China: Market for Electric Table, Desk, Bedside Or Floor Standing Lamp 2024

Market Size for Electric Table, Desk, Bedside Or Floor Standing Lamp in China

After ten years of growth, the Chinese market for electric table, desk, bedside or floor standing lamp decreased by 99.9% to less than $X in 2022. Overall, consumption saw a significant expansion. As a result, consumption attained the peak level of $X, and then shrank rapidly in the following year.

Production of Electric Table, Desk, Bedside Or Floor Standing Lamp in China

In value terms, table, bedside and floor lamp production soared to $X in 2022 estimated in export price. In general, production, however, saw a significant expansion. Table, bedside and floor lamp production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Electric Table, Desk, Bedside Or Floor Standing Lamp

Exports from China

In 2022, shipments abroad of electric table, desk, bedside or floor standing lamp decreased by 99.9% to less than X units for the first time since 2011, thus ending a ten-year rising trend. In general, exports, however, continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 16%. As a result, the exports attained the peak of X units, and then fell notably in the following year.

In value terms, table, bedside and floor lamp exports skyrocketed to $X in 2022. Overall, exports, however, enjoyed significant growth. The growth pace was the most rapid in 2013 with an increase of 116%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

The United States (X units) was the main destination for table, bedside and floor lamp exports from China, with a 30% share of total exports. Moreover, table, bedside and floor lamp exports to the United States exceeded the volume sent to the second major destination, Germany (X units), fourfold. The UK (X units) ranked third in terms of total exports with a 6.3% share.

From 2020 to 2021, the average annual rate of growth in terms of volume to the United States stood at +24.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+20.4% per year) and the UK (+27.7% per year).

In value terms, the United States ($X) remains the key foreign market for electric table, desk, bedside or floor standing lamp exports from China, comprising 43% of total exports. The second position in the ranking was taken by the UK ($X), with an 8.3% share of total exports. It was followed by Germany, with a 5.9% share.

From 2020 to 2021, the average annual growth rate of value to the United States stood at +51.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+27.6% per year) and Germany (+32.2% per year).

Export Prices by Country

The average export price for electric table, desk, bedside or floor standing lamp stood at $X per unit in 2021, with an increase of 14% against the previous year. Over the last one years, it increased at an average annual rate of +14.5%. As a result, the export 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 suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Russia ($X per unit) was amongst the lowest.

From 2020 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+28.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Table, Desk, Bedside Or Floor Standing Lamp

Imports into China

In 2022, approx. less than X units of electric table, desk, bedside or floor standing lamp were imported into China; shrinking by 99.9% compared with 2021. Overall, imports recorded a abrupt decline. The smallest decline of -17.7% was in 2021. Over the period under review, imports reached the peak figure at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, table, bedside and floor lamp imports shrank to $X in 2022. In general, imports, however, continue to indicate a resilient increase. The growth pace was the most rapid in 2020 with an increase of 40%. Over the period under review, imports hit record highs at $X in 2021, and then reduced in the following year.

Imports by Country

In 2021, Vietnam (X units) constituted the largest table, bedside and floor lamp supplier to China, with a 43% share of total imports. Moreover, table, bedside and floor lamp imports from Vietnam exceeded the figures recorded by the second-largest supplier, Italy (X units), fourfold. The third position in this ranking was held by Lithuania (X units), with a 9.6% share.

From 2020 to 2021, the average annual growth rate of volume from Vietnam stood at -33.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+34.5% per year) and Lithuania (+251.7% per year).

In value terms, Italy ($X) constituted the largest supplier of electric table, desk, bedside or floor standing lamp to China, comprising 37% of total imports. The second position in the ranking was held by the United States ($X), with a 16% share of total imports. It was followed by Malaysia, with a 14% share.

From 2020 to 2021, the average annual growth rate of value from Italy stood at +64.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3,336.0% per year) and Malaysia (-56.4% per year).

Import Prices by Country

The average import price for electric table, desk, bedside or floor standing lamp stood at $X per unit in 2021, rising by 41% against the previous year. In general, import price indicated significant growth from 2020 to 2021: its price increased at an average annual rate of +41.3% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Malaysia ($X per unit), while the price for Pakistan ($X per unit) was amongst the lowest.

From 2020 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+117.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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