ASEAN: Lamp Plastic Parts Market 2024

Lamp Plastic Parts Market Size in ASEAN

In 2021, the ASEAN lamp plastic parts market was finally on the rise to reach $X after four years of decline. In general, consumption, however, showed a noticeable descent. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Lamp Plastic Parts Production in ASEAN

In value terms, lamp plastic parts production expanded modestly to $X in 2021 estimated in export price. In general, production, however, saw a abrupt slump. The pace of growth was the most pronounced in 2015 when the production volume increased by 27%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Lamp Plastic Parts Exports

Exports in ASEAN

In 2021, overseas shipments of plastic parts for lamps and lighting fittings increased by 31% to X tons, rising for the third consecutive year after two years of decline. In general, exports posted pronounced growth. The most prominent rate of growth was recorded in 2013 with an increase of 52%. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, lamp plastic parts exports surged to $X in 2021. Over the period under review, exports continue to indicate a remarkable increase. The growth pace was the most rapid in 2013 with an increase of 96% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

The shipments of the four major exporters of plastic parts for lamps and lighting fittings, namely Singapore, Vietnam, the Philippines and Thailand, represented more than two-thirds of total export. It was distantly followed by Malaysia (X tons), mixing up a 10% share of total exports. Indonesia (X tons) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Philippines (with a CAGR of +163.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest lamp plastic parts supplying countries in ASEAN were the Philippines ($X), Singapore ($X) and Vietnam ($X), with a combined 79% share of total exports.

The Philippines, with a CAGR of +150.9%, 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 more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2021, dropping by -2.5% against the previous year. Export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lamp plastic parts export price increased by +9.3% against 2019 indices. The pace of growth was the most pronounced in 2015 an increase of 30% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2020, and then declined modestly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+8.9%), while the other leaders experienced more modest paces of growth.

Lamp Plastic Parts Imports

Imports in ASEAN

Lamp plastic parts imports skyrocketed to X tons in 2021, with an increase of 88% on 2020 figures. In general, imports saw mild growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, lamp plastic parts imports skyrocketed to $X in 2021. Overall, imports continue to indicate strong growth. The growth pace was the most rapid in 2016 with an increase of 62%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Thailand was the key importing country with an import of about X tons, which accounted for 47% of total imports. Indonesia (X tons) took a 25% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (11%), Vietnam (8%) and Singapore (5.8%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Thailand (with a CAGR of +33.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lamp plastic parts importing markets in ASEAN were Thailand ($X), Vietnam ($X) and Singapore ($X), with a combined 69% share of total imports.

Thailand, with a CAGR of +25.6%, saw 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

In 2021, the import price in ASEAN amounted to $X per ton, which is down by -14.7% against the previous year. Import price indicated a pronounced expansion from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lamp plastic parts import price decreased by -40.7% against 2016 indices. The pace of growth appeared the most rapid in 2013 an increase of 87% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform