Electric Filament Lamp Parts Market

The global market for electric filament lamp parts is projected to see a growth in consumption with anticipated increases in market volume and value from 2022 to 2030. Consumption levels have fluctuated over the years, with countries like China, Egypt, and India leading in consumption. Production and imports have also shown changes, with China being the largest producer and exporter of electric filament lamp parts. Despite fluctuations in import prices and export volumes, the market is expected to continue on a growth trajectory in the coming years.

Market Forecast

Driven by rising demand for electric filament lamp parts 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 +3.0% for the period from 2022 to 2030, which is projected to bring the market volume to 132K tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.0% for the period from 2022 to 2030, which is projected to bring the market value to $2.7B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Parts For Electric Filament Or Discharge Lamps

In 2022, global electric filament lamp parts consumption stood at 104K tons, approximately reflecting 2021 figures. Overall, consumption, however, recorded a relatively flat trend pattern. Global consumption peaked at 117K tons in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

The global electric filament lamp parts market value skyrocketed to $1.7B in 2022, increasing by 17% 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). Over the period under review, consumption, however, continues to indicate a mild downturn. Global consumption peaked at $1.9B in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (22K tons), Egypt (20K tons) and India (7.4K tons), together comprising 47% of global consumption. Iran, Pakistan, the United States, Indonesia, Bangladesh, Japan and Turkey lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Pakistan (with a CAGR of +19.4%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($652M) led the market, alone. The second position in the ranking was taken by China ($188M). It was followed by Japan.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to -9.5%. The remaining consuming countries recorded the following average annual rates of market growth: China (+3.2% per year) and Japan (-15.7% per year).

The countries with the highest levels of electric filament lamp parts per capita consumption in 2022 were Pakistan (28 kg per 1000 persons), Turkey (20 kg per 1000 persons) and the United States (19 kg per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Pakistan (with a CAGR of +17.2%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Parts For Electric Filament Or Discharge Lamps

In 2022, the amount of parts for electric filament or discharge lamps produced worldwide dropped modestly to 69K tons, waning by -3.2% compared with the previous year's figure. Overall, production showed a pronounced curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 8.5%. Over the period under review, global production hit record highs at 110K tons in 2014; however, from 2015 to 2022, production failed to regain momentum.

In value terms, electric filament lamp parts production shrank slightly to $1.1B in 2022 estimated in export price. In general, production showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when the production volume increased by 9%. Global production peaked at $2B in 2012; however, from 2013 to 2022, production remained at a lower figure.

Production By Country

China (51K tons) remains the largest electric filament lamp parts producing country worldwide, comprising approx. 74% of total volume. Moreover, electric filament lamp parts production in China exceeded the figures recorded by the second-largest producer, the United States (5.7K tons), ninefold. The third position in this ranking was taken by Japan (1.7K tons), with a 2.4% share.

In China, electric filament lamp parts production contracted by an average annual rate of -1.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+12.5% per year) and Japan (-12.1% per year).

Imports

World Imports of Parts For Electric Filament Or Discharge Lamps

Global electric filament lamp parts imports dropped to 75K tons in 2022, falling by -8.7% compared with 2021 figures. In general, imports recorded a mild decline. The pace of growth appeared the most rapid in 2013 with an increase of 12% against the previous year. As a result, imports reached the peak of 97K tons. From 2014 to 2022, the growth of global imports remained at a somewhat lower figure.

In value terms, electric filament lamp parts imports reduced to $679M in 2022. Over the period under review, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 7.6%. Global imports peaked at $1.4B in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports By Country

Egypt represented the key importing country with an import of about 20K tons, which recorded 27% of total imports. India (7.8K tons) held the second position in the ranking, followed by Iran (7.2K tons), Pakistan (6.3K tons) and Indonesia (4.9K tons). All these countries together took near 35% share of total imports. The following importers - Bangladesh (2.7K tons), Turkey (1.6K tons), Germany (1.5K tons) and Vietnam (1.4K tons) - together made up 9.6% of total imports.

From 2012 to 2022, average annual rates of growth with regard to electric filament lamp parts imports into Egypt stood at +3.6%. At the same time, Turkey (+55.8%), Pakistan (+19.2%), Iran (+8.5%) and India (+3.3%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in the world, with a CAGR of +55.8% from 2012-2022. Bangladesh experienced a relatively flat trend pattern. By contrast, Vietnam (-1.4%), Indonesia (-4.3%) and Germany (-6.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Egypt, Pakistan, Iran, India and Turkey increased by +10, +7.1, +5.9, +3.8 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electric filament lamp parts importing markets worldwide were Iran ($67M), India ($52M) and Germany ($51M), together accounting for 25% of global imports. Bangladesh, Pakistan, Indonesia, Vietnam, Egypt and Turkey lagged somewhat behind, together comprising a further 15%.

Turkey, with a CAGR of +29.5%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average electric filament lamp parts import price stood at $8,999 per ton in 2022, reducing by -5.2% against the previous year. Overall, the import price recorded a abrupt setback. The pace of growth appeared the most rapid in 2020 when the average import price increased by 2.9%. Over the period under review, average import prices reached the maximum at $15,774 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Germany ($33,649 per ton), while Egypt ($701 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+0.5%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Parts For Electric Filament Or Discharge Lamps

In 2022, overseas shipments of parts for electric filament or discharge lamps decreased by -19.4% to 40K tons, falling for the fifth year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2013 when exports increased by 11% against the previous year. As a result, the exports reached the peak of 87K tons. From 2014 to 2022, the growth of the global exports remained at a lower figure.

In value terms, electric filament lamp parts exports reduced to $714M in 2022. Overall, exports recorded a abrupt setback. The pace of growth was the most pronounced in 2017 when exports increased by 8.7%. Over the period under review, the global exports hit record highs at $1.4B in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports By Country

China prevails in exports structure, reaching 30K tons, which was approx. 75% of total exports in 2022. The Netherlands (1.4K tons), Germany (1.4K tons) and Vietnam (1.4K tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to electric filament lamp parts exports from China stood at -4.5%. At the same time, Vietnam (+65.2%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of +65.2% from 2012-2022. By contrast, the Netherlands (-2.1%) and Germany (-5.8%) illustrated a downward trend over the same period. While the share of China (+13 p.p.) and Vietnam (+3.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($366M) remains the largest electric filament lamp parts supplier worldwide, comprising 51% of global exports. The second position in the ranking was taken by Germany ($62M), with an 8.7% share of global exports. It was followed by the Netherlands, with a 5.2% share.

In China, electric filament lamp parts exports shrank by an average annual rate of -1.3% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (-7.1% per year) and the Netherlands (-9.5% per year).

Export Prices By Country

In 2022, the average electric filament lamp parts export price amounted to $17,677 per ton, picking up by 18% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($44,810 per ton), while China ($12,045 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.4%), while the other global leaders experienced a decline in the export price figures.

Source: IndexBox Market Intelligence Platform