growth pace was the most rapid in 2021 an increase of 16% against the previous year. The global export price peaked in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +3.3% per year.

Source: IndexBox Market Intelligence Platform