World - Plastic Parts For Lamps And Lighting Fittings - Market Analysis, Forecast, Size, Trends And Insights
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View PricingLamp Plastic Parts Market
The article discusses the expected growth in the global market for lamp plastic parts from 2022 to 2030, driven by rising demand worldwide. Consumption, production, import, and export statistics are analyzed, with key insights on top consuming, producing, importing, and exporting countries. Price trends and growth rates for various countries are also highlighted.
Market Forecast
Driven by rising demand for lamp plastic parts worldwide, the market is expected to start an upward consumption trend over the next eight-year period. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.0% for the period from 2022 to 2030, which is projected to bring the market volume to 266K tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +1.8% for the period from 2022 to 2030, which is projected to bring the market value to $4.1B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Plastic Parts For Lamps And Lighting Fittings
Global lamp plastic parts consumption shrank modestly to 266K tons in 2022, dropping by -2.8% on 2021. Over the period under review, consumption continues to indicate a pronounced descent. Over the period under review, global consumption hit record highs at 342K tons in 2012; however, from 2013 to 2022, consumption remained at a lower figure.
The global lamp plastic parts market value shrank slightly to $3.6B in 2022, remaining relatively unchanged against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a noticeable descent. Over the period under review, the global market hit record highs at $5B in 2012; however, from 2013 to 2022, consumption failed to regain momentum.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were China (80K tons), the United States (43K tons) and Turkey (24K tons), together accounting for 55% of global consumption.
From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +7.6%), while consumption for the other global leaders experienced mixed trends in the consumption figures.
In value terms, the largest lamp plastic parts markets worldwide were China ($733M), the United States ($671M) and Japan ($569M), with a combined 55% share of the global market. Turkey, Pakistan, Italy, the UK, Mexico and Argentina lagged somewhat behind, together accounting for a further 22%.
Among the main consuming countries, Turkey, with a CAGR of +8.4%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced mixed trends in the market figures.
In 2022, the highest levels of lamp plastic parts per capita consumption was registered in Turkey (278 kg per 1000 persons), followed by the United States (127 kg per 1000 persons), Italy (95 kg per 1000 persons) and Argentina (87 kg per 1000 persons), while the world average per capita consumption of lamp plastic parts was estimated at 34 kg per 1000 persons.
In Turkey, lamp plastic parts per capita consumption expanded at an average annual rate of +6.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (-1.9% per year) and Italy (-7.2% per year).
Production
World Production of Plastic Parts For Lamps And Lighting Fittings
In 2022, the amount of plastic parts for lamps and lighting fittings produced worldwide fell slightly to 297K tons, which is down by -2.4% on the previous year. Over the period under review, production continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2018 with an increase of 11% against the previous year. Global production peaked at 403K tons in 2012; however, from 2013 to 2022, production remained at a lower figure.
In value terms, lamp plastic parts production dropped to $4B in 2022 estimated in export price. In general, production continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2015 when the production volume increased by 11% against the previous year. Global production peaked at $5.7B in 2012; however, from 2013 to 2022, production remained at a lower figure.
Production By Country
China (143K tons) remains the largest lamp plastic parts producing country worldwide, accounting for 48% of total volume. Moreover, lamp plastic parts production in China exceeded the figures recorded by the second-largest producer, the United States (43K tons), threefold. Turkey (20K tons) ranked third in terms of total production with a 6.6% share.
From 2012 to 2022, the average annual rate of growth in terms of volume in China amounted to -3.0%. The remaining producing countries recorded the following average annual rates of production growth: the United States (-1.0% per year) and Turkey (+6.0% per year).
Imports
World Imports of Plastic Parts For Lamps And Lighting Fittings
In 2022, approx. 59K tons of plastic parts for lamps and lighting fittings were imported worldwide; shrinking by -4.2% against 2021. The total import volume increased at an average annual rate of +1.6% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 24%. As a result, imports reached the peak of 61K tons, and then shrank slightly in the following year.
In value terms, lamp plastic parts imports reduced modestly to $680M in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 19%. Over the period under review, global imports attained the maximum at $722M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
Imports By Country
In 2022, Mexico (5.8K tons), the United States (5.4K tons), Turkey (4.4K tons), Thailand (3.3K tons), Germany (2.4K tons), Poland (2K tons), Spain (2K tons), the UK (1.8K tons), Estonia (1.7K tons), Saudi Arabia (1.4K tons), South Korea (1.3K tons) and Romania (1.2K tons) represented the major importer of plastic parts for lamps and lighting fittings in the world, constituting 55% of total import. Russia (1.2K tons) held a relatively small share of total imports.
From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +31.1%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, the United States ($72M), Mexico ($50M) and Germany ($46M) constituted the countries with the highest levels of imports in 2022, with a combined 25% share of global imports. The UK, Poland, Spain, Romania, Thailand, Turkey, Russia, Estonia, South Korea and Saudi Arabia lagged somewhat behind, together accounting for a further 24%.
Thailand, with a CAGR of +26.7%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
In 2022, the average lamp plastic parts import price amounted to $11,581 per ton, increasing by 3.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2019 an increase of 11% against the previous year. As a result, import price attained the peak level of $13,054 per ton. From 2020 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($19,308 per ton), while Turkey ($3,166 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+6.8%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Plastic Parts For Lamps And Lighting Fittings
In 2022, global lamp plastic parts exports declined modestly to 90K tons, with a decrease of -2.5% against the previous year's figure. In general, exports showed a perceptible slump. The pace of growth was the most pronounced in 2017 when exports increased by 38% against the previous year. Over the period under review, the global exports attained the peak figure at 110K tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.
In value terms, lamp plastic parts exports stood at $1.1B in 2022. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 30%. Over the period under review, the global exports attained the peak figure at $1.2B in 2012; however, from 2013 to 2022, the exports remained at a lower figure.
Exports By Country
China prevails in exports structure, amounting to 64K tons, which was near 71% of total exports in 2022. The United States (5.3K tons) held a 5.9% share (based on physical terms) of total exports, which put it in second place, followed by Germany (4.7%). Mexico (3.9K tons) and Hungary (1.5K tons) held a relatively small share of total exports.
Exports from China decreased at an average annual rate of -2.9% from 2012 to 2022. At the same time, Germany (+5.9%), the United States (+3.0%), Mexico (+3.0%) and Hungary (+1.6%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing exporter exported in the world, with a CAGR of +5.9% from 2012-2022. While the share of Germany (+2.5 p.p.), the United States (+2.3 p.p.) and Mexico (+1.7 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of China (-6.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($708M) remains the largest lamp plastic parts supplier worldwide, comprising 64% of global exports. The second position in the ranking was held by the United States ($109M), with a 9.8% share of global exports. It was followed by Germany, with a 6.4% share.
From 2012 to 2022, the average annual rate of growth in terms of value in China amounted to -1.9%. The remaining exporting countries recorded the following average annual rates of exports growth: the United States (+6.9% per year) and Germany (+4.2% per year).
Export Prices By Country
In 2022, the average lamp plastic parts export price amounted to $12,312 per ton, picking up by 3% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The growth pace was the most rapid in 2015 when the average export price increased by 14% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($20,570 per ton), while Mexico ($3,023 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (+6.1%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global lamp plastic parts market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 22292400 - Plastic parts for lamps, lighting fittings and illuminated signs and name-plates
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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