ASEAN: Market for Electric Table, Desk, Bedside Or Floor Standing Lamp 2024

Market Size for Electric Table, Desk, Bedside Or Floor Standing Lamp in ASEAN

In 2022, the ASEAN market for electric table, desk, bedside or floor standing lamp increased by X% to $X, rising for the third year in a row after two years of decline. Overall, consumption enjoyed a significant expansion. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the near future.

Production of Electric Table, Desk, Bedside Or Floor Standing Lamp in ASEAN

In value terms, table, bedside and floor lamp production stood at $X in 2022 estimated in export price. In general, production saw a deep reduction. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Exports of Electric Table, Desk, Bedside Or Floor Standing Lamp

Exports by Country

Vietnam represented the largest exporting country with an export of about X tons, which amounted to X% of total exports. It was distantly followed by Malaysia (X tons), Cambodia (X tons) and Singapore (X tons), together comprising a X% share of total exports. Indonesia (X tons) and Thailand (X tons) followed a long way behind the leaders.

From 2020 to 2022, average annual rates of growth with regard to table, bedside and floor lamp exports from Vietnam stood at X%. At the same time, Cambodia (X%), Indonesia (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2020-2022. By contrast, Singapore (X%) and Malaysia (X%) illustrated a downward trend over the same period. While the share of Cambodia (X p.p.) and Vietnam (X p.p.) increased significantly in terms of the total exports from 2020-2022, the share of Malaysia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest table, bedside and floor lamp supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Cambodia, with a X% share.

In Vietnam, table, bedside and floor lamp exports expanded at an average annual rate of X% over the period from 2020-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (X% per year) and Cambodia (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, picking up by X% against the previous year. Over the period from 2020 to 2022, it increased at an average annual rate of X%. 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 Cambodia ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2020 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (X%), while the other leaders experienced more modest paces of growth.

Imports of Electric Table, Desk, Bedside Or Floor Standing Lamp

Imports in ASEAN

Table, bedside and floor lamp imports skyrocketed to X tons in 2022, growing by X% compared with the previous year. Over the period under review, imports enjoyed resilient growth. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, table, bedside and floor lamp imports contracted to $X in 2022. Total imports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 when imports increased by X%. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

The countries with the highest levels of table, bedside and floor lamp imports in 2022 were the Philippines (X tons), Singapore (X tons), Vietnam (X tons), Indonesia (X tons) and Malaysia (X tons), together accounting for X% of total import. It was distantly followed by Myanmar (X tons), comprising a X% share of total imports. Cambodia (X tons) held a minor share of total imports.

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

In value terms, Indonesia ($X), the Philippines ($X) and Singapore ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

In terms of the main importing countries, the Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, declining by X% against the previous year. In general, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2015 when the import price increased by X%. The level of import peaked at $X per ton in 2013; however, from 2014 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 Indonesia ($X per ton), while Myanmar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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