Asia-Pacific: Market for Ballasts For Discharge Lamps Or Tubes 2025

Market Size for Ballasts For Discharge Lamps Or Tubes in Asia-Pacific

The Asia-Pacific ballast for discharge lamp market expanded markedly to $X in 2021, growing by 13% against the previous year. Overall, consumption, however, showed a abrupt shrinkage. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Ballasts For Discharge Lamps Or Tubes in Asia-Pacific

In value terms, ballast for discharge lamp production dropped modestly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the production volume increased by 2.1% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Ballasts For Discharge Lamps Or Tubes

Exports in Asia-Pacific

In 2021, shipments abroad of ballasts for discharge lamps or tubes decreased by -20.7% to X units, falling for the seventh year in a row after three years of growth. Overall, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 8.3%. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, ballast for discharge lamp exports expanded modestly to $X in 2021. Over the period under review, exports saw a deep downturn. The growth pace was the most rapid in 2020 when exports increased by 6.1%. 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

China prevails in exports structure, recording X units, which was near 76% of total exports in 2021. It was distantly followed by Hong Kong SAR (X units) and India (X units), together mixing up a 15% share of total exports. The following exporters - Singapore (X units), South Korea (X units) and Taiwan (Chinese) (X units) - each reached a 5.9% share of total exports.

Exports from China decreased at an average annual rate of -15.5% from 2012 to 2021. India experienced a relatively flat trend pattern. South Korea (-4.8%), Hong Kong SAR (-9.5%), Taiwan (Chinese) (-11.8%) and Singapore (-12.2%) illustrated a downward trend over the same period. India (+4.9 p.p.) and Hong Kong SAR (+3.5 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -6.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest ballast for discharge lamp supplier in Asia-Pacific, comprising 75% of total exports. The second position in the ranking was taken by India ($X), with a 5.5% share of total exports. It was followed by Singapore, with a 5.2% share.

In China, ballast for discharge lamp exports decreased by an average annual rate of -12.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: India (-5.2% per year) and Singapore (+2.0% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, jumping by 32% against the previous year. Export price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ballast for discharge lamp export price increased by +85.1% against 2019 indices. The pace of growth appeared the most rapid in 2020 when the export price increased by 40%. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+16.1%), while the other leaders experienced mixed trends in the export price figures.

Imports of Ballasts For Discharge Lamps Or Tubes

Imports in Asia-Pacific

In 2021, overseas purchases of ballasts for discharge lamps or tubes increased by 78% to X units for the first time since 2014, thus ending a six-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt descent. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, ballast for discharge lamp imports soared to $X in 2021. Overall, imports, however, recorded a noticeable decline. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Philippines represented the main importer of ballasts for discharge lamps or tubes in Asia-Pacific, with the volume of imports reaching X units, which was approx. 44% of total imports in 2021. India (X units) held a 19% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (9.5%), Malaysia (6.1%) and South Korea (5.8%). Singapore (X units), Taiwan (Chinese) (X units) and Thailand (X units) held a relatively small share of total imports.

The Philippines was also the fastest-growing in terms of the ballasts for discharge lamps or tubes imports, with a CAGR of +41.5% from 2012 to 2021. South Korea (-5.3%), Taiwan (Chinese) (-5.7%), India (-10.3%), Malaysia (-13.7%), Hong Kong SAR (-14.6%), Singapore (-17.9%) and Thailand (-28.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Philippines and South Korea increased by +44 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the Philippines ($X) constitutes the largest market for imported ballasts for discharge lamps or tubes in Asia-Pacific, comprising 70% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 4.4% share of total imports. It was followed by South Korea, with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the Philippines amounted to +47.6%. In the other countries, the average annual rates were as follows: Hong Kong SAR (-14.1% per year) and South Korea (-8.7% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2021, jumping by 80% against the previous year. Over the period under review, the import price enjoyed a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the Philippines ($X per unit), while Malaysia ($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 (+6.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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