Asia-Pacific: Non-Electrical Lamp Market 2024

Non-Electrical Lamp Market Size in Asia-Pacific

The Asia-Pacific non-electrical lamp market expanded significantly to $X in 2022, picking up by X% against the previous year. Overall, consumption, however, saw a mild reduction. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Non-Electrical Lamp Production in Asia-Pacific

In value terms, non-electrical lamp production reached $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

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Non-Electrical Lamp Exports

Exports in Asia-Pacific

In 2022, shipments abroad of non-electrical lamps and lighting fittings increased by X% to X units, rising for the third year in a row after two years of decline. Overall, exports recorded a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, non-electrical lamp exports skyrocketed to $X in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Exports by Country

China (X units) represented roughly X% of total exports in 2022.

China was also the fastest-growing in terms of the non-electrical lamps and lighting fittings exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest non-electrical lamp supplier in Asia-Pacific.

In China, non-electrical lamp exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2022, surging by X% against the previous year. In general, the export price, however, saw a deep contraction. The growth pace was the most rapid in 2019 when the export price increased by X%. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Non-Electrical Lamp Imports

Imports in Asia-Pacific

In 2022, imports of non-electrical lamps and lighting fittings in Asia-Pacific reached X units, surging by X% against 2021 figures. Total imports indicated moderate 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 2017 indices. The pace of growth appeared the most rapid in 2020 when imports increased by X%. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, non-electrical lamp imports soared to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

In 2022, Thailand (X units) was the major importer of non-electrical lamps and lighting fittings, committing X% of total imports. India (X units) took the second position in the ranking, followed by Malaysia (X units), Australia (X units) and Indonesia (X units). All these countries together took near X% share of total imports. The following importers - Japan (X units), Myanmar (X units), South Korea (X units), Vietnam (X units), Singapore (X units) and the Philippines (X units) - together made up X% of total imports.

Imports into Thailand increased at an average annual rate of X% from 2012 to 2022. At the same time, Myanmar (X%), Vietnam (X%), Malaysia (X%), the Philippines (X%), India (X%), Japan (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2022. Indonesia experienced a relatively flat trend pattern. By contrast, Singapore (X%) and Australia (X%) illustrated a downward trend over the same period. Thailand (X p.p.), Malaysia (X p.p.), Myanmar (X p.p.) and Vietnam (X p.p.) significantly strengthened its position in terms of the total imports, while Indonesia, Singapore and Australia saw its share reduced by 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, the largest non-electrical lamp importing markets in Asia-Pacific were India ($X), Australia ($X) and Japan ($X), with a combined X% share of total imports. Thailand, South Korea, Singapore, Vietnam, Indonesia, Malaysia, the Philippines and Myanmar lagged somewhat behind, together comprising a further X%.

The Philippines, 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

In 2022, the import price in Asia-Pacific amounted to $X per unit, growing by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 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 ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2022, 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.

Source: IndexBox Platform

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