Asia-Pacific: Bicycle Lighting Market 2025

Bicycle Lighting Market Size in Asia-Pacific

In 2021, the Asia-Pacific bicycle lighting market decreased by -21.3% to $X, falling for the fourth year in a row after three years of growth. Over the period under review, consumption showed a slight descent. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Bicycle Lighting Production in Asia-Pacific

In value terms, bicycle lighting production declined to $X in 2021 estimated in export price. The total production 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, production increased by +7.8% against 2018 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 35%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Bicycle Lighting Exports

Exports in Asia-Pacific

In 2021, shipments abroad of electrical or battery operated lighting or visual signalling for bicycles increased by 19% to X units, rising for the fourth year in a row after three years of decline. Overall, exports enjoyed a tangible increase. The pace of growth appeared the most rapid in 2018 with an increase of 161%. The volume of export peaked in 2021 and is likely to see steady growth in the near future.

In value terms, bicycle lighting exports surged to $X in 2021. Over the period under review, exports recorded a remarkable increase. The pace of growth appeared the most rapid in 2020 with an increase of 66%. The level of export peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports by Country

China prevails in exports structure, reaching X units, which was approx. 92% of total exports in 2021. The following exporters - Hong Kong SAR (X units) and Taiwan (Chinese) (X units) - each finished at a 6.1% share of total exports.

China was also the fastest-growing in terms of the electrical or battery operated lighting or visual signalling for bicycles exports, with a CAGR of +6.4% from 2012 to 2021. Hong Kong SAR (-5.4%) and Taiwan (Chinese) (-8.9%) illustrated a downward trend over the same period. China (+14 p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR and Taiwan (Chinese) saw its share reduced by -4.4% and -7.5% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest bicycle lighting supplier in Asia-Pacific, comprising 78% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 12% share of total exports.

In China, bicycle lighting exports expanded at an average annual rate of +12.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Taiwan (Chinese) (+5.2% per year) and Hong Kong SAR (-1.0% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, picking up by 7% against the previous year. In general, the export price recorded a pronounced increase. The most prominent rate of growth was recorded in 2017 an increase of 76%. As a result, the export price reached the peak level of $X per unit. From 2018 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 Taiwan (Chinese) ($X per unit), while China ($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) (+15.5%), while the other leaders experienced more modest paces of growth.

Bicycle Lighting Imports

Imports in Asia-Pacific

In 2021, supplies from abroad of electrical or battery operated lighting or visual signalling for bicycles increased by 22% to X units, rising for the second year in a row after four years of decline. The total import volume increased at an average annual rate of +3.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by 26%. The volume of import peaked in 2021 and is likely to continue growth in the immediate term.

In value terms, bicycle lighting imports skyrocketed to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +58.5% against 2018 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Japan (X units), distantly followed by Indonesia (X units), Hong Kong SAR (X units), Vietnam (X units), South Korea (X units), Taiwan (Chinese) (X units) and Australia (X units) represented the major importers of electrical or battery operated lighting or visual signalling for bicycles, together achieving 79% of total imports. India (X units), Thailand (X units), Bangladesh (X units), Singapore (X units), China (X units) and Malaysia (X units) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +35.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported electrical or battery operated lighting or visual signalling for bicycles in Asia-Pacific, comprising 30% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 13% share of total imports. It was followed by Taiwan (Chinese), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan totaled +1.3%. In the other countries, the average annual rates were as follows: Hong Kong SAR (+3.9% per year) and Taiwan (Chinese) (+15.0% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2021, growing by 4.1% against the previous year. Over the last nine years, it increased at an average annual rate of +2.9%. The growth pace was the most rapid in 2013 an increase of 20% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+15.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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