South-Eastern Asia: Bicycle Lighting Market 2024

Bicycle Lighting Market Size in South-Eastern Asia

After two years of growth, the Southeast Asian bicycle lighting market decreased by X% to $X in 2022. Over the period under review, consumption, however, showed prominent growth. Over the period under review, the market reached the maximum level at $X in 2021, and then reduced in the following year.

Bicycle Lighting Production in South-Eastern Asia

In value terms, bicycle lighting production stood at $X in 2022 estimated in export price. In general, production, however, recorded a deep setback. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

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Bicycle Lighting Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of electrical or battery operated lighting or visual signalling for bicycles decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. In general, exports saw a deep downturn. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, bicycle lighting exports dropped to $X in 2022. Over the period under review, exports, however, continue to indicate a notable expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Thailand was the largest exporter of electrical or battery operated lighting or visual signalling for bicycles in South-Eastern Asia, with the volume of exports recording X units, which was near X% of total exports in 2022. It was distantly followed by Malaysia (X units), Singapore (X units) and Cambodia (X units), together comprising a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to bicycle lighting exports from Thailand stood at X%. At the same time, Cambodia (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) illustrated a downward trend over the same period. Malaysia (X p.p.) and Cambodia (X p.p.) significantly strengthened its position in terms of the total exports, while Singapore and Thailand saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Thailand ($X) remains the largest bicycle lighting supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand amounted to X%. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the export price enjoyed a strong increase. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

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

Bicycle Lighting Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of electrical or battery operated lighting or visual signalling for bicycles decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, recorded a resilient increase. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2021, and then declined remarkably in the following year.

In value terms, bicycle lighting imports contracted rapidly to $X in 2022. In general, imports, however, recorded prominent growth. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then reduced sharply in the following year.

Imports by Country

Cambodia (X units) and Thailand (X units) represented the main importers of electrical or battery operated lighting or visual signalling for bicycles in 2022, reaching approx. X% and X% of total imports, respectively. It was distantly followed by Malaysia (X units) and Vietnam (X units), together creating a X% share of total imports. Singapore (X units) and Indonesia (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Cambodia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Cambodia ($X) and Thailand ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Cambodia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 South-Eastern Asia amounted to $X per unit, picking up by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, 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.

Source: IndexBox Platform

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