China: Fluorescent Discharge Lamps Market 2024

Fluorescent Discharge Lamps Market Size in China

In 2021, after two years of decline, there was significant growth in the Chinese fluorescent discharge lamps market, when its value increased by 31% to $X. In general, consumption, however, recorded a relatively flat trend pattern. Fluorescent discharge lamps consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Fluorescent Discharge Lamps Production in China

In value terms, fluorescent discharge lamps production rose modestly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2013 when the production volume increased by 12%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Fluorescent Discharge Lamps Exports

Exports from China

In 2021, shipments abroad of fluorescent discharge lamps decreased by -12.6% to X units, falling for the eighth consecutive year after two years of growth. Overall, exports saw a deep setback. The pace of growth appeared the most rapid in 2013 with an increase of 8.2%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, fluorescent discharge lamps exports shrank modestly to $X in 2021. Over the period under review, exports saw a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 12%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X units), the United States (X units) and Indonesia (X units) were the main destinations of fluorescent discharge lamps exports from China, together comprising 30% of total exports. These countries were followed by Turkey, Hong Kong SAR, South Korea, the United Arab Emirates, France, Mexico, Thailand, Brazil, South Africa and Malaysia, which together accounted for a further 36%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of -4.4%), while shipments for the other leaders experienced a decline.

In value terms, the United States ($X) remains the key foreign market for fluorescent discharge lamps exports from China, comprising 29% of total exports. The second position in the ranking was held by Malaysia ($X), with a 3.6% share of total exports. It was followed by France, with a 3.6% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-8.5% per year) and France (-8.5% per year).

Export Prices by Country

In 2021, the average fluorescent discharge lamps export price amounted to $X per unit, picking up by 8.9% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 50% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to India (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+10.8%), while the prices for the other major destinations experienced mixed trend patterns.

Fluorescent Discharge Lamps Imports

Imports into China

In 2021, supplies from abroad of fluorescent discharge lamps decreased by -13.5% to X units, falling for the third consecutive year after two years of growth. In general, imports faced a sharp decrease. The growth pace was the most rapid in 2018 with an increase of 3% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, fluorescent discharge lamps imports expanded sharply to $X in 2021. Over the period under review, imports recorded a deep setback. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Japan (X units), Poland (X units) and Germany (X units) were the main suppliers of fluorescent discharge lamps imports to China, with a combined 75% share of total imports. Taiwan (Chinese), Indonesia, Belgium, the Philippines, Thailand, South Korea and Vietnam lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +4.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Japan ($X) constituted the largest supplier of fluorescent discharge lamps to China, comprising 53% of total imports. The second position in the ranking was held by Germany ($X), with a 20% share of total imports. It was followed by the Philippines, with a 5% share.

From 2012 to 2021, the average annual growth rate of value from Japan totaled -9.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-14.6% per year) and the Philippines (+8.1% per year).

Import Prices by Country

In 2021, the average fluorescent discharge lamps import price amounted to $X per unit, rising by 26% against the previous year. Overall, the import price posted a prominent expansion. The pace of growth appeared the most rapid in 2014 when the average import price increased by 65% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per unit), while the price for Vietnam ($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 (+36.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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