ASEAN: Photographic Flashbulb Market 2024

Photographic Flashbulb Market Size in ASEAN

The ASEAN photographic flashbulb market amounted to $X in 2021, growing by 11% against the previous year. The total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.4% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Photographic Flashbulb Production in ASEAN

In value terms, photographic flashbulb production stood at $X in 2021 estimated in export price. In general, production showed modest growth. The most prominent rate of growth was recorded in 2019 when the production volume increased by 13%. As a result, production reached the peak level of $X. From 2020 to 2021, production growth remained at a somewhat lower figure.

Photographic Flashbulb Exports

Exports in ASEAN

In 2021, shipments abroad of photographic flashbulbs and flashcubes decreased by -18.6% to X units, falling for the third year in a row after three years of growth. Overall, exports saw a precipitous curtailment. The growth pace was the most rapid in 2016 with an increase of 33%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, photographic flashbulb exports contracted sharply to $X in 2021. Over the period under review, exports recorded a deep slump. The pace of growth was the most pronounced in 2016 when exports increased by 121%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Thailand was the main exporting country with an export of around X units, which finished at 83% of total exports. It was distantly followed by Singapore (X units), committing a 15% share of total exports.

Thailand was also the fastest-growing in terms of the photographic flashbulbs and flashcubes exports, with a CAGR of -7.4% from 2012 to 2021. Singapore (-39.1%) illustrated a downward trend over the same period. While the share of Thailand (+72 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Singapore (-72.9 p.p.) displayed negative dynamics.

In value terms, Thailand ($X) remains the largest photographic flashbulb supplier in ASEAN, comprising 81% of total exports. The second position in the ranking was held by Singapore ($X), with a 2.3% share of total exports.

In Thailand, photographic flashbulb exports contracted by an average annual rate of -9.0% over the period from 2012-2021.

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2021, reducing by -9% against the previous year. In general, the export price, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2019 when the export price increased by 111% against the previous year. As a result, the export price reached the peak level of $X per unit. 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 Thailand ($X per unit), while Singapore totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+2.0%).

Photographic Flashbulb Imports

Imports in ASEAN

Photographic flashbulb imports fell to X units in 2021, reducing by -7.1% compared with 2020 figures. Over the period under review, imports recorded a noticeable decrease. The pace of growth was the most pronounced in 2020 with an increase of 246% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, photographic flashbulb imports reduced markedly to $X in 2021. Overall, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 57% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Indonesia dominates imports structure, finishing at X units, which was approx. 90% of total imports in 2021. The following importers - Vietnam (X units), Thailand (X units) and Lao People's Democratic Republic (X units) - together made up 8.4% of total imports.

Indonesia was also the fastest-growing in terms of the photographic flashbulbs and flashcubes imports, with a CAGR of +65.2% from 2012 to 2021. At the same time, Vietnam (+54.1%) and Thailand (+5.8%) displayed positive paces of growth. By contrast, Lao People's Democratic Republic (-7.0%) illustrated a downward trend over the same period. Indonesia (+90 p.p.), Vietnam (+3.1 p.p.) and Thailand (+1.6 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest photographic flashbulb importing markets in ASEAN were Vietnam ($X), Thailand ($X) and Indonesia ($X), with a combined 80% share of total imports.

Among the main importing countries, Vietnam, with a CAGR of +58.2%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2021, declining by -24.8% against the previous year. Overall, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2015 an increase of 88%. The level of import peaked at $X per unit in 2019; however, from 2020 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 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 Vietnam (+2.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform