China: Electric Lamp Market 2024

Electric Lamp Market Size in China

The Chinese electric lamp market declined notably to $X in 2022, falling by X% against the previous year. Over the period under review, consumption, however, continues to indicate a slight contraction. Electric lamp consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Electric Lamp Production in China

In value terms, electric lamp production amounted to $X in 2022 estimated in export price. In general, production, however, saw strong growth. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Electric Lamp Exports

Exports from China

In 2022, overseas shipments of electric lamps decreased by X% to X units for the first time since 2016, thus ending a five-year rising trend. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X units in 2021, and then dropped notably in the following year.

In value terms, electric lamp exports dropped remarkably to $X in 2022. Overall, exports showed a drastic downturn. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units), Indonesia (X units) and Argentina (X units) were the main destinations of electric lamp exports from China, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Argentina (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for electric lamps exports from China, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and India (X% per year).

Export Prices by Country

The average electric lamp export price stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the export price recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Argentina (less than $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 States (X%), while the prices for the other major destinations experienced a decline.

Electric Lamp Imports

Imports into China

In 2022, the amount of electric lamps imported into China plummeted to X units, reducing by X% against 2021. In general, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, electric lamp imports fell to $X in 2022. Overall, imports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X units), Taiwan (Chinese) (X units) and Slovakia (X units) were the main suppliers of electric lamp imports to China, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovakia (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest electric lamp suppliers to China were Japan ($X), Germany ($X) and Taiwan (Chinese) ($X), together comprising X% of total imports. The United States, South Korea, Poland, Hungary, France and Slovakia lagged somewhat behind, together comprising a further X%.

Poland, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electric lamp import price stood at $X per unit in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2015 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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