Asia-Pacific: Fluorescent Discharge Lamps Market 2024

Fluorescent Discharge Lamps Market Size in Asia-Pacific

In 2021, the Asia-Pacific fluorescent discharge lamps market increased by 14% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, saw a deep contraction. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Fluorescent Discharge Lamps Production in Asia-Pacific

In value terms, fluorescent discharge lamps production expanded significantly to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt decline. The level of production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Fluorescent Discharge Lamps Exports

Exports in Asia-Pacific

In 2021, overseas shipments of fluorescent discharge lamps decreased by -10% to X units, falling for the eighth year in a row after two years of growth. Over the period under review, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 4.4%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, fluorescent discharge lamps exports reduced to $X in 2021. In general, exports recorded a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of 9.7%. 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 dominates exports structure, reaching X units, which was approx. 89% of total exports in 2021. It was distantly followed by Hong Kong SAR (X units), creating a 5.2% share of total exports. India (X units) held a minor 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 the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest fluorescent discharge lamps supplier in Asia-Pacific, comprising 83% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 2.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at -14.5%. 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-Pacific amounted to $X per unit, surging by 8.9% against the previous year. In general, 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 36% against the previous year. The level of export peaked 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-Pacific

In 2021, purchases abroad of fluorescent discharge lamps decreased by -11.6% to X units, falling for the eighth consecutive year after two years of growth. In general, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 7.4%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, fluorescent discharge lamps imports fell to $X in 2021. Over the period under review, imports recorded a abrupt downturn. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The purchases of the eight major importers of fluorescent discharge lamps, namely Indonesia, South Korea, Hong Kong SAR, Thailand, Japan, Taiwan (Chinese), Malaysia and Singapore, represented more than two-thirds of total import. Australia (X units), Pakistan (X units), Democratic People's Republic of Korea (X units), the Philippines (X units) and China (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Democratic People's Republic of Korea (with a CAGR of +36.1%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, China ($X) constitutes the largest market for imported fluorescent discharge lamps in Asia-Pacific, comprising 27% of total imports. The second position in the ranking was held by Japan ($X), with an 11% share of total imports. It was followed by Indonesia, with a 9.8% share.

In China, fluorescent discharge lamps imports plunged by an average annual rate of -14.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-17.1% per year) and Indonesia (-15.5% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per unit, surging by 9.3% against the previous year. Import price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, fluorescent discharge lamps import price increased by +65.8% against 2014 indices. The most prominent rate of growth was recorded in 2019 when the import price increased by 21% against the previous year. Over the period under review, import prices hit record highs in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per unit), while Pakistan ($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 (+18.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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