Asia-Pacific: Non-Electrical Lamp Market 2024

Non-Electrical Lamp Market Size in Asia-Pacific

In 2023, the Asia-Pacific non-electrical lamp market was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2023 and is expected to retain growth in years to come.

Non-Electrical Lamp Production in Asia-Pacific

In value terms, non-electrical lamp production rose to $X in 2023 estimated in export price. In general, production showed a mild expansion. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Non-Electrical Lamp Exports

Exports in Asia-Pacific

In 2023, after two years of growth, there was significant decline in overseas shipments of non-electrical lamps and lighting fittings, when their volume decreased by X% to X units. Overall, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked at X units in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, non-electrical lamp exports dropped to $X in 2023. Over the period under review, exports continue to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2022, and then fell in the following year.

Exports by Country

China prevails in exports structure, reaching X units, which was near X% of total exports in 2023. India (X units) held a relatively small share of total exports.

Exports from China decreased at an average annual rate of X% from 2012 to 2023. At the same time, India (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest non-electrical lamp supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by India ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value in China totaled X%.

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per unit, with an increase of X% against the previous year. Export price indicated pronounced growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, non-electrical lamp export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked in 2023 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per unit), while China stood at $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%).

Non-Electrical Lamp Imports

Imports in Asia-Pacific

In 2023, overseas purchases of non-electrical lamps and lighting fittings decreased by X% to X units for the first time since 2020, thus ending a two-year rising trend. In general, imports recorded a mild decline. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2023, imports remained at a lower figure.

In value terms, non-electrical lamp imports reduced notably to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X%. The level of import peaked at $X in 2022, and then shrank notably in the following year.

Imports by Country

In 2023, Malaysia (X units) and Thailand (X units) represented the largest importers of non-electrical lamps and lighting fittings in Asia-Pacific, together finishing at near X% of total imports. It was distantly followed by India (X units), the Philippines (X units), Australia (X units) and Indonesia (X units), together constituting a X% share of total imports. The following importers - South Korea (X units), Vietnam (X units), Japan (X units), Cambodia (X units) and Singapore (X units) - together made up X% of total imports.

From 2012 to 2023, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Australia ($X) and the Philippines ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

The Philippines, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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 Asia-Pacific stood at $X per unit in 2023, remaining constant against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2014 an increase of X%. The level of import peaked at $X per unit in 2019; afterwards, it flattened through to 2023.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Singapore ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform