Tungsten Halogen Lamp Market

The global market for tungsten halogen lamps is projected to contract with an anticipated CAGR of -2.5% in volume and -0.0% in value from 2022 to 2030. Consumption and production have both seen setbacks, with China being the largest consumer and producer of these lamps. Import and export trends have also shown declines, with China dominating the export market. Average prices for imports and exports have shown moderate growth over the last decade, with significant variations among different countries.

Market Forecast

Depressed by shrinking demand for tungsten halogen lamp worldwide, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -2.5% for the period from 2022 to 2030, which is projected to depress the market volume to 7.3B units by the end of 2030.

In value terms, the market is forecast to contract with an anticipated CAGR of -0.0% for the period from 2022 to 2030, which is projected to bring the market value to $13.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Tungsten Halogen Lamps

In 2022, the amount of tungsten halogen lamps consumed worldwide expanded slightly to 8.9B units, increasing by 4.6% compared with the year before. In general, consumption, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 9.3%. Over the period under review, global consumption attained the peak volume at 17B units in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

The global tungsten halogen lamp market size rose modestly to $13.6B in 2022, with an increase of 3.9% 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). Overall, consumption, however, saw a abrupt slump. Over the period under review, the global market hit record highs at $24.7B in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Consumption By Country

China (3.2B units) remains the largest tungsten halogen lamp consuming country worldwide, accounting for 36% of total volume. Moreover, tungsten halogen lamp consumption in China exceeded the figures recorded by the second-largest consumer, India (1.2B units), threefold. The United States (1.2B units) ranked third in terms of total consumption with a 13% share.

From 2012 to 2022, the average annual growth rate of volume in China stood at -4.1%. The remaining consuming countries recorded the following average annual rates of consumption growth: India (-5.0% per year) and the United States (-3.5% per year).

In value terms, the largest tungsten halogen lamp markets worldwide were the United States ($3.6B), Italy ($2.1B) and China ($1.6B), with a combined 54% share of the global market.

Among the main consuming countries, Italy, with a CAGR of -0.6%, recorded the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced a decline in the market figures.

The countries with the highest levels of tungsten halogen lamp per capita consumption in 2022 were Italy (5.4 units per person), Saudi Arabia (3.9 units per person) and Spain (3.6 units per person).

From 2012 to 2022, the biggest increases were recorded for Italy (with a CAGR of -0.6%), while consumption for the other global leaders experienced a decline in the per capita consumption figures.

Production

World Production of Tungsten Halogen Lamps

Global tungsten halogen lamp production totaled 9.2B units in 2022, growing by 2.3% on 2021 figures. In general, production, however, saw a deep contraction. The growth pace was the most rapid in 2020 with an increase of 9.3%. Global production peaked at 18B units in 2012; however, from 2013 to 2022, production failed to regain momentum.

In value terms, tungsten halogen lamp production expanded significantly to $11.6B in 2022 estimated in export price. Overall, production, however, saw a deep slump. The pace of growth appeared the most rapid in 2020 when the production volume increased by 27%. Global production peaked at $23B in 2013; however, from 2014 to 2022, production failed to regain momentum.

Production By Country

China (4.2B units) constituted the country with the largest volume of tungsten halogen lamp production, comprising approx. 45% of total volume. Moreover, tungsten halogen lamp production in China exceeded the figures recorded by the second-largest producer, India (1.2B units), fourfold. The United States (1.1B units) ranked third in terms of total production with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China amounted to -4.6%. In the other countries, the average annual rates were as follows: India (-5.2% per year) and the United States (-3.5% per year).

Imports

World Imports of Tungsten Halogen Lamps

In 2022, the amount of tungsten halogen lamps imported worldwide shrank to 990M units, falling by -13.2% against the previous year's figure. Over the period under review, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of 10% against the previous year. As a result, imports reached the peak of 3.1B units. From 2014 to 2022, the growth of global imports failed to regain momentum.

In value terms, tungsten halogen lamp imports shrank to $1.3B in 2022. Overall, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. Global imports peaked at $3B in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports By Country

The purchases of the four major importers of tungsten halogen lamps, namely the United States, Brazil, Russia and India, represented more than third of total import. The following importers - China (43M units), Taiwan (Chinese) (35M units), Mexico (31M units), Turkey (27M units), Thailand (24M units), Iran (22M units), the UK (21M units), France (20M units) and Romania (20M units) - together made up 25% of total imports.

From 2012 to 2022, the biggest increases were recorded for Iran (with a CAGR of +3.1%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($172M), France ($95M) and China ($60M) were the countries with the highest levels of imports in 2022, together comprising 25% of global imports. Taiwan (Chinese), Russia, Brazil, India, Mexico, the UK, Thailand, Turkey, Romania and Iran lagged somewhat behind, together accounting for a further 21%.

Taiwan (Chinese), with a CAGR of +3.6%, saw 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 global leaders experienced more modest paces of growth.

Import Prices By Country

The average tungsten halogen lamp import price stood at $1.3 per unit in 2022, picking up by 3% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 24% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was France ($4.7 per unit), while Brazil ($0.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+19.7%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Tungsten Halogen Lamps

Global tungsten halogen lamp exports declined markedly to 1.2B units in 2022, shrinking by -21.1% against the previous year's figure. Over the period under review, exports saw a deep slump. The pace of growth was the most pronounced in 2013 with an increase of 11% against the previous year. The global exports peaked at 3.9B units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, tungsten halogen lamp exports contracted to $1.3B in 2022. Overall, exports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2013 when exports increased by 9.7%. As a result, the exports attained the peak of $3.1B. From 2014 to 2022, the growth of the global exports remained at a somewhat lower figure.

Exports By Country

China prevails in exports structure, reaching 961M units, which was near 77% of total exports in 2022. Japan (48M units), Germany (38M units), South Korea (29M units), the United States (24M units) and Belarus (20M units) took a little share of total exports.

Exports from China decreased at an average annual rate of -6.1% from 2012 to 2022. At the same time, Belarus (+15.0%) and Japan (+1.6%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the world, with a CAGR of +15.0% from 2012-2022. By contrast, South Korea (-4.7%), the United States (-5.4%) and Germany (-23.5%) illustrated a downward trend over the same period. China (+23 p.p.) and Japan (+2.6 p.p.) significantly strengthened its position in terms of the global exports, while Germany saw its share reduced by -13.3% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($367M), Germany ($325M) and the United States ($83M) were the countries with the highest levels of exports in 2022, together accounting for 60% of global exports. Japan, South Korea and Belarus lagged somewhat behind, together comprising a further 9.4%.

Japan, with a CAGR of +2.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.

Export Prices By Country

The average tungsten halogen lamp export price stood at $1 per unit in 2022, growing by 8.4% against the previous year. Overall, export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, tungsten halogen lamp export price increased by +57.9% against 2018 indices. The most prominent rate of growth was recorded in 2020 an increase of 30% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($8.6 per unit), while Belarus (less than $0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+18.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform