South-Eastern Asia: Electric Filament Lamp Market 2024

Electric Filament Lamp Market Size in South-Eastern Asia

In 2021, after two years of growth, there was decline in the Southeast Asian electric filament lamp market, when its value decreased by -1.2% to $X. Over the period under review, consumption saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2016 when the market value increased by 9.4% against the previous year. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Electric Filament Lamp Production in South-Eastern Asia

In value terms, electric filament lamp production shrank to $X in 2021 estimated in export price. Over the period under review, production showed a perceptible curtailment. The growth pace was the most rapid in 2019 with an increase of 11%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Electric Filament Lamp Exports

Exports in South-Eastern Asia

In 2021, the amount of electric filament lamps exported in South-Eastern Asia soared to X units, with an increase of 24% against 2020 figures. In general, exports, however, recorded a deep slump. The pace of growth appeared the most rapid in 2020 when exports increased by 39%. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, electric filament lamp exports soared to $X in 2021. Overall, exports, however, showed a abrupt slump. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand was the largest exporter of electric filament lamps in South-Eastern Asia, with the volume of exports amounting to X units, which was near 71% of total exports in 2021. Vietnam (X units) took the second position in the ranking, followed by Indonesia (X units). All these countries together took near 21% share of total exports. Singapore (X units) and Cambodia (X units) held a minor share of total exports.

Thailand was also the fastest-growing in terms of the electric filament lamps exports, with a CAGR of +8.4% from 2012 to 2021. At the same time, Vietnam (+1.7%) displayed positive paces of growth. By contrast, Cambodia (-10.3%), Singapore (-13.0%) and Indonesia (-31.7%) illustrated a downward trend over the same period. While the share of Thailand (+61 p.p.) and Vietnam (+10 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Indonesia (-61.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest electric filament lamp supplier in South-Eastern Asia, comprising 54% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 21% share of total exports. It was followed by Cambodia, with an 8.4% share.

In Thailand, electric filament lamp exports declined by an average annual rate of -4.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Vietnam (+0.9% per year) and Cambodia (+2.2% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per unit, shrinking by -4.5% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 60%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cambodia ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (+13.8%), while the other leaders experienced mixed trends in the export price figures.

Electric Filament Lamp Imports

Imports in South-Eastern Asia

In 2021, supplies from abroad of electric filament lamps increased by 24% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, continue to indicate a pronounced contraction. The pace of growth appeared the most rapid in 2016 with an increase of 127% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, electric filament lamp imports soared to $X in 2021. The total import value increased at an average annual rate of +1.1% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia represented the major importing country with an import of around X units, which resulted at 49% of total imports. It was distantly followed by the Philippines (X units), Thailand (X units), Malaysia (X units) and Cambodia (X units), together mixing up a 45% share of total imports. The following importers - Vietnam (X units) and Singapore (X units) - together made up 4.9% of total imports.

From 2012 to 2021, average annual rates of growth with regard to electric filament lamp imports into Indonesia stood at -3.4%. At the same time, Cambodia (+55.3%) and Vietnam (+3.8%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +55.3% from 2012-2021. By contrast, Malaysia (-3.4%), Thailand (-3.5%), the Philippines (-7.2%) and Singapore (-12.6%) illustrated a downward trend over the same period. While the share of Cambodia (+8.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Singapore (-3 p.p.) and the Philippines (-6.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electric filament lamp importing markets in South-Eastern Asia were Indonesia ($X), the Philippines ($X) and Thailand ($X), with a combined 63% share of total imports. These countries were followed by Malaysia, Cambodia, Vietnam and Singapore, which together accounted for a further 35%.

Cambodia, with a CAGR of +57.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2021, waning by -5.9% against the previous year. In general, the import price, however, saw moderate growth. The growth pace was the most rapid in 2017 an increase of 95% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the Philippines ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+25.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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