Eastern Asia: Market for Lighting Sets For Christmas Trees 2024

Market Size for Lighting Sets For Christmas Trees in Eastern Asia

The East Asian market for lighting sets for christmas trees surged to $X in 2022, with an increase of 41% against the previous year. In general, consumption showed a relatively flat trend pattern. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Lighting Sets For Christmas Trees in Eastern Asia

In value terms, lighting set for christmas trees production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a mild descent. The pace of growth appeared the most rapid in 2019 when the production volume increased by 22%. Over the period under review, production attained the maximum level at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Exports of Lighting Sets For Christmas Trees

Exports in Eastern Asia

Lighting set for christmas trees exports shrank to X units in 2022, which is down by -8.8% compared with the year before. In general, exports saw a noticeable contraction. The pace of growth appeared the most rapid in 2019 with an increase of 45%. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, lighting set for christmas trees exports shrank to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 39%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

China (X units) represented roughly 100% of total exports in 2022.

China was also the fastest-growing in terms of the lighting sets for christmas trees exports, with a CAGR of -2.4% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest lighting set for christmas trees supplier in Eastern Asia.

From 2012 to 2022, the average annual growth rate of value in China was relatively modest.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, with a decrease of -5.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2014 an increase of 33% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +2.2% per year.

Imports of Lighting Sets For Christmas Trees

Imports in Eastern Asia

In 2022, imports of lighting sets for christmas trees in Eastern Asia soared to X units, increasing by 60% compared with 2021. In general, imports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2020 when imports increased by 89% against the previous year. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, lighting set for christmas trees imports expanded rapidly to $X in 2022. Over the period under review, imports, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 23%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Hong Kong SAR was the main importer of lighting sets for christmas trees in Eastern Asia, with the volume of imports recording X units, which was near 69% of total imports in 2022. It was distantly followed by South Korea (X units), constituting a 24% share of total imports. Japan (X units) and Taiwan (Chinese) (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to lighting set for christmas trees imports into Hong Kong SAR stood at -9.9%. At the same time, South Korea (+17.4%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +17.4% from 2012-2022. By contrast, Taiwan (Chinese) (-6.2%) and Japan (-7.1%) illustrated a downward trend over the same period. While the share of South Korea (+22 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Hong Kong SAR (-22.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) constitutes the largest market for imported lighting sets for christmas trees in Eastern Asia, comprising 55% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 24% share of total imports. It was followed by Japan, with a 17% share.

In South Korea, lighting set for christmas trees imports expanded at an average annual rate of +21.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hong Kong SAR (-16.8% per year) and Japan (-8.3% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, shrinking by -32.3% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 84% against the previous year. As a result, import price attained the peak level of $X per unit, and then contracted rapidly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :