Vietnam: Lamp Plastic Parts Market 2024

Lamp Plastic Parts Market Size in Vietnam

In 2022, the Vietnamese lamp plastic parts market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, recorded a perceptible downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Lamp Plastic Parts Production in Vietnam

In value terms, lamp plastic parts production shrank slightly to $X in 2022 estimated in export price. In general, production continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Lamp plastic parts production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Lamp Plastic Parts Exports

Exports from Vietnam

Lamp plastic parts exports from Vietnam contracted rapidly to X tons in 2022, with a decrease of X% against the year before. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, lamp plastic parts exports declined sharply to $X in 2022. Overall, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Japan (X tons) and Taiwan (Chinese) (X tons) were the main destinations of lamp plastic parts exports from Vietnam, with a combined X% share of total exports. Germany, Spain, Italy, the UK, Sweden, Poland, the Netherlands, China and Chile lagged somewhat behind, together accounting for a further X%.

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

In value terms, the United States ($X), Japan ($X) and Taiwan (Chinese) ($X) appeared to be the largest markets for lamp plastic parts exported from Vietnam worldwide, with a combined X% share of total exports. Germany, Spain, Italy, the UK, Sweden, Poland, the Netherlands, China and Chile lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Poland, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lamp plastic parts export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lamp plastic parts export price decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($X per ton) and Italy ($X per ton), while the average price for exports to Chile ($X per ton) and Sweden ($X per ton) were amongst the lowest.

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

Lamp Plastic Parts Imports

Imports into Vietnam

In 2022, supplies from abroad of plastic parts for lamps and lighting fittings increased by X% to X tons, rising for the third year in a row after three years of decline. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, lamp plastic parts imports surged to $X in 2022. In general, imports recorded significant growth. The pace of growth was the most pronounced in 2015 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main supplier of lamp plastic parts to Vietnam, accounting for a X% share of total imports. It was followed by Italy (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and South Korea (X% per year).

In value terms, China ($X) constituted the largest supplier of plastic parts for lamps and lighting fittings to Vietnam, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and South Korea (X% per year).

Import Prices by Country

The average lamp plastic parts import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lamp plastic parts import price increased by X% against 2016 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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