Thailand: Sealed Beam Market 2024

Sealed Beam Market Size in Thailand

In 2022, the Thai sealed beam market increased by 0.3% to $X, rising for the third consecutive year after four years of decline. Overall, consumption showed a notable expansion. Sealed beam consumption peaked at $X in 2015; afterwards, it flattened through to 2022.

Sealed Beam Production in Thailand

In value terms, sealed beam production expanded markedly to $X in 2022 estimated in export price. Over the period under review, production, however, faced a deep reduction. The most prominent rate of growth was recorded in 2020 with an increase of 68%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

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Sealed Beam Exports

Exports from Thailand

In 2022, exports of sealed beam lamp units from Thailand fell sharply to X units, with a decrease of -37.6% on the previous year. Over the period under review, exports saw a dramatic shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 136%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, sealed beam exports dropped dramatically to $X in 2022. Overall, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2015 when exports increased by 59% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Pakistan (X units) was the main destination for sealed beam exports from Thailand, accounting for a 53% share of total exports. Moreover, sealed beam exports to Pakistan exceeded the volume sent to the second major destination, Vietnam (X units), threefold. The third position in this ranking was taken by Indonesia (X units), with an 8.5% share.

From 2012 to 2022, the average annual growth rate of volume to Pakistan totaled -4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-12.0% per year) and Indonesia (+58.0% per year).

In value terms, Indonesia ($X), Pakistan ($X) and Myanmar ($X) constituted the largest markets for sealed beam exported from Thailand worldwide, with a combined 50% share of total exports.

Indonesia, with a CAGR of +63.7%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average sealed beam export price stood at $X per unit in 2022, growing by 16% against the previous year. Over the period under review, the export price saw a significant increase. The most prominent rate of growth was recorded in 2021 an increase of 326%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Canada ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+49.7%), while the prices for the other major destinations experienced more modest paces of growth.

Sealed Beam Imports

Imports into Thailand

In 2022, approx. X units of sealed beam lamp units were imported into Thailand; waning by -72.2% against the previous year's figure. Overall, imports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 330% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sealed beam imports skyrocketed to $X in 2022. In general, imports continue to indicate a mild downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 86% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Japan (X units) and Indonesia (X units) were the main suppliers of sealed beam imports to Thailand, with a combined 68% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +40.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of sealed beam lamp units to Thailand, comprising 46% of total imports. The second position in the ranking was taken by the United States ($X), with an 18% share of total imports. It was followed by Japan, with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.8% per year) and Japan (-9.4% per year).

Import Prices by Country

In 2022, the average sealed beam import price amounted to $X per unit, rising by 333% against the previous year. Overall, the import price showed a remarkable increase. The pace of growth appeared the most rapid in 2019 an increase of 998%. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+23.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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