Eastern Asia: Electronic Lamp Machine Market 2024

Electronic Lamp Machine Market Size in Eastern Asia

The East Asian electronic lamp machine market dropped slightly to $X in 2021, standing approx. at the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2020, and then declined slightly in the following year.

Electronic Lamp Machine Production in Eastern Asia

In value terms, electronic lamp machine production reached $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of 2%. The level of production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Electronic Lamp Machine Exports

Exports in Eastern Asia

In 2021, exports of machines for electric or electronic lamps, tubes, valves or flashbulbs in Eastern Asia fell slightly to X units, reducing by -3.9% compared with the previous year's figure. Over the period under review, exports faced a significant decline. The growth pace was the most rapid in 2014 with an increase of 70% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, electronic lamp machine exports shrank sharply to $X in 2021. In general, exports showed a dramatic decrease. The pace of growth appeared the most rapid in 2016 when exports increased by 0.2% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China was the key exporting country with an export of about X units, which reached 66% of total exports. South Korea (X units) ranks second in terms of the total exports with a 22% share, followed by Taiwan (Chinese) (11%).

China experienced a relatively flat trend pattern with regard to volume of exports of machines for electric or electronic lamps, tubes, valves or flashbulbs. South Korea (-33.1%) and Taiwan (Chinese) (-33.6%) illustrated a downward trend over the same period. China (+61 p.p.) significantly strengthened its position in terms of the total exports, while Taiwan (Chinese) and South Korea saw its share reduced by -19.7% and -35.8% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest electronic lamp machine supplier in Eastern Asia, comprising 72% of total exports. The second position in the ranking was taken by South Korea ($X), with a 16% share of total exports.

In China, electronic lamp machine exports contracted by an average annual rate of -9.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (-32.6% per year) and Taiwan (Chinese) (-31.8% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, which is down by -26.9% against the previous year. Export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when the export price increased by 116%. Over the period under review, the export prices hit record highs at $X per unit in 2020, and then shrank significantly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was China ($X per unit), while Taiwan (Chinese) ($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) (+2.7%), while the other leaders experienced mixed trends in the export price figures.

Electronic Lamp Machine Imports

Imports in Eastern Asia

In 2021, overseas purchases of machines for electric or electronic lamps, tubes, valves or flashbulbs increased by 10% to X units, rising for the second consecutive year after two years of decline. Overall, imports posted a moderate increase. The pace of growth was the most pronounced in 2020 with an increase of 153% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, electronic lamp machine imports dropped notably to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 with an increase of 115% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X units) and Hong Kong SAR (X units) was the main importer of machines for electric or electronic lamps, tubes, valves or flashbulbs in Eastern Asia, committing 98% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Hong Kong SAR (with a CAGR of +13.6%).

In value terms, Hong Kong SAR ($X) constitutes the largest market for imported machines for electric or electronic lamps, tubes, valves or flashbulbs in Eastern Asia, comprising 64% of total imports. The second position in the ranking was held by Japan ($X), with a 20% share of total imports.

In Hong Kong SAR, electronic lamp machine imports increased at an average annual rate of +16.0% over the period from 2012-2021.

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, shrinking by -25.5% against the previous year. Over the period under review, the import price continues to indicate a precipitous contraction. The growth pace was the most rapid in 2015 an increase of 37%. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Hong Kong SAR ($X per unit), while Japan stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+2.1%).

Source: IndexBox Platform

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