Southern Asia: Lamp Holder Market 2024

Lamp Holder Market Size in Southern Asia

In 2022, the South Asian lamp holder market increased by 1.2% to $X for the first time since 2017, thus ending a four-year declining trend. The market value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Lamp Holder Production in Southern Asia

In value terms, lamp holder production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by 27%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Lamp Holder Exports

Exports in Southern Asia

In 2022, approx. X tons of lamp holders, plugs and sockets were exported in Southern Asia; dropping by -27.1% against 2021. In general, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 40% against the previous year. Over the period under review, the exports hit record highs at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, lamp holder exports declined significantly to $X in 2022. Total exports indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -4.2% against 2018 indices. The growth pace was the most rapid in 2021 when exports increased by 50% against the previous year. As a result, the exports attained the peak of $X, and then declined remarkably in the following year.

Exports by Country

In 2022, India (X tons) represented the largest exporter of lamp holders, plugs and sockets, generating 84% of total exports. It was distantly followed by Sri Lanka (X tons), constituting a 15% share of total exports.

Exports from India decreased at an average annual rate of -9.0% from 2012 to 2022. At the same time, Sri Lanka (+3.6%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +3.6% from 2012-2022. Sri Lanka (+11 p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by -10.8% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest lamp holder supplier in Southern Asia, comprising 94% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 5.7% share of total exports.

In India, lamp holder exports expanded at an average annual rate of +2.7% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, dropping by -5.4% against the previous year. Overall, the export price, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2017 when the export price increased by 97%. Over the period under review, the export prices reached the maximum at $X per ton in 2021, and then fell in the following year.

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 India ($X per ton), while Sri Lanka stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+12.9%).

Lamp Holder Imports

Imports in Southern Asia

In 2022, the amount of lamp holders, plugs and sockets imported in Southern Asia skyrocketed to X tons, surging by 53% on 2021 figures. In general, imports, however, recorded a abrupt decrease. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, lamp holder imports surged to $X in 2022. Total imports indicated a tangible increase from 2012 to 2022: its value increased at an average annual rate of +4.6% 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 +46.9% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 24%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

India dominates imports structure, finishing at X tons, which was approx. 93% of total imports in 2022. Nepal (X tons) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to lamp holder imports into India stood at -5.3%. At the same time, Nepal (+2.2%) displayed positive paces of growth. Moreover, Nepal emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +2.2% from 2012-2022. While the share of India (+3.2 p.p.) and Nepal (+1.8 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported lamp holders, plugs and sockets in Southern Asia, comprising 97% of total imports. The second position in the ranking was taken by Nepal ($X), with a 0.9% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in India stood at +5.0%.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, with a decrease of -23.1% against the previous year. Overall, the import price, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2013 an increase of 63% against the previous year. The level of import peaked at $X per ton in 2021, and then declined markedly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Nepal stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.9%).

Source: IndexBox Platform

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