Eastern Asia: Non-Electrical Lamp Market 2024

Non-Electrical Lamp Market Size in Eastern Asia

The East Asian non-electrical lamp market skyrocketed to $X in 2022, increasing by X% against the previous year. In general, consumption, however, recorded a drastic downturn. 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 Eastern Asia

In value terms, non-electrical lamp production amounted to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a slight decline. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Non-Electrical Lamp Exports

Exports in Eastern Asia

In 2022, shipments abroad of non-electrical lamps and lighting fittings increased by X% to X units, rising for the third consecutive year after two years of decline. Over the period under review, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, non-electrical lamp exports surged to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, China (X units) was the main exporter of non-electrical lamps and lighting fittings in Eastern Asia, constituting X% of total export.

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 Eastern Asia.

From 2012 to 2022, the average annual growth rate of value in China was relatively modest.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the export price, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2019 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a 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 Eastern Asia

In 2022, overseas purchases of non-electrical lamps and lighting fittings increased by X% to X units, rising for the second year in a row after two years of decline. In general, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, non-electrical lamp imports stood at $X in 2022. The total import value increased at an average annual rate of X% over the period 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 2021 when imports increased by X% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Japan (X units) and South Korea (X units) represented roughly X% of total imports in 2022. It was distantly followed by China (X units) and Hong Kong SAR (X units), together committing a X% share of total imports. Taiwan (Chinese) (X units) took a little share 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 Japan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported non-electrical lamps and lighting fittings in Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by China, with a X% share.

In Japan, non-electrical lamp imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (X% per year) and China (X% per year).

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. Import price indicated notable growth 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, non-electrical lamp import price increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

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 Taiwan (Chinese) ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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