Asia-Pacific: Automotive Lighting Market 2025

Automotive Lighting Market Size in Asia-Pacific

In 2021, the Asia-Pacific automotive lighting market decreased by -13.4% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Automotive Lighting Production in Asia-Pacific

In value terms, automotive lighting production dropped 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 2014 when the production volume increased by 18%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Automotive Lighting Exports

Exports in Asia-Pacific

In 2021, automotive lighting exports in Asia-Pacific soared to X units, increasing by 45% on 2020. Total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +59.7% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, automotive lighting exports skyrocketed to $X in 2021. Total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +7.8% 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

China was the key exporter of automotive lighting in Asia-Pacific, with the volume of exports accounting for X units, which was near 62% of total exports in 2021. South Korea (X units) took a 13% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (8.9%) and India (4.9%). Japan (X units) and Thailand (X units) held a minor share of total exports.

Exports from China increased at an average annual rate of +6.5% from 2012 to 2021. At the same time, South Korea (+22.9%), India (+13.8%) and Thailand (+3.7%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +22.9% from 2012-2021. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Japan (-1.1%) illustrated a downward trend over the same period. South Korea (+9.7 p.p.) and India (+2.2 p.p.) significantly strengthened its position in terms of the total exports, while Japan and Taiwan (Chinese) saw its share reduced by -4.2% and -5.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest automotive lighting supplier in Asia-Pacific, comprising 42% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 19% share of total exports. It was followed by South Korea, with an 18% share.

In China, automotive lighting exports expanded at an average annual rate of +8.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+5.1% per year) and South Korea (+15.2% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, dropping by -6.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2017 when the export price increased by 16%. Over the period under review, the export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.3%), while the other leaders experienced more modest paces of growth.

Automotive Lighting Imports

Imports in Asia-Pacific

In 2021, the amount of automotive lighting imported in Asia-Pacific soared to X units, with an increase of 27% on the year before. The total import volume increased at an average annual rate of +5.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, automotive lighting imports skyrocketed to $X in 2021. Total imports indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +8.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units), distantly followed by India (X units), Japan (X units), Thailand (X units), Vietnam (X units) and Malaysia (X units) were the key importers of automotive lighting, together generating 77% of total imports. South Korea (X units), Bangladesh (X units), Taiwan (Chinese) (X units), Australia (X units), Indonesia (X units) and Hong Kong SAR (X units) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bangladesh (with a CAGR of +28.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported automotive lighting in Asia-Pacific, comprising 47% of total imports. The second position in the ranking was taken by Japan ($X), with a 13% share of total imports. It was followed by South Korea, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +12.9%. In the other countries, the average annual rates were as follows: Japan (+4.3% per year) and South Korea (+13.2% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per unit, remaining stable against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.7%. The most prominent rate of growth was recorded in 2016 when the import price increased by 19% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2020, and then fell in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+11.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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