Eastern Asia: Bicycle Lighting Market 2024

Bicycle Lighting Market Size in Eastern Asia

In 2022, the East Asian bicycle lighting market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Bicycle Lighting Production in Eastern Asia

In value terms, bicycle lighting production reached $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

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Bicycle Lighting Exports

Exports in Eastern Asia

In 2022, after two years of growth, there was significant decline in shipments abroad of electrical or battery operated lighting or visual signalling for bicycles, when their volume decreased by X% to X units. Overall, exports, however, saw a slight increase. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The volume of export peaked at X units in 2021, and then reduced remarkably in the following year.

In value terms, bicycle lighting exports contracted dramatically to $X in 2022. In general, exports, however, enjoyed a strong increase. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then shrank markedly in the following year.

Exports by Country

China dominates exports structure, accounting for X units, which was near X% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X units), committing a X% share of total exports. Hong Kong SAR (X units) took a minor share of total exports.

China was also the fastest-growing in terms of the electrical or battery operated lighting or visual signalling for bicycles exports, with a CAGR of X% from 2012 to 2022. Taiwan (Chinese) experienced a relatively flat trend pattern. Hong Kong SAR (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest bicycle lighting supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to X%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, surging by X% against the previous year. Export price indicated a strong increase from 2012 to 2022: its price 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, bicycle lighting export price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain 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 Taiwan (Chinese) ($X per unit), while China ($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.

Bicycle Lighting Imports

Imports in Eastern Asia

In 2022, imports of electrical or battery operated lighting or visual signalling for bicycles in Eastern Asia declined rapidly to X units, falling by X% compared with the year before. Overall, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, bicycle lighting imports fell rapidly to $X in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then dropped dramatically in the following year.

Imports by Country

Japan (X units) and Taiwan (Chinese) (X units) represented roughly X% of total imports in 2022. It was distantly followed by Hong Kong SAR (X units), China (X units) and South Korea (X units), together achieving a X% share of total imports.

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

In value terms, the largest bicycle lighting importing markets in Eastern Asia were Japan ($X), Taiwan (Chinese) ($X) and South Korea ($X), together accounting for X% of total imports.

Among the main importing countries, South Korea, with a CAGR of X%, saw 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

In 2022, the import price in Eastern Asia amounted to $X per unit, picking up by X% against the previous year. In general, the import price saw prominent growth. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The level of import peaked at $X per unit in 2020; however, from 2021 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 ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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