Thailand: Market for Special-Purpose Electric Lamps and Lighting Fittings 2024

Market Size for Special-Purpose Electric Lamps and Lighting Fittings in Thailand

The Thai market for special-purpose electric lamps and lighting fittings declined notably to $X in 2022, waning by X% against the previous year. In general, consumption continues to indicate a abrupt shrinkage. As a result, consumption reached the peak level of $X, and then shrank sharply in the following year.

Production of Special-Purpose Electric Lamps and Lighting Fittings in Thailand

In value terms, production of special-purpose electric lamps and lighting fittings shrank significantly to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable slump. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Production of peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Exports of Special-Purpose Electric Lamps and Lighting Fittings

Exports from Thailand

In 2022, overseas shipments of special-purpose electric lamps and lighting fittings decreased by X% to X units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units, and then contracted in the following year.

In value terms, exports of special-purpose electric lamps and lighting fittings reduced dramatically to $X in 2022. Over the period under review, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then reduced remarkably in the following year.

Exports by Country

The United States (X units) was the main destination for exports of special-purpose electric lamps and lighting fittings from Thailand, accounting for a X% share of total exports. Moreover, exports of special-purpose electric lamps and lighting fittings to the United States exceeded the volume sent to the second major destination, Japan (X units), more than tenfold. Germany (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Germany (X% per year).

In value terms, the United States ($X) remains the key foreign market for special-purpose electric lamps and lighting fittings exports from Thailand, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Australia (X% per year).

Export Prices by Country

The average export price for special-purpose electric lamps and lighting fittings stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Lao People's Democratic Republic ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced a decline.

Imports of Special-Purpose Electric Lamps and Lighting Fittings

Imports into Thailand

In 2022, supplies from abroad of special-purpose electric lamps and lighting fittings decreased by X% to X units for the first time since 2011, thus ending a ten-year rising trend. Over the period under review, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of X units, and then reduced dramatically in the following year.

In value terms, imports of special-purpose electric lamps and lighting fittings dropped rapidly to $X in 2022. In general, imports showed a precipitous shrinkage. The pace of growth was the most pronounced in 2014 with an increase of X%. Imports peaked at $X in 2021, and then shrank remarkably in the following year.

Imports by Country

In 2022, China (X units) was the main supplier of special-purpose electric lamp and lighting fitting to Thailand, with a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%.

In value terms, China ($X) constituted the largest supplier of special-purpose electric lamps and lighting fittings to Thailand.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%.

Import Prices by Country

In 2022, the average import price for special-purpose electric lamps and lighting fittings amounted to $X per unit, with a decrease of X% against the previous year. Overall, the import price faced a abrupt slump. The growth pace was the most rapid in 2013 an increase of X%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Source: IndexBox Platform

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