Eastern Asia: Bicycle Lighting Market 2025

Bicycle Lighting Market Size in Eastern Asia

The East Asian bicycle lighting market dropped significantly to $X in 2021, shrinking by -28.1% against the previous year. Over the period under review, consumption saw a perceptible decline. The level of consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Bicycle Lighting Production in Eastern Asia

In value terms, bicycle lighting production shrank to $X in 2021 estimated in export price. The total production indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +7.9% against 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of 35% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Bicycle Lighting Exports

Exports in Eastern Asia

In 2021, overseas shipments of electrical or battery operated lighting or visual signalling for bicycles increased by 18% to X units, rising for the fourth consecutive year after three years of decline. Over the period under review, exports saw a notable increase. The most prominent rate of growth was recorded in 2018 with an increase of 163% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, bicycle lighting exports soared to $X in 2021. Overall, exports posted a prominent increase. The pace of growth was the most pronounced in 2020 with an increase of 67%. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

Exports by Country

China dominates exports structure, accounting for X units, which was near 93% of total exports in 2021. The following exporters - Hong Kong SAR (X units) and Taiwan (Chinese) (X units) - each accounted for a 6.2% share of total exports.

China was also the fastest-growing in terms of the electrical or battery operated lighting or visual signalling for bicycles exports, with a CAGR of +6.4% from 2012 to 2021. Hong Kong SAR (-5.4%) and Taiwan (Chinese) (-8.9%) illustrated a downward trend over the same period. While the share of China (+13 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Hong Kong SAR (-4.6 p.p.) and Taiwan (Chinese) (-7.7 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest bicycle lighting supplier in Eastern Asia, comprising 79% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +12.7%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+5.2% per year) and Hong Kong SAR (-1.0% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, increasing by 6.7% against the previous year. In general, the export price showed pronounced growth. The most prominent rate of growth was recorded in 2017 an increase of 76% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+15.5%), while the other leaders experienced more modest paces of growth.

Bicycle Lighting Imports

Imports in Eastern Asia

In 2021, bicycle lighting imports in Eastern Asia rose sharply to X units, with an increase of 14% compared with 2020. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 23% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, bicycle lighting imports surged to $X in 2021. Total imports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +69.2% against 2018 indices. The growth pace was the most rapid in 2020 with an increase of 32% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Imports by Country

In 2021, Japan (X units) represented the largest importer of electrical or battery operated lighting or visual signalling for bicycles, making up 51% of total imports. It was distantly followed by Hong Kong SAR (X units), South Korea (X units) and Taiwan (Chinese) (X units), together creating a 45% share of total imports. China (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to bicycle lighting imports into Japan stood at +3.9%. At the same time, South Korea (+9.0%) and Taiwan (Chinese) (+1.1%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +9.0% from 2012-2021. By contrast, China (-2.3%) and Hong Kong SAR (-10.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Japan, South Korea and Taiwan (Chinese) increased by +18, +7.8 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported electrical or battery operated lighting or visual signalling for bicycles in Eastern Asia, comprising 45% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 19% share of total imports. It was followed by Taiwan (Chinese), with an 18% share.

In Japan, bicycle lighting imports increased at an average annual rate of +1.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (+3.9% per year) and Taiwan (Chinese) (+15.0% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, increasing by 3.8% against the previous year. Import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bicycle lighting import price increased by +16.0% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of 26% against the previous year. The level of import peaked in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+15.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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