Eastern Asia: Fluorescent Discharge Lamps Market 2024

Fluorescent Discharge Lamps Market Size in Eastern Asia

In 2021, the East Asian fluorescent discharge lamps market increased by 19% to $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption, however, continues to indicate a abrupt descent. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Fluorescent Discharge Lamps Production in Eastern Asia

In value terms, fluorescent discharge lamps production rose notably to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a deep reduction. 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 Eastern Asia

In 2021, shipments abroad of fluorescent discharge lamps decreased by -11.2% to X units, falling for the eighth consecutive year after two years of growth. Overall, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of 5.2%. 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 dropped to $X in 2021. In general, exports showed a abrupt decline. The growth pace was the most rapid in 2013 when exports increased by 11% 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 somewhat lower figure.

Exports by Country

China dominates exports structure, finishing at X units, which was approx. 93% of total exports in 2021. It was distantly followed by Hong Kong SAR (X units), mixing up a 5.5% share of total exports.

Exports from China decreased at an average annual rate of -15.0% from 2012 to 2021. Hong Kong SAR (-9.1%) illustrated a downward trend over the same period. While the share of Hong Kong SAR (+2.4 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest fluorescent discharge lamps supplier in Eastern Asia, comprising 89% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 2.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China stood at -14.5%.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, growing by 7.8% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the export price increased by 41%. 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 failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($X per unit), while Hong Kong SAR totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.6%).

Fluorescent Discharge Lamps Imports

Imports in Eastern Asia

For the ninth consecutive year, Eastern Asia recorded decline in supplies from abroad of fluorescent discharge lamps, which decreased by -2.6% to X units in 2021. In general, imports continue to indicate a abrupt contraction. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, fluorescent discharge lamps imports stood at $X in 2021. Over the period under review, imports faced a abrupt descent. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The purchases of the four major importers of fluorescent discharge lamps, namely South Korea, Hong Kong SAR, Japan and Taiwan (Chinese), represented more than two-thirds of total import. Democratic People's Republic of Korea (X units) held the next position in the ranking, followed by China (X units). All these countries together held near 11% share of total imports.

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 ($X) constitutes the largest market for imported fluorescent discharge lamps in Eastern Asia, comprising 43% of total imports. The second position in the ranking was taken by Japan ($X), with a 17% share of total imports. It was followed by Hong Kong SAR, with a 15% share.

In China, fluorescent discharge lamps imports shrank by an average annual rate of -14.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (-17.1% per year) and Hong Kong SAR (-14.9% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per unit, picking up by 3.2% against the previous year. Overall, the import price, however, continues to indicate a slight decrease. The pace of growth appeared the most rapid in 2016 an increase of 15%. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was China ($X per unit), while Democratic People's Republic of Korea ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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