Eastern Asia: Electric Filament Lamp Market 2024

Electric Filament Lamp Market Size in Eastern Asia

For the ninth consecutive year, the East Asian electric filament lamp market recorded decline in sales value, which decreased by -9.9% to $X in 2021. Over the period under review, consumption continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2013 with a decrease of -0.3% against the previous year. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Electric Filament Lamp Production in Eastern Asia

In value terms, electric filament lamp production fell modestly to $X in 2021 estimated in export price. In general, production continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by 6.8% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Electric Filament Lamp Exports

Exports in Eastern Asia

In 2021, shipments abroad of electric filament lamps increased by 3.9% to X units, rising for the second consecutive year after four years of decline. Overall, exports saw a resilient increase. The pace of growth appeared the most rapid in 2020 when exports increased by 136%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, electric filament lamp exports skyrocketed to $X in 2021. In general, exports, however, showed a perceptible decrease. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

China prevails in exports structure, resulting at X units, which was near 92% of total exports in 2021. The following exporters - Japan (X units) and South Korea (X units) - each recorded a 6.1% share of total exports.

China was also the fastest-growing in terms of the electric filament lamps exports, with a CAGR of +11.7% from 2012 to 2021. Japan (-4.8%) and South Korea (-6.1%) illustrated a downward trend over the same period. While the share of China (+23 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of South Korea (-7 p.p.) and Japan (-7.3 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest electric filament lamp supplier in Eastern Asia, comprising 79% of total exports. The second position in the ranking was taken by Japan ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China totaled -1.1%. In the other countries, the average annual rates were as follows: Japan (-7.1% per year) and South Korea (-2.0% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2021, surging by 11% against the previous year. Overall, the export price, however, recorded a abrupt shrinkage. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+4.4%), while the other leaders experienced a decline in the export price figures.

Electric Filament Lamp Imports

Imports in Eastern Asia

In 2021, after seven years of decline, there was growth in supplies from abroad of electric filament lamps, when their volume increased by 3.5% to X units. In general, imports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of 6%. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, electric filament lamp imports expanded significantly to $X in 2021. Overall, imports, however, continue to indicate a abrupt decline. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The purchases of the three major importers of electric filament lamps, namely China, South Korea and Japan, represented more than two-thirds of total import. It was distantly followed by Taiwan (Chinese) (X units) and Hong Kong SAR (X units), together constituting a 22% share of total imports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of -4.0%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, China ($X) constitutes the largest market for imported electric filament lamps in Eastern Asia, comprising 42% of total imports. The second position in the ranking was taken by Japan ($X), with a 17% share of total imports. It was followed by South Korea, with a 17% share.

In China, electric filament lamp imports declined by an average annual rate of -8.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (-9.6% per year) and South Korea (-8.4% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, growing by 3% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 14%. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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