India: Non-Electrical Lamp Market 2024

Non-Electrical Lamp Market Size in India

The Indian non-electrical lamp market was finally on the rise to reach $X in 2022, after three years of decline. Over the period under review, consumption saw slight growth. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Non-Electrical Lamp Production in India

In value terms, non-electrical lamp production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of X%. Non-electrical lamp production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Non-Electrical Lamp Exports

Exports from India

For the third year in a row, India recorded growth in overseas shipments of non-electrical lamps and lighting fittings, which increased by X% to X units in 2022. Overall, exports saw a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, non-electrical lamp exports soared to $X in 2022. Over the period under review, exports posted buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X units) was the main destination for non-electrical lamp exports from India, accounting for a X% share of total exports. Moreover, non-electrical lamp exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X units), fivefold. The UK (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and the UK (X% per year).

In value terms, the United States ($X) remains the key foreign market for non-electrical lamps and lighting fittings exports from India, comprising X% of total exports. The second position in the ranking was taken by the UK ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Germany (X% per year).

Export Prices by Country

The average non-electrical lamp export price stood at $X per unit in 2022, growing by X% against the previous year. Over the period under review, export price indicated a pronounced expansion 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 export price increased by X% against 2016 indices. The pace of growth was the most pronounced in 2017 an increase of X%. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Electrical Lamp Imports

Imports into India

In 2022, purchases abroad of non-electrical lamps and lighting fittings increased by X% to X units, rising for the second consecutive year after two years of decline. In general, imports posted a strong increase. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, non-electrical lamp imports soared to $X in 2022. Overall, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of non-electrical lamp to India, accounting for a X% share of total imports. It was followed by Hong Kong SAR (X units), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and Finland (X% per year).

In value terms, China ($X) constituted the largest supplier of non-electrical lamps and lighting fittings to India, comprising X% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (X% per year) and Finland (X% per year).

Import Prices by Country

The average non-electrical lamp import price stood at $X per unit in 2022, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Finland ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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