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Hong Kong SAR, China - Lamp Holders, Plugs And Sockets - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Hong Kong SAR, China - Lamp Holders, Plugs And Sockets - Market Analysis, Forecast, Size, Trends and Insights

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May 14, 2023

Hong Kong's Lamp Holder Price Hits New Record of $765 per Thousand Units

Hong Kong Lamp Holder Export Price in January 2023

In January 2023, the lamp holder price stood at $765 per thousand units (FOB, Hong Kong), surging by 7.8% against the previous month. Overall, export price indicated prominent growth from January 2022 to January 2023: its price increased at an average monthly rate of +5.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on January 2023 figures, lamp holder export price increased by +22.6% against November 2022 indices. The most prominent rate of growth was recorded in February 2022 when the average export price increased by 24% m-o-m. Over the period under review, the average export prices hit record highs in January 2023.

Prices varied noticeably by the country of destination: the country with the highest price was India ($1.8 per unit), while the average price for exports to Canada ($77.0 per thousand units) was amongst the lowest.

From January 2022 to January 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

COUNTRYExport Price of Lamp Holder in Hong Kong (USD per thousand units)
Jan 2022Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023
India8623361,1178536405449549858811,0701,0681,4031,834
China664689579630704708586721860721681833992
Japan530423421452716668669790581699705518747
Taiwan (Chinese)7769142,4271,0037577267858771,019649720798741
Singapore526588434949462805426465302836406472604
Philippines2354632282093223942423384001,062548707468
United States99.0174405259266245237231328286398440433
Germany5104429563445003871,222697326371426498417
Mexico223279250178192232185228317226206249271
United Kingdom159136150179247309230229317320257227258
Netherlands21915796.0525432339401434386331483350234
Canada21533140666010210464.013635418527140877.0
Average418518522558568588526597716644625710765

Hong Kong Lamp Holder Export Prices by Type

As there is only one major exported type of lamp holder, the average price level is determined by prices for electrical apparatus; plugs and sockets, for a voltage not exceeding 1000 volts.

From January 2022 to January 2023, the rate of growth in terms of prices for electrical apparatus; plugs and sockets, for a voltage not exceeding 1000 volts amounted to +5.1% per month.

Hong Kong Lamp Holder Exports

In January 2023, lamp holder exports from Hong Kong declined rapidly to 55M units, which is down by -21.2% on the month before. Overall, exports showed a deep downturn. The most prominent rate of growth was recorded in March 2022 when exports increased by 38% against the previous month. Over the period under review, the exports hit record highs at 151M units in January 2022; however, from February 2022 to January 2023, the exports failed to regain momentum.

In value terms, lamp holder exports reduced to $42M (IndexBox estimates) in January 2023. In general, exports saw a perceptible shrinkage. The growth pace was the most rapid in March 2022 when exports increased by 39% against the previous month. Over the period under review, the exports reached the peak figure at 63M units in January 2022; however, from February 2022 to January 2023, the exports remained at a lower figure.

Hong Kong Lamp Holder Exports by Type

Electrical apparatus; plugs and sockets, for a voltage not exceeding 1000 volts (55M units) was the largest type of lamp holder exported from Hong Kong, accounting for a approximately 100% share of total exports.

From January 2022 to January 2023, the average monthly rate of growth in terms of the volume of export of electrical apparatus; plugs and sockets, for a voltage not exceeding 1000 volts amounted to -8.1%.

In value terms, electrical apparatus; plugs and sockets, for a voltage not exceeding 1000 volts ($42M) remains the largest type of lamp holder exported from Hong Kong, comprising 99% of total exports. The second position in the ranking was taken by electrical apparatus ($285K), with a 0.7% share of total exports.

From January 2022 to January 2023, the average monthly growth rate of the export volume of electrical apparatus; plugs and sockets, for a voltage not exceeding 1000 volts totaled -3.4%.

Hong Kong Lamp Holder Exports by Country

China (21M units) was the main destination for lamp holder exports from Hong Kong, with a 39% share of total exports. Moreover, lamp holder exports to China exceeded the volume sent to the second major destination, the United States (6.3M units), threefold. Germany (3.2M units) ranked third in terms of total exports with a 5.8% share.

From January 2022 to January 2023, the average monthly growth rate of volume to China amounted to -8.5%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the United States (-15.6% per month) and Germany (+5.2% per month).

In value terms, China ($21M) remains the key foreign market for lamp holder exports from Hong Kong, comprising 51% of total exports. The second position in the ranking was taken by India ($5.5M), with a 13% share of total exports. It was followed by the United States, with a 6.5% share.

From January 2022 to January 2023, the average monthly growth rate of value to China stood at -5.3%. Exports to the other major destinations recorded the following average monthly rates of exports growth: India (+13.1% per month) and the United States (-4.5% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the lamp holder market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 27331200 - Lamp-holders for a voltage . 1 kV
  • Prodcom 27331310 - Plugs and sockets for coaxial cables for a voltage . 1 kV
  • Prodcom 27331330 - Plugs and sockets for printed circuits for a voltage . 1 kV
  • Prodcom 27331350 - Plugs and sockets for a voltage . 1 kV (excluding for coaxial cables, for printed circuits)

Country coverage:

  • Hong Kong SAR

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Hong Kong SAR, China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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