Asia: Automotive Lighting Market 2024

Automotive Lighting Market Size in Asia

In 2022, the Asian automotive lighting market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Automotive Lighting Production in Asia

In value terms, automotive lighting production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

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Automotive Lighting Exports

Exports in Asia

In 2022, the amount of automotive lighting exported in Asia shrank slightly to X units, with a decrease of X% on 2021. Over the period under review, exports, however, posted a resilient expansion. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2021, and then reduced in the following year.

In value terms, automotive lighting exports reached $X in 2022. Total exports indicated a strong 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

China was the largest exporter of automotive lighting in Asia, with the volume of exports resulting at X units, which was near X% of total exports in 2022. South Korea (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Japan (X%) and Taiwan (Chinese) (X%). The following exporters - India (X units) and Thailand (X units) - each recorded a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to automotive lighting exports from China stood at X%. At the same time, South Korea (X%), Japan (X%), India (X%) and Thailand (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. From 2012 to 2022, the share of South Korea and Japan increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest automotive lighting supplying countries in Asia were China ($X), Taiwan (Chinese) ($X) and South Korea ($X), with a combined X% share of total exports. Japan, Thailand and India lagged somewhat behind, together accounting for a further X%.

Among the main exporting countries, India, with a CAGR of X%, recorded the highest growth rate of 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

In 2022, the export price in Asia amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the export prices remained 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 Taiwan (Chinese) ($X per unit), while South Korea ($X per unit) was amongst the lowest.

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

Automotive Lighting Imports

Imports in Asia

In 2022, automotive lighting imports in Asia fell to X units, remaining stable against 2021 figures. Total imports indicated resilient growth from 2012 to 2022: its volume 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 most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then dropped modestly in the following year.

In value terms, automotive lighting imports fell to $X in 2022. Total imports indicated a buoyant increase 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 growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then shrank in the following year.

Imports by Country

India was the major importer of automotive lighting in Asia, with the volume of imports resulting at X units, which was approx. X% of total imports in 2022. China (X units) ranks second in terms of the total imports with a X% share, followed by Thailand (X%) and Malaysia (X%). The following importers - the United Arab Emirates (X units), Japan (X units), Taiwan (Chinese) (X units), Bangladesh (X units), Hong Kong SAR (X units) and South Korea (X units) - together made up X% of total imports.

India was also the fastest-growing in terms of the automotive lighting imports, with a CAGR of X% from 2012 to 2022. At the same time, Bangladesh (X%), Hong Kong SAR (X%), Malaysia (X%), Taiwan (Chinese) (X%), China (X%), South Korea (X%) and Thailand (X%) displayed positive paces of growth. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, Japan (X%) illustrated a downward trend over the same period. India (X p.p.) and Bangladesh (X p.p.) significantly strengthened its position in terms of the total imports, while Thailand, the United Arab Emirates, China and Japan saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported automotive lighting in Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with an X% share of total imports. It was followed by Thailand, with a X% share.

In China, automotive lighting imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (X% per year) and Thailand (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, which is down by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per unit), while India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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