ASEAN: Tungsten Halogen Lamp Market 2024

Tungsten Halogen Lamp Market Size in ASEAN

In 2021, the ASEAN tungsten halogen lamp market decreased by -1.3% to $X, falling for the third year in a row after two years of growth. The market value increased at an average annual rate of +3.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Tungsten Halogen Lamp Production in ASEAN

In value terms, tungsten halogen lamp production surged to $X in 2021 estimated in export price. The total production indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -15.2% against 2018 indices. The growth pace was the most rapid in 2017 when the production volume increased by 25% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Tungsten Halogen Lamp Exports

Exports in ASEAN

Tungsten halogen lamp exports fell to X units in 2021, which is down by -6.4% against the previous year's figure. In general, exports saw a pronounced slump. The pace of growth was the most pronounced in 2020 with an increase of 29%. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, tungsten halogen lamp exports rose rapidly to $X in 2021. Overall, exports saw a mild reduction. The pace of growth was the most pronounced in 2017 with an increase of 14% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Singapore (X units) and Malaysia (X units) were the key exporters of tungsten halogen lamps in ASEAN, together constituting 66% of total exports. Vietnam (X units) held a 14% share (based on physical terms) of total exports, which put it in second place, followed by Thailand (9.9%) and the Philippines (8.5%). Indonesia (X units) held a little share of total exports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +13.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Singapore ($X) and Vietnam ($X) constituted the countries with the highest levels of exports in 2021, together accounting for 83% of total exports.

In terms of the main exporting countries, Malaysia, with a CAGR of +23.1%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2021, jumping by 15% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2017 an increase of 16% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+8.9%), while the other leaders experienced more modest paces of growth.

Tungsten Halogen Lamp Imports

Imports in ASEAN

In 2021, overseas purchases of tungsten halogen lamps decreased by -50.5% to X units for the first time since 2018, thus ending a two-year rising trend. In general, imports continue to indicate a slight slump. The most prominent rate of growth was recorded in 2020 with an increase of 63% against the previous year. As a result, imports reached the peak of X units, and then reduced notably in the following year.

In value terms, tungsten halogen lamp imports rose sharply to $X in 2021. Overall, imports continue to indicate a slight curtailment. The growth pace was the most rapid in 2017 with an increase of 50% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Indonesia was the main importing country with an import of around X units, which finished at 49% of total imports. It was distantly followed by Thailand (X units), Vietnam (X units), the Philippines (X units), Singapore (X units), Myanmar (X units) and Malaysia (X units), together mixing up a 49% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to tungsten halogen lamp imports into Indonesia stood at +4.8%. At the same time, Myanmar (+9.1%) and Vietnam (+5.5%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in ASEAN, with a CAGR of +9.1% from 2012-2021. By contrast, Malaysia (-1.8%), Thailand (-4.5%), Singapore (-8.6%) and the Philippines (-15.0%) illustrated a downward trend over the same period. Indonesia (+21 p.p.), Vietnam (+3.9 p.p.) and Myanmar (+3.2 p.p.) significantly strengthened its position in terms of the total imports, while Thailand, Singapore and the Philippines saw its share reduced by -4.7%, -6.4% and -19.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X), Indonesia ($X) and Vietnam ($X) constituted the countries with the highest levels of imports in 2021, together comprising 60% of total imports. The Philippines, Singapore, Malaysia and Myanmar lagged somewhat behind, together accounting for a further 39%.

In terms of the main importing countries, the Philippines, with a CAGR of +26.5%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2021, picking up by 117% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+49.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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