Australia: Electric Lamp Market 2024

Electric Lamp Market Size in Australia

The Australian electric lamp market dropped rapidly to $X in 2022, reducing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a perceptible slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Electric Lamp Exports

Exports from Australia

In 2022, shipments abroad of electric lamps was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Overall, total exports indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. 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.

In value terms, electric lamp exports expanded remarkably to $X in 2022. Over the period under review, exports, however, showed a perceptible contraction. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X units) was the main destination for electric lamp exports from Australia, with a X% share of total exports. Moreover, electric lamp exports to New Zealand exceeded the volume sent to the second major destination, Timor-Leste (X units), fourfold. The third position in this ranking was held by Cote d'Ivoire (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to New Zealand stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Timor-Leste (X% per year) and Cote d'Ivoire (X% per year).

In value terms, the largest markets for electric lamp exported from Australia were New Zealand ($X), Timor-Leste ($X) and Cote d'Ivoire ($X), together comprising X% of total exports. The Philippines, Ecuador, Indonesia, China, the United Arab Emirates and Thailand lagged somewhat behind, together comprising a further X%.

Ecuador, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average electric lamp export price amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to New Zealand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced mixed trend patterns.

Electric Lamp Imports

Imports into Australia

In 2022, the amount of electric lamps imported into Australia declined significantly to X units, reducing by X% compared with the previous year. Over the period under review, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, electric lamp imports shrank to $X in 2022. Overall, imports continue to indicate a noticeable downturn. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of electric lamp to Australia, accounting for a X% share of total imports. Moreover, electric lamp imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), fivefold. The third position in this ranking was held by the Philippines (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and the Philippines (X% per year).

In value terms, Taiwan (Chinese) ($X), the Philippines ($X) and China ($X) were the largest electric lamp suppliers to Australia, with a combined X% share of total imports.

Among the main suppliers, Taiwan (Chinese), with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average electric lamp import price stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price showed a prominent increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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