Australia: Lamp Holder Market 2024

Lamp Holder Market Size in Australia

In 2022, the Australian lamp holder market decreased by -1.9% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption continues to indicate strong growth. Lamp holder consumption peaked at $X in 2021, and then declined slightly in the following year.

Lamp Holder Production in Australia

In value terms, lamp holder production expanded sharply to $X in 2022 estimated in export price. Overall, production enjoyed resilient growth. The pace of growth was the most pronounced in 2018 with an increase of 147% against the previous year. Lamp holder production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Lamp Holder Exports

Exports from Australia

After three years of growth, overseas shipments of lamp holders, plugs and sockets decreased by -18.4% to X tons in 2022. In general, exports recorded a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of 61% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, lamp holder exports contracted to $X in 2022. Overall, exports saw a noticeable decrease. The pace of growth appeared the most rapid in 2020 with an increase of 44% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X tons) was the main destination for lamp holder exports from Australia, accounting for a 0.4% share of total exports. Moreover, lamp holder exports to New Zealand exceeded the volume sent to the second major destination, Chile (X tons), sevenfold. China (X tons) ranked third in terms of total exports with less than 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand totaled -10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+65.6% per year) and China (-9.7% per year).

In value terms, New Zealand ($X) remains the key foreign market for lamp holders, plugs and sockets exports from Australia, comprising 45% of total exports. The second position in the ranking was held by Chile ($X), with a 6.6% share of total exports. It was followed by China, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to New Zealand stood at +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+53.8% per year) and China (-1.8% per year).

Export Prices by Country

In 2021, the average lamp holder export price amounted to $X per ton, which is down by -3.5% against the previous year. Over the period under review, the export price, however, continues to indicate a measured expansion. The most prominent rate of growth was recorded in 2018 when the average export price increased by 192% against the previous year. The export price peaked at $X per ton in 2020, and then fell slightly in the following year.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were the Philippines ($X per ton) and the Netherlands ($X per ton), while the average price for exports to New Zealand ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.

Lamp Holder Imports

Imports into Australia

In 2022, approx. X tons of lamp holders, plugs and sockets were imported into Australia; with a decrease of -28.8% compared with the year before. Over the period under review, imports saw a deep contraction. The growth pace was the most rapid in 2021 when imports increased by 76,658% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, lamp holder imports fell significantly to $X in 2022. Overall, imports saw a pronounced slump. The pace of growth was the most pronounced in 2021 with an increase of 22%. As a result, imports reached the peak of $X, and then contracted markedly in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of lamp holder to Australia, accounting for a 2.3% share of total imports. Moreover, lamp holder imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), more than tenfold. The United States (X tons) ranked third in terms of total imports with a 0.1% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+15.1% per year) and the United States (-0.3% per year).

In value terms, China ($X) constituted the largest supplier of lamp holders, plugs and sockets to Australia, comprising 43% of total imports. The second position in the ranking was held by Vietnam ($X), with a 17% share of total imports. It was followed by the United States, with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +5.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+18.7% per year) and the United States (+1.7% per year).

Import Prices by Country

In 2021, the average lamp holder import price amounted to $X per ton, with a decrease of -99.8% against the previous year. Overall, the import price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 an increase of 68,238% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted markedly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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