South-Eastern Asia: Tungsten Halogen Lamp Market 2024

Tungsten Halogen Lamp Market Size in South-Eastern Asia

In 2021, the Southeast Asian tungsten halogen lamp market decreased by -1.3% to $X, falling for the third consecutive year after two years of growth. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Tungsten Halogen Lamp Production in South-Eastern Asia

In value terms, tungsten halogen lamp production soared to $X in 2021 estimated in export price. The total production indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -15.2% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 25%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Tungsten Halogen Lamp Exports

Exports in South-Eastern Asia

In 2021, the amount of tungsten halogen lamps exported in South-Eastern Asia contracted to X units, which is down by -6.4% against the previous year. Overall, exports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 29%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

In value terms, tungsten halogen lamp exports expanded notably to $X in 2021. Over the period under review, exports showed a mild curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 14% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Singapore (X units) and Malaysia (X units) represented the major exporters of tungsten halogen lamps in 2021, finishing at near 36% and 30% of total exports, respectively. Vietnam (X units) took the next position in the ranking, followed by Thailand (X units) and the Philippines (X units). All these countries together held near 32% share of total exports. Indonesia (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Malaysia (with a CAGR of +13.0%), while the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Singapore ($X) and Vietnam ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 83% share of total exports.

Malaysia, with a CAGR of +23.1%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2021, growing by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.0%. The most prominent rate of growth was recorded in 2017 when the export price increased by 16%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, 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 Malaysia (+8.9%), while the other leaders experienced more modest paces of growth.

Tungsten Halogen Lamp Imports

Imports in South-Eastern Asia

After two years of growth, supplies from abroad of tungsten halogen lamps decreased by -50.4% to X units in 2021. Overall, imports continue to indicate a mild decline. The most prominent rate of growth was recorded in 2020 when imports increased by 63% against the previous year. As a result, imports reached the peak of X units, and then contracted rapidly in the following year.

In value terms, tungsten halogen lamp imports stood at $X in 2021. In general, imports recorded a slight slump. The most prominent rate of growth was recorded in 2017 when imports increased by 50% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Indonesia represented the major importer of tungsten halogen lamps in South-Eastern Asia, with the volume of imports accounting for X units, which was approx. 48% of total imports in 2021. Thailand (X units) took the second position in the ranking, distantly followed by Vietnam (X units), the Philippines (X units), Singapore (X units), Myanmar (X units) and Malaysia (X units). All these countries together took approx. 48% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to tungsten halogen lamp imports into Indonesia stood at +4.8%. At the same time, Myanmar (+9.1%) and Vietnam (+5.5%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +9.1% from 2012-2021. By contrast, Malaysia (-1.8%), Thailand (-4.5%), Singapore (-8.6%) and the Philippines (-15.0%) illustrated a downward trend over the same period. While the share of Indonesia (+21 p.p.), Vietnam (+3.9 p.p.) and Myanmar (+3.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Thailand (-4.8 p.p.), Singapore (-6.4 p.p.) and the Philippines (-19.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest tungsten halogen lamp importing markets in South-Eastern Asia were Thailand ($X), Indonesia ($X) and Vietnam ($X), together accounting for 60% of total imports. The Philippines, Singapore, Malaysia and Myanmar lagged somewhat behind, together accounting for a further 39%.

The Philippines, with a CAGR of +26.5%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per unit, increasing by 116% against the previous year. Overall, the import price saw a relatively flat trend pattern. Over the period under review, import prices attained the maximum at $X per unit in 2017; however, from 2018 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 Vietnam ($X per unit), while Indonesia ($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 (+49.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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