China: Sealed Beam Market 2024

Sealed Beam Market Size in China

In 2022, the Chinese sealed beam market decreased by -87.2% to $X for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption saw a abrupt decline. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Sealed Beam Production in China

In value terms, sealed beam production rose significantly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced descent. The pace of growth was the most pronounced in 2020 when the production volume increased by 39%. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Sealed Beam Exports

Exports from China

In 2022, the amount of sealed beam lamp units exported from China skyrocketed to X units, with an increase of 285% on 2021. In general, exports, however, continue to indicate a noticeable downturn. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, sealed beam exports skyrocketed to $X in 2022. Over the period under review, exports showed a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for sealed beam exports from China, with a 35% share of total exports. Moreover, sealed beam exports to the United States exceeded the volume sent to the second major destination, Canada (X units), threefold. The third position in this ranking was taken by Poland (X units), with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+0.6% per year) and Poland (-4.0% per year).

In value terms, the United States ($X) remains the key foreign market for sealed beam lamp units exports from China, comprising 46% of total exports. The second position in the ranking was taken by the UK ($X), with a 7.6% share of total exports. It was followed by the Netherlands, with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +26.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+32.6% per year) and the Netherlands (+30.8% per year).

Export Prices by Country

In 2022, the average sealed beam export price amounted to $X per unit, picking up by 8.6% against the previous year. In general, the export price posted a resilient expansion. The most prominent rate of growth was recorded in 2020 an increase of 135% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Australia ($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 Netherlands (+25.9%), while the prices for the other major destinations experienced more modest paces of growth.

Sealed Beam Imports

Imports into China

After five years of growth, overseas purchases of sealed beam lamp units decreased by -1.5% to X units in 2022. Over the period under review, imports, however, showed strong growth. The pace of growth appeared the most rapid in 2020 when imports increased by 73% against the previous year. Imports peaked at X units in 2021, and then contracted modestly in the following year.

In value terms, sealed beam imports plummeted to $X in 2022. Overall, imports recorded a mild setback. The growth pace was the most rapid in 2014 with an increase of 60% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of sealed beam to China, accounting for a 76% share of total imports. Moreover, sealed beam imports from the United States exceeded the figures recorded by the second-largest supplier, Australia (X units), more than tenfold. The third position in this ranking was held by Germany (X units), with a 4% share.

From 2012 to 2022, the average annual growth rate of volume from the United States amounted to +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+138.5% per year) and Germany (+16.1% per year).

In value terms, Australia ($X), Germany ($X) and the United States ($X) were the largest sealed beam suppliers to China, together comprising 74% of total imports.

In terms of the main suppliers, Australia, with a CAGR of +118.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average sealed beam import price amounted to $X per unit, declining by -32.2% against the previous year. Over the period under review, the import price showed a deep downturn. The pace of growth appeared the most rapid in 2013 an increase of 31% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 Germany ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-3.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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