South-Eastern Asia: Market for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles 2022

Market Size for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in South-Eastern Asia

In 2021, after four years of growth, there was decline in the Southeast Asian market for electrical lighting or visual signaling equipment for motor vehicles and cycles, when its value decreased by -X% to $X. The total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2020, and then reduced slightly in the following year.

Production of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in South-Eastern Asia

In value terms, lighting equipment for motor vehicles production fell slightly to $X in 2021 estimated in export price. In general, production posted strong growth. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, production hit record highs at $X in 2020, and then declined slightly in the following year.

Production By Country in South-Eastern Asia

The countries with the highest volumes of in 2021 were Vietnam (X units), Thailand (X units) and the Philippines (X units), together comprising X% of total production. These countries were followed by Malaysia and Lao People's Democratic Republic, which together accounted for a further X 2012 to 2021, the biggest increases were in Malaysia (with a CAGR of +X%), while production for the other leaders experienced more modest paces of growth.

Exports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Exports in South-Eastern Asia

In 2021, approx. X units of electrical lighting or visual signaling equipment for motor vehicles and cycles were exported in South-Eastern Asia; with an increase of X% on 2020. Overall, exports recorded resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in years to come.

In value terms, lighting equipment for motor vehicles exports surged to $X in 2021. Total exports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Thailand was the key exporting country with an export of about X units, which finished at X% of total exports. It was distantly followed by Indonesia (X units), Malaysia (X units) and Vietnam (X units), together committing a X% share of total exports.

Exports from Thailand increased at an average annual rate of +X% from 2012 to 2021. At the same time, Vietnam (+X%), Indonesia (+X%) and Malaysia (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +X% from 2012-2021. While the share of Indonesia (+X p.p.), Vietnam (+X p.p.) and Malaysia (+X p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Thailand (-X p.p.) displayed negative dynamics.

In value terms, Thailand ($X) remains the largest lighting equipment for motor vehicles supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was occupied by Malaysia ($X), with a X% share of total exports. It was followed by Vietnam, with an X% share.

From 2012 to 2021, the average annual growth rate of value in Thailand totaled +X%. In the other countries, the average annual rates were as follows: Malaysia (+X% per year) and Vietnam (+X% per year).

Export Prices by Country

The s and cycles in South-Eastern Asia stood at $X per unit in 2021, declining by -X% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Vietnam ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+X%), while the other leaders experienced more modest paces of growth.

Imports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Imports in South-Eastern Asia

In 2021, supplies from abroad of electrical lighting or visual signaling equipment for motor vehicles and cycles was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, lighting equipment for motor vehicles imports soared to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Indonesia represented the largest importing country with an import of about X units, which accounted for X% of total imports. It was distantly followed by Thailand (X units), Vietnam (X units) and Malaysia (X units), together creating a X% share of total imports. Singapore (X units) followed a long way behind the leaders.

Imports into Indonesia increased at an average annual rate of +X% from 2012 to 2021. At the same time, Vietnam (+X%) and Thailand (+X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +X% from 2012-2021. By contrast, Malaysia (-X%) and Singapore (-X%) illustrated a downward trend over the same period. Vietnam (+X p.p.) and Indonesia (+X p.p.) significantly strengthened its position in terms of the total imports, while Thailand, Singapore and Malaysia saw its share reduced by -X%, -X% and -X% from 2012 to 2021, respectively.

In value terms, the largest lighting equipment for motor vehicles importing markets in South-Eastern Asia were Thailand ($X), Vietnam ($X) and Malaysia ($X), together comprising X% of total imports.

In terms of the main importing countries, Vietnam, with a CAGR of +X%, saw the highest growth rate of 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

The s and cycles in South-Eastern Asia stood at $X per unit in 2021, dropping by -X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of X%. The level of import peaked at $X per unit in 2020, and then shrank in the following year.

Prices varied noticeably by the country of destination: the country with the highest price was Thailand ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform