Asia: Tungsten Halogen Lamp Market 2024

Tungsten Halogen Lamp Market Size in Asia

In 2021, the Asian tungsten halogen lamp market was finally on the rise to reach $X after two years of decline. In general, consumption recorded a slight shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 6% against the previous year. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Tungsten Halogen Lamp Production in Asia

In value terms, tungsten halogen lamp production expanded sharply to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Tungsten Halogen Lamp Exports

Exports in Asia

In 2021, shipments abroad of tungsten halogen lamps increased by 41% to X units, rising for the second year in a row after five years of decline. Over the period under review, exports enjoyed a mild expansion. The pace of growth was the most pronounced in 2020 when exports increased by 57%. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, tungsten halogen lamp exports expanded notably to $X in 2021. In general, exports, however, continue to indicate a perceptible contraction. The pace of growth was the most pronounced in 2020 with an increase of 18%. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China dominates exports structure, accounting for X units, which was near 84% of total exports in 2021. It was distantly followed by South Korea (X units), mixing up 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, with a CAGR of +21.1% from 2012-2021. By contrast, South Korea (-5.3%) illustrated a downward trend over the same period. While the share of China (+13 p.p.) and Taiwan (Chinese) (+2.6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Korea (-6.1 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest tungsten halogen lamp supplier in Asia, comprising 72% of total exports. The second position in the ranking was taken by South Korea ($X), with a 7.2% share of total exports.

In China, tungsten halogen lamp exports plunged 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 amounted to $X per unit, waning by -19.7% against the previous year. Overall, the export price recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when the export price increased by 16% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, the export prices stood at a somewhat 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

In 2021, the amount of tungsten halogen lamps imported in Asia declined remarkably to X units, falling by -21.4% on 2020 figures. In general, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2016 when imports increased by 17%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports failed to regain momentum.

In value terms, tungsten halogen lamp imports surged to $X in 2021. Over the period under review, imports continue to indicate a perceptible contraction. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Indonesia (X units), followed by South Korea (X units), Taiwan (Chinese) (X units), the United Arab Emirates (X units), India (X units), China (X units), Turkey (X units) and Thailand (X units) represented the main importers of tungsten halogen lamps, together committing 69% of total imports. The following importers - Japan (X units), Vietnam (X units), Iran (X units), the Philippines (X units) and Singapore (X units) - together made up 14% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of +5.5%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest tungsten halogen lamp importing markets in Asia were China ($X), Taiwan (Chinese) ($X) and India ($X), together comprising 39% of total imports. South Korea, Japan, the United Arab Emirates, Thailand, Turkey, Indonesia, Vietnam, the Philippines, Singapore and Iran lagged somewhat behind, together comprising a further 48%.

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

The import price in Asia stood at $X per unit in 2021, growing by 48% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: 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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