Asia: Market for Special-Purpose Electric Lamps and Lighting Fittings 2024

Market Size for Special-Purpose Electric Lamps and Lighting Fittings in Asia

The Asian market for special-purpose electric lamps and lighting fittings skyrocketed to $X in 2022, rising by X% against the previous year. Overall, consumption showed a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Special-Purpose Electric Lamps and Lighting Fittings in Asia

In value terms, production of special-purpose electric lamps and lighting fittings rose rapidly to $X in 2022 estimated in export price. In general, production, however, continues to indicate prominent growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth remained at a lower figure.

Exports of Special-Purpose Electric Lamps and Lighting Fittings

Exports in Asia

In 2022, shipments abroad of special-purpose electric lamps and lighting fittings decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The volume of export peaked at X units in 2021, and then declined notably in the following year.

In value terms, exports of special-purpose electric lamps and lighting fittings contracted sharply to $X in 2022. In general, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2014 when exports increased by X%. Over the period under review, the exports of reached the peak figure at $X in 2021, and then reduced markedly in the following year.

Exports by Country

In 2022, the United Arab Emirates (X units) and Cambodia (X units) represented the major exporters of special-purpose electric lamps and lighting fittings in Asia, together mixing up X% of total exports. Taiwan (Chinese) (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Hong Kong SAR (X%), Thailand (X%), Turkey (X%), Malaysia (X%), Vietnam (X%) and South Korea (X%).

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

In value terms, Vietnam ($X), Taiwan (Chinese) ($X) and South Korea ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Hong Kong SAR, Cambodia, the United Arab Emirates, Turkey, Malaysia and Thailand lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Cambodia, with a CAGR of X%, saw 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

In 2022, the export price in Asia amounted to $X per unit, jumping by X% against the previous year. Overall, the export price enjoyed a modest increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Vietnam ($X per unit), while the United Arab Emirates ($X per unit) 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.

Imports of Special-Purpose Electric Lamps and Lighting Fittings

Imports in Asia

In 2022, approx. X units of special-purpose electric lamps and lighting fittings were imported in Asia; with a decrease of X% against 2021 figures. Total imports indicated a moderate increase 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. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports of attained the peak figure at X units in 2021, and then shrank dramatically in the following year.

In value terms, imports of special-purpose electric lamps and lighting fittings fell notably to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports of remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units), distantly followed by Iraq (X units), Hong Kong SAR (X units) and Japan (X units) represented the largest importers of special-purpose electric lamps and lighting fittings, together creating X% of total imports. The following importers - Malaysia (X units), India (X units), Oman (X units), Turkey (X units), Taiwan (Chinese) (X units), South Korea (X units), Vietnam (X units), Bangladesh (X units) and Kazakhstan (X units) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Iraq (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the United Arab Emirates ($X) and Iraq ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

In terms of the main importing countries, Iraq, 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

The import price in Asia stood at $X per unit in 2022, growing by X% against the previous year. In general, the import price, however, showed a slight decrease. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat 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 Vietnam ($X per unit), while Oman ($X per unit) 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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