Asia: Fluorescent Discharge Lamps Market 2024

Fluorescent Discharge Lamps Market Size in Asia

In 2021, the Asian fluorescent discharge lamps market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, recorded a abrupt slump. The level of consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Fluorescent Discharge Lamps Production in Asia

In value terms, fluorescent discharge lamps production expanded rapidly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt shrinkage. The level of production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Fluorescent Discharge Lamps Exports

Exports in Asia

In 2021, overseas shipments of fluorescent discharge lamps decreased by -9.5% to X units, falling for the eighth consecutive year after two years of growth. In general, exports continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2013 when exports increased by 4.3%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, fluorescent discharge lamps exports declined to $X in 2021. Over the period under review, exports recorded a abrupt contraction. The growth pace was the most rapid in 2013 when exports increased by 9.6% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, accounting for X units, which was near 88% of total exports in 2021. It was distantly followed by Hong Kong SAR (X units), committing a 5.2% share of total exports. India (X units) took a relatively small share of total exports.

Exports from China decreased at an average annual rate of -15.0% from 2012 to 2021. India (-1.0%) and Hong Kong SAR (-9.1%) illustrated a downward trend over the same period. Hong Kong SAR (+2.3 p.p.) and India (+1.6 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -1.8% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest fluorescent discharge lamps supplier in Asia, comprising 82% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 2.1% share of total exports.

In China, fluorescent discharge lamps exports shrank by an average annual rate of -14.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (-17.7% per year) and India (-12.1% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, growing by 8.7% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by 35%. Over the period under review, the export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.6%), while the other leaders experienced a decline in the export price figures.

Fluorescent Discharge Lamps Imports

Imports in Asia

In 2021, purchases abroad of fluorescent discharge lamps decreased by -10.4% to X units, falling for the eighth year in a row after two years of growth. Overall, imports showed a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of 7.8% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, fluorescent discharge lamps imports declined to $X in 2021. Over the period under review, imports saw a abrupt decline. The smallest decline of -1% was in 2013. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the twelve major importers of fluorescent discharge lamps, namely Turkey, Indonesia, South Korea, Hong Kong SAR, the United Arab Emirates, Thailand, Japan, Taiwan (Chinese), Malaysia, Kuwait, Singapore and Iran, represented more than two-thirds of total import. Iraq (X units) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Kuwait (with a CAGR of -3.7%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest fluorescent discharge lamps importing markets in Asia were Japan ($X), Indonesia ($X) and Hong Kong SAR ($X), with a combined 26% share of total imports. South Korea, Taiwan (Chinese), Turkey, Thailand, the United Arab Emirates, Malaysia, Singapore, Iraq, Kuwait and Iran lagged somewhat behind, together comprising a further 36%.

In terms of the main importing countries, Taiwan (Chinese), with a CAGR of -10.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per unit, with an increase of 2.9% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 12%. As a result, import price reached the peak level of $X per unit; afterwards, it flattened through to 2021.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per unit), while Iran ($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 (+0.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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