Asia: Market for Lighting Sets For Christmas Trees 2022

Market Size for Lighting Sets For Christmas Trees in Asia

After six years of decline, the Asian market for lighting sets for christmas trees increased by X% to $X in 2021. Over the period under review, consumption posted a resilient expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Lighting Sets For Christmas Trees in Asia

In value terms, lighting set for christmas trees production surged to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a pronounced setback. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Exports of Lighting Sets For Christmas Trees

Exports in Asia

Lighting set for christmas trees exports reached X units in 2021, standing approx. at 2020. Overall, exports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The volume of export peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, lighting set for christmas trees exports expanded significantly to $X in 2021. Over the period under review, exports, however, saw a perceptible slump. The pace of growth was the most pronounced in 2019 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, finishing at X units, which was approx. X% of total exports in 2021. It was distantly followed by the Philippines (X units), generating an X% share of total exports. Indonesia (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to lighting set for christmas trees exports from China stood at -X%. At the same time, the Philippines (+X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in Asia, with a CAGR of +X% from 2012-2021. By contrast, Indonesia (-X%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Philippines increased by +X percentage points. China (-X p.p.) saw their shares reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest lighting set for christmas trees supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by the Philippines ($X), with an X% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China stood at -X%. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (+X% per year) and Indonesia (-X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, picking up by X% against the previous year. Over the last nine years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2014 when the export price increased by X%. The level of export peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the Philippines ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+X%), while the other leaders experienced more modest paces of growth.

Imports of Lighting Sets For Christmas Trees

Imports in Asia

In 2021, the amount of lighting sets for christmas trees imported in Asia declined significantly to X units, shrinking by -X% against the previous year. In general, imports showed a noticeable decrease. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, lighting set for christmas trees imports fell to $X in 2021. Overall, imports recorded a perceptible slump. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Indonesia (X units), distantly followed by Thailand (X units), Hong Kong SAR (X units), South Korea (X units), Pakistan (X units) and India (X units) were the key importers of lighting sets for christmas trees, together creating X% of total imports. The United Arab Emirates (X units), Malaysia (X units), Kazakhstan (X units), Iran (X units), Singapore (X units), Turkey (X units) and Israel (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Indonesia (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X), India ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2021, together accounting for X% of total imports.

Among the main importing countries, Pakistan, with a CAGR of +X%, saw the highest growth rate of 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 2021, the import price in Asia amounted to $X per unit, picking up by X% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2015 when the import price increased by 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 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Kazakhstan ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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