China: Electric Lamp Market 2024

Electric Lamp Market Size in China

The Chinese electric lamp market fell notably to $X in 2022, with a decrease of X% against the previous year. Overall, consumption, however, saw a mild descent. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Electric Lamp Production in China

In value terms, electric lamp production amounted to $X in 2022 estimated in export price. Overall, production, however, posted a buoyant expansion. The growth pace was the most rapid in 2018 when the production volume increased by X%. Electric lamp production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Electric Lamp Exports

Exports from China

After five years of growth, overseas shipments of electric lamps decreased by X% to X units in 2022. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked at X units in 2021, and then contracted significantly in the following year.

In value terms, electric lamp exports shrank markedly to $X in 2022. Over the period under review, exports showed a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units), Indonesia (X units) and Argentina (X units) were the main destinations of electric lamp exports from China, together accounting for X% of total exports.

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

In value terms, the United States ($X) remains the key foreign market for electric lamps exports from China, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and India (X% per year).

Export Prices by Country

The average electric lamp export price stood at $X per unit in 2022, with a decrease of X% against the previous year. In general, the export price saw a abrupt shrinkage. The growth pace was the most rapid in 2017 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Argentina (less than $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 (X%), while the prices for the other major destinations experienced a decline.

Electric Lamp Imports

Imports into China

In 2022, the amount of electric lamps imported into China declined markedly to X units, reducing by X% against the year before. Overall, imports showed a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, electric lamp imports dropped to $X in 2022. Over the period under review, imports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Japan (X units), Taiwan (Chinese) (X units) and Slovakia (X units) were the main suppliers of electric lamp imports to China, with a combined X% 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 Slovakia (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Japan ($X), Germany ($X) and Taiwan (Chinese) ($X) appeared to be the largest electric lamp suppliers to China, with a combined X% share of total imports. The United States, South Korea, Poland, Hungary, France and Slovakia lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average electric lamp import price amounted to $X per unit, with an increase of X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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