Vietnam - Non-Electrical Lamps And Lighting Fittings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNon-Electrical Lamp Price in Vietnam - 2022
Contents:
- Non-Electrical Lamp Price in Vietnam (CIF) - 2022
- Non-Electrical Lamp Price in Vietnam (FOB) - 2022
- Non-Electrical Lamp Imports in Vietnam
- Non-Electrical Lamp Exports in Vietnam
Non-Electrical Lamp Price in Vietnam (CIF) - 2022
In 2022, the average non-electrical lamp import price amounted to $3 per unit, which is down by -11.7% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2015 when the average import price increased by 46%. Over the period under review, average import prices hit record highs at $3.4 per unit in 2021, and then fell in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($5.1 per unit), while the price for China ($2.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Non-Electrical Lamp Price in Vietnam (FOB) - 2022
In 2022, the average non-electrical lamp export price amounted to $2 per unit, waning by -13% against the previous year. Overall, export price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-electrical lamp export price increased by +29.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 30% against the previous year. As a result, the export price attained the peak level of $2.3 per unit, and then shrank in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($2.7 per unit), while the average price for exports to Latvia ($0.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.1%), while the prices for the other major destinations experienced more modest paces of growth.
Non-Electrical Lamp Imports in Vietnam
In 2022, non-electrical lamp imports into Vietnam expanded notably to 1.8M units, with an increase of 6.6% against the year before. Over the period under review, imports saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 179%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, non-electrical lamp imports reduced to $5.3M in 2022. Overall, imports showed significant growth. The most prominent rate of growth was recorded in 2020 when imports increased by 202% against the previous year. Imports peaked at $5.6M in 2021, and then declined in the following year.
| Import of Non-Electrical Lamp in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.4 | 4.7 | 5.3 | 4.6 | 48.7% |
| United Kingdom | N/A | N/A | N/A | 0.3 | 0% |
| Singapore | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.2 | 0.2 | 0.2 | 0.3 | 14.5% |
| Total | 1.6 | 5.0 | 5.6 | 5.3 | 49.1% |
Top Suppliers of Non-Electrical Lamp to Vietnam in 2022:
- China (1587.3K units)
- United Kingdom (80.8K units)
- Singapore (24.2K units)
Non-Electrical Lamp Exports in Vietnam
In 2022, overseas shipments of non-electrical lamps and lighting fittings were finally on the rise to reach 4.1M units after two years of decline. Overall, exports, however, saw a abrupt shrinkage. Over the period under review, the exports reached the maximum at 5.3M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, non-electrical lamp exports dropped to $8.4M in 2022. Over the period under review, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. As a result, the exports reached the peak of $9M, and then reduced in the following year.
| Export of Non-Electrical Lamp in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,650 | 3,011 | 4,066 | 3,638 | 11.1% |
| United Kingdom | 436 | 333 | 205 | 626 | 12.8% |
| Germany | 706 | 598 | 421 | 541 | -8.5% |
| Sweden | 189 | 191 | 202 | 393 | 27.6% |
| France | 212 | 115 | 63.6 | 342 | 17.3% |
| Poland | 475 | 459 | 347 | 254 | -18.8% |
| Russia | 333 | 383 | 288 | 221 | -12.8% |
| Netherlands | 227 | 223 | 174 | 203 | -3.7% |
| Italy | 738 | 412 | 354 | 198 | -35.5% |
| Finland | 137 | 120 | 179 | 178 | 9.1% |
| Spain | 271 | 323 | 278 | 148 | -18.3% |
| Switzerland | 274 | 282 | 352 | 109 | -26.5% |
| Latvia | 153 | 115 | 107 | 57.0 | -28.0% |
| Others | 1,549 | 1,247 | 2,009 | 1,521 | -0.6% |
| Total | 8,349 | 7,811 | 9,046 | 8,429 | 0.3% |
Top Export Markets for Non-Electrical Lamp from Vietnam in 2022:
- United States (1560.3K units)
- Germany (340.0K units)
- United Kingdom (273.6K units)
- Poland (183.7K units)
- Sweden (181.1K units)
- Netherlands (150.8K units)
- France (131.8K units)
- Italy (124.0K units)
- Finland (115.9K units)
- Spain (113.2K units)
- Switzerland (90.3K units)
- Latvia (89.4K units)
- Russia (81.3K units)
This report provides an in-depth analysis of the non-electrical lamp market in Vietnam. 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 2030.
Product coverage:
- Prodcom 27402300 - Non-electrical lamps and lighting fittings
Country coverage:
- Vietnam
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Vietnam
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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