India: Electric Lamp Market 2024

Electric Lamp Market Size in India

The Indian electric lamp market shrank to $X in 2022, falling by X% against the previous year. Over the period under review, consumption recorded a noticeable contraction. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Electric Lamp Production in India

In value terms, electric lamp production shrank modestly to $X in 2022 estimated in export price. In general, production showed a pronounced setback. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Electric lamp production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Electric Lamp Exports

Exports from India

In 2022, electric lamp exports from India shrank remarkably to X units, dropping by X% on the previous year. Overall, exports saw a abrupt curtailment. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, electric lamp exports reduced modestly to $X in 2022. In general, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Sri Lanka (X units), Luxembourg (X units) and Indonesia (X units) were the main destinations of electric lamp exports from India, together comprising X% of total exports. Nicaragua, Thailand, the United States, Germany, Guatemala, Brazil, Bangladesh, South Africa, Kenya and Egypt lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electric lamp exported from India were the United States ($X), Sri Lanka ($X) and Luxembourg ($X), together accounting for X% of total exports. Germany, Thailand, Brazil, Indonesia, Bangladesh, Nicaragua, Egypt, South Africa, Guatemala and Kenya lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Indonesia, 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 electric lamp export price stood at $X per unit in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Nicaragua ($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 Sri Lanka (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Lamp Imports

Imports into India

In 2022, overseas purchases of electric lamps decreased by X% to X units, falling for the fourth consecutive year after two years of growth. Overall, imports continue to indicate a pronounced curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, electric lamp imports rose markedly to $X in 2022. In general, imports continue to indicate a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electric lamp to India, accounting for a X% share of total imports. Moreover, electric lamp imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), threefold. The Netherlands (X units) ranked third in terms of total imports with an X% share.

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

In value terms, China ($X), Germany ($X) and South Korea ($X) constituted the largest electric lamp suppliers to India, with a combined X% share of total imports. Taiwan (Chinese), the Netherlands and Japan lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average electric lamp import price stood at $X per unit in 2022, rising by X% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X%. The import price peaked in 2022 and is likely to continue growth in the near future.

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 Taiwan (Chinese) ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :