Which Country Imports the Most Ballasts For Discharge Lamps in the World?

Electric Motors And Generators May 28, 2018
Author: Sergey Avramenko
Head of Global Markets Research Team

Which Country Imports the Most Ballasts For Discharge Lamps in the World?

IndexBox has just published a new report "World: Ballasts For Discharge Lamps Or Tubes - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.

In 2016, the amount of ballast for discharge lamp imported worldwide stood at 4.2M tonnes, coming up by 4% against the previous year level. In general, ballast for discharge lamp imports continue to indicate a slight drop. The growth pace was the most rapid in 2014, when imports increased by 17% from the previous year level. In that year, global ballast for discharge lamp imports attained its maximum volume of 4.8M tonnes. From 2015 to 2016, growth of global ballast for discharge lamp imports failed to regain its strength.

In value terms, ballast for discharge lamp imports totaled $88B in 2016. The total import value increased at an average annual rate of +2.6% from 2007 to 2016- the trend pattern indicated some noticeable fluctuations in certain years. Global ballast for discharge lamp import peaked of $97B in 2014- however, from 2015 to 2016, it failed to regain its strength.

Top Ballast For Discharge Lamp Importing Countries in the World

1. China, Hong Kong SAR (8.4 billion USD)

2. Germany (5.5 billion USD)

3. Japan (3.1 billion USD)

4. Netherlands (2.4 billion USD)

5. France (2.2 billion USD)

6. South Korea (2.1 billion USD)

7. United Kingdom (2.0 billion USD)

8. Italy (1.5 billion USD)

9. Spain (1.1 billion USD)

10. Turkey (0.8 billion USD)

11. Hungary (0.7 billion USD)

12. Philippines (0.5 billion USD)

Ballast For Discharge Lamp Imports By Country

The countries with the highest levels of ballast for discharge lamp imports in 2016 were the Netherlands (302K tonnes), Spain (298K tonnes), Italy (275K tonnes), Germany (244K tonnes), South Korea (241K tonnes), China, Hong Kong SAR (233K tonnes), the Philippines (188K tonnes), France (157K tonnes), Turkey (131K tonnes), Japan (114K tonnes), Hungary (111K tonnes), and the UK (107K tonnes), together reaching 57% of total import.

From 2007 to 2016, the most notable growth rate of ballast for discharge lamp imports, among the main importing countries, was attained by the Netherlands (+18.2% per year), while the other global leaders experienced more modest paces of growth.

In value terms, China, Hong Kong SAR ($8.4B), Germany ($5.5B) and Japan ($3.1B) were the countries with the highest levels of imports in 2016, together accounting for 19% of global imports.The Netherlands, France, South Korea, the UK, Italy, Spain, Turkey, Hungary and the Philippines lagged somewhat behind, together accounting for a further 15%.

The Philippines (+8.3% per year) had the highest growth rate of ballast for discharge lamp imports, in terms of the main importing countries, over the last 9 year period, while the other global leaders experienced more modest paces of growth.

Ballast For Discharge Lamp Import Prices By Country

The average ballast for discharge lamp import price stood at $21 per kg in 2016, shrinking by -6.2% against the previous year. Over the last nine years it increased at an average annual rate of +3.7%.The pace of growth appeared the most rapid in 2010, when import increased by 28% y-o-y. Over the period under review, average ballast for discharge lamp import price reached its maximum level of $24 per kg in 2013- however, from 2014 to 2016, it stood at a somewhat lower level.

There were significant differences in the average import prices amongst major importing countries. In 2016, the country with the highest import prices was China, Hong Kong SAR ($36 per kg), while the Philippines ($2,512 per tonne) was among the lowest.

From 2007 to 2016, the most notable growth rate of ballast for discharge lamp import prices was attained by China, Hong Kong SAR (+9.7% per year), while the other global leaders experienced more modest paces of growth.

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All data provided in this article covers the following product: HS Code 8504 - Electric transformers, static converters (e.g. rectifiers) and inductors.

Source: World: Ballasts For Discharge Lamps Or Tubes - Market Report. Analysis and Forecast to 2025