Eastern Asia: Lamp Holder Market 2024

Lamp Holder Market Size in Eastern Asia

In 2022, the East Asian lamp holder market decreased by -20% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Lamp Holder Production in Eastern Asia

In value terms, lamp holder production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 27%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Lamp Holder Exports

Exports in Eastern Asia

In 2022, lamp holder exports in Eastern Asia totaled X tons, growing by 13% against 2021. Overall, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 169% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, lamp holder exports stood at $X in 2022. Total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.6% against 2012 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 32% against the previous year. The level of export peaked in 2022 and is likely to continue growth in years to come.

Exports by Country

China prevails in exports structure, resulting at X tons, which was approx. 89% of total exports in 2022. It was distantly followed by Japan (X tons), comprising a 5.4% share of total exports. The following exporters - South Korea (X tons) and Taiwan (Chinese) (X tons) - together made up 4.8% of total exports.

Exports from China increased at an average annual rate of +8.5% from 2012 to 2022. At the same time, Japan (+24.0%), Taiwan (Chinese) (+4.5%) and South Korea (+2.1%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +24.0% from 2012-2022. China (+15 p.p.) and Japan (+4.2 p.p.) significantly strengthened its position in terms of the total exports, while South Korea saw its share reduced by -1.7% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest lamp holder supplier in Eastern Asia, comprising 59% of total exports. The second position in the ranking was held by South Korea ($X), with a 17% share of total exports. It was followed by Japan, with a 14% share.

In China, lamp holder exports expanded at an average annual rate of +7.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+7.8% per year) and Japan (+14.1% per year).

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, with a decrease of -10.8% against the previous year. Overall, the export price showed a mild decline. The pace of growth appeared the most rapid in 2014 when the export price increased by 104% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.6%), while the other leaders experienced mixed trends in the export price figures.

Lamp Holder Imports

Imports in Eastern Asia

In 2022, after three years of growth, there was significant decline in overseas purchases of lamp holders, plugs and sockets, when their volume decreased by -45% to X tons. Overall, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2019 with an increase of 24% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, lamp holder imports shrank remarkably to $X in 2022. Over the period under review, imports showed a mild decrease. The growth pace was the most rapid in 2021 with an increase of 21% against the previous year. As a result, imports attained the peak of $X, and then contracted rapidly in the following year.

Imports by Country

In 2022, Taiwan (Chinese) (X tons), Japan (X tons), South Korea (X tons), Hong Kong SAR (X tons) and China (X tons) represented the largest importer of lamp holders, plugs and sockets in Eastern Asia, making up 99% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Taiwan (Chinese) (with a CAGR of +12.9%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest lamp holder importing markets in Eastern Asia were Taiwan (Chinese) ($X), China ($X) and Japan ($X), together comprising 77% of total imports.

Taiwan (Chinese), with a CAGR of +22.4%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per ton, jumping by 46% against the previous year. Import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lamp holder import price increased by +47.7% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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