ASEAN: Automotive Lighting Market 2025

Automotive Lighting Market Size in ASEAN

The ASEAN automotive lighting market dropped modestly to $X in 2021, approximately equating the previous year. In general, consumption recorded a slight decline. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Automotive Lighting Production in ASEAN

In value terms, automotive lighting production reduced slightly to $X in 2021 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the production volume increased by 32%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Automotive Lighting Exports

Exports in ASEAN

In 2021, automotive lighting exports in ASEAN rose notably to X units, picking up by 12% on the previous year's figure. Over the period under review, exports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 42% against the previous year. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, automotive lighting exports skyrocketed to $X in 2021. Total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Thailand (X units) represented the largest exporter of automotive lighting, constituting 65% of total exports. Vietnam (X units) ranks second in terms of the total exports with a 17% share, followed by Malaysia (7.7%) and Indonesia (7.1%). Singapore (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to automotive lighting exports from Thailand stood at +3.7%. At the same time, Vietnam (+34.1%), Indonesia (+21.9%) and Malaysia (+5.8%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +34.1% from 2012-2021. By contrast, Singapore (-7.1%) illustrated a downward trend over the same period. While the share of Vietnam (+15 p.p.) and Indonesia (+5.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Singapore (-6.3 p.p.) and Thailand (-14 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) remains the largest automotive lighting supplier in ASEAN, comprising 56% of total exports. The second position in the ranking was held by Vietnam ($X), with a 23% share of total exports. It was followed by Malaysia, with an 11% share.

From 2012 to 2021, the average annual growth rate of value in Thailand stood at +5.3%. In the other countries, the average annual rates were as follows: Vietnam (+43.0% per year) and Malaysia (+2.5% per year).

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per unit, with an increase of 20% against the previous year. Export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +2.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, automotive lighting export price decreased by -24.8% against 2018 indices. The growth pace was the most rapid in 2013 an increase of 46%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+6.6%), while the other leaders experienced more modest paces of growth.

Automotive Lighting Imports

Imports in ASEAN

In 2021, supplies from abroad of automotive lighting was finally on the rise to reach X units after two years of decline. The total import volume increased at an average annual rate of +4.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 24% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in the immediate term.

In value terms, automotive lighting imports soared to $X in 2021. Total imports indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Thailand (X units), Vietnam (X units) and Malaysia (X units) represented roughly 81% of total imports in 2021. It was distantly followed by Indonesia (X units), creating a 13% share of total imports. Singapore (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +11.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest automotive lighting importing markets in ASEAN were Thailand ($X), Vietnam ($X) and Malaysia ($X), together accounting for 75% of total imports.

Vietnam, with a CAGR of +14.3%, recorded the highest growth rate of 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 ASEAN stood at $X per unit in 2021, rising by 5.9% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 13% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+3.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform