South-Eastern Asia: Lamp Holder Market 2024

Lamp Holder Market Size in South-Eastern Asia

The Southeast Asian lamp holder market skyrocketed to $X in 2022, growing by 21% against the previous year. The market value increased at an average annual rate of +5.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is likely to continue growth in years to come.

Lamp Holder Production in South-Eastern Asia

In value terms, lamp holder production rose to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.2% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 24%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Lamp Holder Exports

Exports in South-Eastern Asia

In 2022, after two years of growth, there was significant decline in overseas shipments of lamp holders, plugs and sockets, when their volume decreased by -34.1% to X tons. Overall, exports, however, enjoyed notable growth. The pace of growth was the most pronounced in 2016 when exports increased by 71%. Over the period under review, the exports attained the peak figure at X tons in 2021, and then contracted remarkably in the following year.

In value terms, lamp holder exports shrank markedly to $X in 2022. In general, exports, however, posted a tangible increase. The growth pace was the most rapid in 2020 when exports increased by 43%. Over the period under review, the exports reached the peak figure at $X in 2021, and then declined rapidly in the following year.

Exports by Country

In 2022, Thailand (X tons), Vietnam (X tons) and Malaysia (X tons) was the largest exporter of lamp holders, plugs and sockets in South-Eastern Asia, achieving 88% of total export. It was distantly followed by Singapore (X tons), creating a 7.7% share of total exports. Indonesia (X tons) took a relatively small share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Thailand (with a CAGR of +31.6%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Vietnam ($X) and Thailand ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 84% share of total exports.

Vietnam, with a CAGR of +19.6%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per ton, falling by -1.6% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 44%. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+7.4%), while the other leaders experienced more modest paces of growth.

Lamp Holder Imports

Imports in South-Eastern Asia

In 2022, the amount of lamp holders, plugs and sockets imported in South-Eastern Asia reduced to X tons, falling by -1.9% against the previous year. Overall, imports, however, showed strong growth. The growth pace was the most rapid in 2017 when imports increased by 93%. The volume of import peaked at X tons in 2021, and then fell slightly in the following year.

In value terms, lamp holder imports shrank significantly to $X in 2022. Total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.3% against 2013 indices. The growth pace was the most rapid in 2021 with an increase of 19% against the previous year. As a result, imports reached the peak of $X, and then shrank markedly in the following year.

Imports by Country

In 2022, Malaysia (X tons) was the key importer of lamp holders, plugs and sockets, making up 56% of total imports. The Philippines (X tons) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (11%), Vietnam (8.2%) and Thailand (5.3%). Singapore (X tons) followed a long way behind the leaders.

Malaysia was also the fastest-growing in terms of the lamp holders, plugs and sockets imports, with a CAGR of +27.6% from 2012 to 2022. At the same time, the Philippines (+19.0%), Vietnam (+17.3%) and Indonesia (+11.6%) displayed positive paces of growth. By contrast, Thailand (-1.3%) and Singapore (-6.2%) illustrated a downward trend over the same period. Malaysia (+38 p.p.), the Philippines (+4.8 p.p.) and Vietnam (+2.1 p.p.) significantly strengthened its position in terms of the total imports, while Indonesia, Thailand and Singapore saw its share reduced by -2.5%, -16.9% and -24.7% from 2012 to 2022, respectively.

In value terms, the largest lamp holder importing markets in South-Eastern Asia were Vietnam ($X), Malaysia ($X) and Singapore ($X), together accounting for 71% of total imports. Thailand, the Philippines and Indonesia lagged somewhat behind, together comprising a further 28%.

In terms of the main importing countries, the Philippines, with a CAGR of +19.2%, recorded the highest rates of growth with regard to 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 import price in South-Eastern Asia stood at $X per ton in 2022, falling by -13.8% against the previous year. Over the period under review, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 when the import price increased by 30% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 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 Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+4.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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