ASEAN: Lamp Plastic Parts Market 2024

Lamp Plastic Parts Market Size in ASEAN

For the third year in a row, the ASEAN lamp plastic parts market recorded growth in sales value, which increased by X% to $X in 2022. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Lamp Plastic Parts Production in ASEAN

In value terms, lamp plastic parts production contracted slightly to $X in 2022 estimated in export price. Overall, production saw a noticeable downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Lamp Plastic Parts Exports

Exports in ASEAN

After four years of growth, shipments abroad of plastic parts for lamps and lighting fittings decreased by X% to X tons in 2022. In general, exports, however, saw mild growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, lamp plastic parts exports contracted notably to $X in 2022. Overall, exports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then fell significantly in the following year.

Exports by Country

In 2022, Singapore (X tons), distantly followed by Thailand (X tons), Malaysia (X tons), the Philippines (X tons), Vietnam (X tons) and Indonesia (X tons) represented the major exporters of plastic parts for lamps and lighting fittings, together generating X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by the Philippines (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), the Philippines ($X) and Vietnam ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, the Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, falling by X% against the previous year. Export price indicated pronounced growth from 2012 to 2022: its price 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, lamp plastic parts export price decreased by X% against 2020 indices. The growth pace was the most rapid in 2015 an increase of X% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Indonesia ($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 more modest paces of growth.

Lamp Plastic Parts Imports

Imports in ASEAN

In 2022, imports of plastic parts for lamps and lighting fittings in ASEAN rose sharply to X tons, growing by X% compared with 2021 figures. Over the period under review, imports saw a tangible increase. The growth pace was the most rapid in 2015 with an increase of X%. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, lamp plastic parts imports soared to $X in 2022. Overall, imports recorded buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X tons) was the largest importer of plastic parts for lamps and lighting fittings, generating X% of total imports. It was distantly followed by Indonesia (X tons), Malaysia (X tons), Cambodia (X tons), Vietnam (X tons) and Singapore (X tons), together making up a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to lamp plastic parts imports into Thailand stood at X%. At the same time, Cambodia (X%), Vietnam (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) and Indonesia (X%) illustrated a downward trend over the same period. Thailand (X p.p.), Cambodia (X p.p.), Vietnam (X p.p.) and Malaysia (X p.p.) significantly strengthened its position in terms of the total imports, while Singapore and Indonesia saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Thailand ($X), Vietnam ($X) and Singapore ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. Indonesia, Cambodia and Malaysia lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, growing by X% against the previous year. Import price indicated a remarkable increase from 2012 to 2022: its price 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, lamp plastic parts import price decreased by X% against 2016 indices. The pace of growth appeared the most rapid in 2013 when the import price increased by X%. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Vietnam ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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