Asia: Electric Filament Lamp Market 2024

Electric Filament Lamp Market Size in Asia

The Asian electric filament lamp market reduced to $X in 2021, waning by -6.8% against the previous year. In general, consumption continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 with an increase of 3.1% against the previous year. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Electric Filament Lamp Production in Asia

In value terms, electric filament lamp production fell slightly to $X in 2021 estimated in export price. In general, production continues to indicate a noticeable slump. The most prominent rate of growth was recorded in 2020 with an increase of 6.7%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Electric Filament Lamp Exports

Exports in Asia

In 2021, shipments abroad of electric filament lamps increased by 5.7% to X units, rising for the second consecutive year after four years of decline. Over the period under review, exports continue to indicate perceptible growth. The most prominent rate of growth was recorded in 2020 with an increase of 118% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, electric filament lamp exports surged to $X in 2021. In general, exports, however, recorded a pronounced downturn. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

China dominates exports structure, reaching X units, which was near 83% of total exports in 2021. Thailand (X units), Japan (X units), South Korea (X units) and Kyrgyzstan (X units) held a little share of total exports.

China was also the fastest-growing in terms of the electric filament lamps exports, with a CAGR of +11.7% from 2012 to 2021. At the same time, Thailand (+8.4%) displayed positive paces of growth. By contrast, Japan (-4.8%), South Korea (-6.1%) and Kyrgyzstan (-9.0%) illustrated a downward trend over the same period. China (+42 p.p.) significantly strengthened its position in terms of the total exports, while Japan, South Korea and Kyrgyzstan saw its share reduced by -3.4%, -3.4% and -4.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest electric filament lamp supplier in Asia, comprising 73% of total exports. The second position in the ranking was taken by Japan ($X), with an 11% share of total exports. It was followed by South Korea, with a 4% share.

From 2012 to 2021, the average annual growth rate of value in China stood at -1.1%. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (-7.1% per year) and South Korea (-2.0% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, surging by 9% against the previous year. Over the period under review, the export price, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2014 an increase of 19% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the export prices remained at a somewhat lower figure.

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 Japan ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+4.4%), while the other leaders experienced a decline in the export price figures.

Electric Filament Lamp Imports

Imports in Asia

In 2021, purchases abroad of electric filament lamps was finally on the rise to reach X units for the first time since 2016, thus ending a four-year declining trend. Overall, imports, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 47%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, electric filament lamp imports totaled $X in 2021. In general, imports, however, continue to indicate a perceptible slump. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Indonesia represented the major importer of electric filament lamps in Asia, with the volume of imports reaching X units, which was approx. 23% of total imports in 2021. The Philippines (X units) held a 6.5% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (5.9%), China (5.6%), the United Arab Emirates (5.6%), India (5.1%), South Korea (5%) and Japan (4.6%). The following importers - Malaysia (X units), Cambodia (X units), Turkey (X units), Iraq (X units) and Taiwan (Chinese) (X units) - together made up 18% of total imports.

From 2012 to 2021, average annual rates of growth with regard to electric filament lamp imports into Indonesia stood at -3.4%. At the same time, Cambodia (+55.3%) and Iraq (+14.7%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in Asia, with a CAGR of +55.3% from 2012-2021. The United Arab Emirates experienced a relatively flat trend pattern. By contrast, India (-2.1%), Malaysia (-3.4%), Thailand (-3.5%), South Korea (-4.0%), Taiwan (Chinese) (-4.2%), the Philippines (-7.2%), Japan (-8.0%), Turkey (-10.7%) and China (-11.7%) illustrated a downward trend over the same period. Cambodia (+4.2 p.p.), Indonesia (+3.4 p.p.), Iraq (+2.7 p.p.) and the United Arab Emirates (+2.1 p.p.) significantly strengthened its position in terms of the total imports, while the Philippines, Turkey and China saw its share reduced by -1.5%, -2.7% and -5.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X), China ($X) and the Philippines ($X) were the countries with the highest levels of imports in 2021, with a combined 31% share of total imports. India, Thailand, Malaysia, Cambodia, the United Arab Emirates, Japan, South Korea, Taiwan (Chinese), Turkey and Iraq lagged somewhat behind, together accounting for a further 51%.

Cambodia, with a CAGR of +57.1%, 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 leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2021, approximately mirroring the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 39% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2018; however, from 2019 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 China ($X per unit), while Indonesia ($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 (+25.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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