Eastern Asia: Market for Ballasts For Discharge Lamps Or Tubes 2024

Market Size for Ballasts For Discharge Lamps Or Tubes in Eastern Asia

The East Asian ballast for discharge lamp market dropped slightly to $X in 2022, almost unchanged from the previous year. In general, consumption continues to indicate a noticeable descent. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Ballasts For Discharge Lamps Or Tubes in Eastern Asia

In value terms, ballast for discharge lamp production fell to $X in 2022 estimated in export price. In general, production saw a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Ballasts For Discharge Lamps Or Tubes

Exports in Eastern Asia

In 2022, approx. X units of ballasts for discharge lamps or tubes were exported in Eastern Asia; waning by X% against 2021. Over the period under review, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, ballast for discharge lamp exports shrank dramatically to $X in 2022. Overall, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China dominates exports structure, amounting to X units, which was near X% of total exports in 2022. It was distantly followed by Hong Kong SAR (X units), committing an X% share of total exports. South Korea (X units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to ballast for discharge lamp exports from China stood at X%. South Korea (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. Hong Kong SAR (X 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 ($X) remains the largest ballast for discharge lamp supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and South Korea (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the export price saw a slight contraction. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. The level of export peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced a decline in the export price figures.

Imports of Ballasts For Discharge Lamps Or Tubes

Imports in Eastern Asia

In 2022, purchases abroad of ballasts for discharge lamps or tubes decreased by X% to X units, falling for the eighth year in a row after three years of growth. In general, imports showed a abrupt curtailment. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, ballast for discharge lamp imports declined sharply to $X in 2022. Over the period under review, imports recorded a deep reduction. The growth pace was the most rapid in 2014 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Hong Kong SAR was the largest importing country with an import of around X units, which resulted at X% of total imports. Taiwan (Chinese) (X units) took the second position in the ranking, followed by South Korea (X units), China (X units) and Japan (X units). All these countries together took near X% share of total imports.

Imports into Hong Kong SAR decreased at an average annual rate of X% from 2012 to 2022. Taiwan (Chinese) (X%), South Korea (X%), China (X%) and Japan (X%) illustrated a downward trend over the same period. Taiwan (Chinese) (X p.p.) and South Korea (X p.p.) significantly strengthened its position in terms of the total imports, while China and Japan saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X), China ($X) and Taiwan (Chinese) ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Among the main importing countries, Taiwan (Chinese), with a CAGR of X%, saw 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

The import price in Eastern Asia stood at $X per unit in 2022, increasing by X% against the previous year. In general, the import price posted a pronounced increase. The pace of growth appeared the most rapid in 2017 an increase of X%. The level of import peaked in 2022 and is expected to retain 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 China ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform