Australia and Oceania: Market for Parts For Electric Filament Or Discharge Lamps 2024

Market Size for Parts For Electric Filament Or Discharge Lamps in Australia and Oceania

The electric filament lamp parts market in Australia and Oceania dropped to $X in 2022, almost unchanged from the previous year. Overall, consumption saw a drastic downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Parts For Electric Filament Or Discharge Lamps in Australia and Oceania

In value terms, electric filament lamp parts production fell slightly to $X in 2022 estimated in export price. Over the period under review, production showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 17% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Parts For Electric Filament Or Discharge Lamps

Exports in Australia and Oceania

In 2022, after three years of growth, there was significant decline in shipments abroad of parts for electric filament or discharge lamps, when their volume decreased by -13.8% to X tons. In general, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 93% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, electric filament lamp parts exports contracted notably to $X in 2022. Over the period under review, exports, however, showed a moderate expansion. The most prominent rate of growth was recorded in 2017 with an increase of 89% against the previous year. Over the period under review, the exports reached the maximum at $X in 2021, and then dropped sharply in the following year.

Exports by Country

Australia dominates exports structure, resulting at X tons, which was near 93% of total exports in 2022. It was distantly followed by Fiji (X tons), generating a 5% share of total exports. New Zealand (X kg) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to electric filament lamp parts exports from Australia stood at +8.6%. At the same time, Fiji (+22.8%) and New Zealand (+2.0%) displayed positive paces of growth. Moreover, Fiji emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of +22.8% from 2012-2022. While the share of Fiji (+3.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of New Zealand (-1.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) remains the largest electric filament lamp parts supplier in Australia and Oceania, comprising 99% of total exports. The second position in the ranking was held by New Zealand ($X), with a 0.8% share of total exports.

In Australia, electric filament lamp parts exports expanded at an average annual rate of +4.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (-1.6% per year) and Fiji (+21.0% per year).

Export Prices by Country

In 2022, the export price in Australia and Oceania amounted to $X per ton, which is down by -40% against the previous year. Over the period under review, the export price showed a noticeable curtailment. The growth pace was the most rapid in 2018 when the export price increased by 43% against the previous year. The level of export peaked at $X per ton in 2021, and then dropped significantly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per ton), while Fiji ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Fiji (-1.4%), while the other leaders experienced a decline in the export price figures.

Imports of Parts For Electric Filament Or Discharge Lamps

Imports in Australia and Oceania

In 2022, after two years of growth, there was decline in supplies from abroad of parts for electric filament or discharge lamps, when their volume decreased by -0.1% to X tons. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 83%. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, electric filament lamp parts imports shrank markedly to $X in 2022. Over the period under review, imports showed a mild contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 105% against the previous year. As a result, imports attained the peak of $X, and then fell markedly in the following year.

Imports by Country

Australia was the key importer of parts for electric filament or discharge lamps in Australia and Oceania, with the volume of imports finishing at X tons, which was near 54% of total imports in 2022. It was distantly followed by Papua New Guinea (X tons) and New Zealand (X tons), together generating a 34% share of total imports. The following importers - New Caledonia (X tons) and Fiji (X tons) - each reached an 8.6% share of total imports.

Imports into Australia increased at an average annual rate of +3.6% from 2012 to 2022. At the same time, New Caledonia (+8.8%), Fiji (+5.6%) and New Zealand (+5.5%) displayed positive paces of growth. Moreover, New Caledonia emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +8.8% from 2012-2022. By contrast, Papua New Guinea (-6.1%) illustrated a downward trend over the same period. Australia (+19 p.p.), New Zealand (+5.3 p.p.), New Caledonia (+2.7 p.p.) and Fiji (+2 p.p.) significantly strengthened its position in terms of the total imports, while Papua New Guinea saw its share reduced by -16.2% from 2012 to 2022, respectively.

In value terms, New Zealand ($X), Australia ($X) and Papua New Guinea ($X) were the countries with the highest levels of imports in 2022, with a combined 83% share of total imports. New Caledonia and Fiji lagged somewhat behind, together comprising a further 12%.

New Caledonia, with a CAGR of +8.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, waning by -30.4% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the import price increased by 74% against the previous year. As a result, import price reached the peak level of $X per ton. From 2018 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was New Zealand ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Caledonia (+0.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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