Eastern Asia: Tungsten Halogen Lamp Market 2024

Tungsten Halogen Lamp Market Size in Eastern Asia

In 2021, the East Asian tungsten halogen lamp market increased by 5.1% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption recorded a noticeable contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Tungsten Halogen Lamp Production in Eastern Asia

In value terms, tungsten halogen lamp production expanded sharply to $X in 2021 estimated in export price. Over the period under review, production showed a pronounced reduction. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Tungsten Halogen Lamp Exports

Exports in Eastern Asia

In 2021, overseas shipments of tungsten halogen lamps increased by 44% to X units, rising for the second year in a row after five years of decline. Overall, exports recorded a temperate expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 63% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, tungsten halogen lamp exports expanded rapidly to $X in 2021. Over the period under review, exports, however, saw a pronounced reduction. The pace of growth was the most pronounced in 2020 when exports increased by 20%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

China dominates exports structure, accounting for X units, which was near 88% of total exports in 2021. It was distantly followed by South Korea (X units), creating a 6.9% share of total exports. Taiwan (Chinese) (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +3.8% from 2012 to 2021. At the same time, Taiwan (Chinese) (+21.1%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +21.1% from 2012-2021. By contrast, South Korea (-5.3%) illustrated a downward trend over the same period. China (+8 p.p.) and Taiwan (Chinese) (+2.7 p.p.) significantly strengthened its position in terms of the total exports, while South Korea saw its share reduced by -7.3% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest tungsten halogen lamp supplier in Eastern Asia, comprising 76% of total exports. The second position in the ranking was taken by South Korea ($X), with a 7.6% share of total exports.

In China, tungsten halogen lamp exports declined by an average annual rate of -4.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (-4.6% per year) and Taiwan (Chinese) (+9.7% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2021, dropping by -20.9% against the previous year. Over the period under review, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in 2017 when the export price increased by 17%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while Taiwan (Chinese) ($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 (+0.8%), while the other leaders experienced a decline in the export price figures.

Tungsten Halogen Lamp Imports

Imports in Eastern Asia

For the fifth consecutive year, Eastern Asia recorded decline in supplies from abroad of tungsten halogen lamps, which decreased by less than 0.1% to X units in 2021. Overall, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 17%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, tungsten halogen lamp imports expanded significantly to $X in 2021. In general, imports saw a abrupt curtailment. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The purchases of the three major importers of tungsten halogen lamps, namely South Korea, Taiwan (Chinese) and China, represented more than two-thirds of total import. It was distantly followed by Japan (X units), committing a 12% share of total imports. Hong Kong SAR (X units) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Taiwan (Chinese) (with a CAGR of -2.3%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, China ($X), Taiwan (Chinese) ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 81% of total imports.

Among the main importing countries, Taiwan (Chinese), with a CAGR of +2.7%, 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 Eastern Asia amounted to $X per unit, rising by 9.4% against the previous year. Over the last nine years, it increased at an average annual rate of +4.5%. The most prominent rate of growth was recorded in 2020 when the import price increased by 20% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while South Korea ($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 (+11.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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