Thailand: Lamp Holder Market 2024

Lamp Holder Market Size in Thailand

In 2022, the Thai lamp holder market decreased by -0.2% to $X, falling for the fifth consecutive year after two years of growth. Overall, consumption showed a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Lamp Holder Production in Thailand

In value terms, lamp holder production shrank to $X in 2022 estimated in export price. Over the period under review, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +6.1% against 2020 indices. The pace of growth appeared the most rapid in 2013 with an increase of 70%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Lamp Holder Exports

Exports from Thailand

In 2022, shipments abroad of lamp holders, plugs and sockets decreased by -8.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of 145%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then reduced in the following year.

In value terms, lamp holder exports shrank to $X in 2022. In general, exports, however, showed a resilient increase. The most prominent rate of growth was recorded in 2017 with an increase of 106%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Japan (X tons), the United States (X tons) and Cambodia (X tons) were the main destinations of lamp holder exports from Thailand, with a combined 0.4% share of total exports. The Philippines, Vietnam, China, Singapore, Mexico, Germany, South Korea, Myanmar and Malaysia lagged somewhat behind, together comprising a further 0.3%.

From 2012 to 2021, the biggest increases were recorded for Mexico (with a CAGR of +94.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lamp holder exported from Thailand were the United States ($X), Japan ($X) and Germany ($X), together comprising 37% of total exports.

Germany, with a CAGR of +88.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average lamp holder export price amounted to $X per ton, with a decrease of -4.7% against the previous year. Over the period under review, the export price faced a deep contraction. The growth pace was the most rapid in 2019 an increase of 26% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.

Lamp Holder Imports

Imports into Thailand

Lamp holder imports into Thailand amounted to X tons in 2022, surging by 3.2% compared with 2021 figures. Over the period under review, imports, however, recorded a slight slump. The pace of growth was the most pronounced in 2020 with an increase of 507%. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, lamp holder imports amounted to $X in 2022. Overall, imports, however, continue to indicate a mild reduction. The pace of growth was the most pronounced in 2017 with an increase of 16% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of lamp holder to Thailand, with a 0.8% share of total imports. Moreover, lamp holder imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), sixfold. The third position in this ranking was held by Vietnam (X tons), with a 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-2.3% per year) and Vietnam (+12.1% per year).

In value terms, China ($X), Japan ($X) and Vietnam ($X) were the largest lamp holder suppliers to Thailand, with a combined 58% share of total imports.

Vietnam, with a CAGR of +15.3%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average lamp holder import price stood at $X per ton in 2021, increasing by 18% against the previous year. In general, the import price, however, continues to indicate a slight decrease. The pace of growth appeared the most rapid in 2019 when the average import price increased by 402% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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