ASEAN: Electronic Lamp Machine Market 2024

Electronic Lamp Machine Market Size in ASEAN

The ASEAN electronic lamp machine market declined slightly to $X in 2021, with a decrease of -4.4% against the previous year. The total consumption indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +28.0% against 2019 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Electronic Lamp Machine Production in ASEAN

In value terms, electronic lamp machine production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 with an increase of 26% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Electronic Lamp Machine Exports

Exports in ASEAN

In 2021, overseas shipments of machines for electric or electronic lamps, tubes, valves or flashbulbs decreased by -85.8% to X units, falling for the second year in a row after two years of growth. In general, exports recorded a dramatic decrease. The most prominent rate of growth was recorded in 2019 with an increase of 153% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, electronic lamp machine exports declined markedly to $X in 2021. Overall, exports saw a abrupt setback. The growth pace was the most rapid in 2018 with an increase of 308%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Singapore (X units) represented the major exporter of machines for electric or electronic lamps, tubes, valves or flashbulbs, creating 39% of total exports. Malaysia (X units) took a 22% share (based on physical terms) of total exports, which put it in second place, followed by Indonesia (20%), Vietnam (7.4%) and Thailand (7.2%). The Philippines (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 the Philippines (with a CAGR of +11.1%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest electronic lamp machine supplying countries in ASEAN were Singapore ($X), Malaysia ($X) and Vietnam ($X), together accounting for 69% of total exports. These countries were followed by the Philippines, Thailand and Indonesia, which together accounted for a further 12%.

The Philippines, with a CAGR of +39.9%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per unit, shrinking by -43.8% against the previous year. In general, the export price, however, posted buoyant growth. The growth pace was the most rapid in 2013 an increase of 129%. Over the period under review, the export prices attained the maximum at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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.

Electronic Lamp Machine Imports

Imports in ASEAN

In 2021, the amount of machines for electric or electronic lamps, tubes, valves or flashbulbs imported in ASEAN fell rapidly to X units, reducing by -26.7% on 2020 figures. In general, imports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2017 when imports increased by 112%. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, electronic lamp machine imports soared to $X in 2021. Over the period under review, imports continue to indicate a slight decrease. The pace of growth was the most pronounced in 2018 with an increase of 146%. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Cambodia (X units) and Thailand (X units) prevails in imports structure, together constituting 82% of total imports. Indonesia (X units) ranks next in terms of the total imports with a 7.6% share, followed by Malaysia (5.1%). Vietnam (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Cambodia (with a CAGR of +52.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Thailand ($X) constitutes the largest market for imported machines for electric or electronic lamps, tubes, valves or flashbulbs in ASEAN, comprising 52% of total imports. The second position in the ranking was held by Cambodia ($X), with a 19% share of total imports. It was followed by Malaysia, with a 13% share.

In Thailand, electronic lamp machine imports expanded at an average annual rate of +21.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Cambodia (+52.3% per year) and Malaysia (-8.1% per year).

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per unit, with an increase of 117% against the previous year. Overall, the import price showed a buoyant expansion. The most prominent rate of growth was recorded in 2014 when the import price increased by 138% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+4.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform