
China - Special-Purpose Electric Lamps and Lighting Fittings - Market Analysis, Forecast, Size, Trends and Insights
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China's Special-Purpose Electric Lamp Exports Skyrocket to $17B
IndexBox has just published a new report: 'China - Special-Purpose Electric Lamps and Lighting Fittings - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
China's Special-Purpose Electric Lamp Exports
Over the past decade, China boosted exports of special-purpose electric lamps and lighting fittings from $3.5B in 2010 to $17.4B in 2020. In physical terms, supplies grew from 557M units to 1.6B units (IndexBox estimates). This product group comprises electric searchlights, medical and stage spotlights, and electric lamps other than table, desk and floor ones.
The U.S. (375M units), with a 23% share of total volume, was the main destination for exports of special-purpose electric lamps and lighting fittings from China. Moreover, exports to the U.S. exceeded the supplies sent to the second major destination, Germany (72M units), fivefold. The third position in this ranking was occupied by Vietnam (62M units), with a 3.8% share.
In value terms, the U.S. ($4.3B) remains the key foreign market for special-purpose electric lamps and lighting fittings exported from China, comprising 25% of total supplies. The second position in the ranking was occupied by Germany ($845M), with a 4.9% share of total exports. It was followed by Vietnam, with a 4.1% share.
From 2010 to 2020, the average annual rate of growth in terms of value to the U.S. amounted to +17.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+12.3% per year) and Vietnam (+56.7% per year).
Source: IndexBox Platform
This report provides an in-depth analysis of the market for special-purpose electric lamp and lighting fitting in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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