Asia-Pacific: Tungsten Halogen Lamp Market 2024

Tungsten Halogen Lamp Market Size in Asia-Pacific

In 2021, the Asia-Pacific tungsten halogen lamp market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2017 when the market value increased by 6.6% against the previous year. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Tungsten Halogen Lamp Production in Asia-Pacific

In value terms, tungsten halogen lamp production expanded notably to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Tungsten Halogen Lamp Exports

Exports in Asia-Pacific

In 2021, shipments abroad of tungsten halogen lamps increased by 42% to X units, rising for the second consecutive year after five years of decline. Over the period under review, exports posted tangible growth. The growth pace was the most rapid in 2020 when exports increased by 59% against the previous year. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, tungsten halogen lamp exports rose notably to $X in 2021. In general, exports, however, recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 18%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China dominates exports structure, resulting at X units, which was near 85% of total exports in 2021. It was distantly followed by South Korea (X units), comprising a 6.6% share of total exports. Taiwan (Chinese) (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +3.8% from 2012 to 2021. At the same time, Taiwan (Chinese) (+21.1%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +21.1% from 2012-2021. By contrast, South Korea (-5.3%) illustrated a downward trend over the same period. China (+9.5 p.p.) and Taiwan (Chinese) (+2.6 p.p.) significantly strengthened its position in terms of the total exports, while South Korea saw its share reduced by -6.8% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest tungsten halogen lamp supplier in Asia-Pacific, comprising 73% of total exports. The second position in the ranking was taken by South Korea ($X), with a 7.2% share of total exports.

In China, tungsten halogen lamp exports decreased by an average annual rate of -4.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (-4.6% per year) and Taiwan (Chinese) (+9.7% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per unit, with a decrease of -20% against the previous year. Over the period under review, the export price showed a abrupt slump. The most prominent rate of growth was recorded in 2017 an increase of 17%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+0.8%), while the other leaders experienced a decline in the export price figures.

Tungsten Halogen Lamp Imports

Imports in Asia-Pacific

In 2021, the amount of tungsten halogen lamps imported in Asia-Pacific plummeted to X units, which is down by -29% on 2020 figures. Over the period under review, imports showed a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of 17% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, tungsten halogen lamp imports expanded sharply to $X in 2021. In general, imports showed a deep setback. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Indonesia (X units), distantly followed by South Korea (X units), Taiwan (Chinese) (X units), India (X units), China (X units), Thailand (X units) and Japan (X units) were the main importers of tungsten halogen lamps, together mixing up 76% of total imports. The following importers - Vietnam (X units), Australia (X units), the Philippines (X units), Singapore (X units), Myanmar (X units) and Malaysia (X units) - together made up 18% of total imports.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +9.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Taiwan (Chinese) ($X) and India ($X) were the countries with the highest levels of imports in 2021, with a combined 46% share of total imports. South Korea, Japan, Thailand, Indonesia, Vietnam, Australia, the Philippines, Singapore, Malaysia and Myanmar lagged somewhat behind, together accounting for a further 49%.

Among the main importing countries, the Philippines, with a CAGR of +26.5%, recorded the highest rates of growth with regard to the value of imports, 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 Asia-Pacific amounted to $X per unit, increasing by 57% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. 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, amid the top importers, the country with the highest price was China ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+49.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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