Eastern Asia: Sealed Beam Market 2024

Sealed Beam Market Size in Eastern Asia

The East Asian sealed beam market reduced markedly to $X in 2022, which is down by -42.1% against the previous year. Overall, consumption recorded a drastic downturn. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Sealed Beam Production in Eastern Asia

In value terms, sealed beam production rose significantly to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt curtailment. The pace of growth was the most pronounced in 2020 when the production volume increased by 35% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Sealed Beam Exports

Exports in Eastern Asia

In 2022, approx. X units of sealed beam lamp units were exported in Eastern Asia; with an increase of 248% compared with 2021 figures. Over the period under review, exports, however, showed a pronounced contraction. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, sealed beam exports surged to $X in 2022. Overall, exports enjoyed strong growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, reaching X units, which was near 97% of total exports in 2022. Taiwan (Chinese) (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the sealed beam lamp units exports, with a CAGR of -3.6% from 2012 to 2022. Taiwan (Chinese) (-17.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +10 percentage points.

In value terms, China ($X) remains the largest sealed beam supplier in Eastern Asia, comprising 98% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 1.2% share of total exports.

In China, sealed beam exports expanded at an average annual rate of +8.0% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, surging by 13% against the previous year. In general, the export price posted strong growth. The growth pace was the most rapid in 2020 an increase of 108% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.1%).

Sealed Beam Imports

Imports in Eastern Asia

In 2022, purchases abroad of sealed beam lamp units was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 164%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sealed beam imports fell to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 74% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Taiwan (Chinese) was the largest importing country with an import of about X units, which resulted at 56% of total imports. South Korea (X units) took the second position in the ranking, distantly followed by Hong Kong SAR (X units), Democratic People's Republic of Korea (X units) and China (X units). All these countries together took near 40% share of total imports. Japan (X units) followed a long way behind the leaders.

Imports into Taiwan (Chinese) increased at an average annual rate of +16.8% from 2012 to 2022. At the same time, South Korea (+24.6%), Democratic People's Republic of Korea (+16.8%), China (+13.8%) and Japan (+1.2%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +24.6% from 2012-2022. By contrast, Hong Kong SAR (-2.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Taiwan (Chinese), South Korea and Democratic People's Republic of Korea increased by +18, +14 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X), Hong Kong SAR ($X) and Taiwan (Chinese) ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 68% share of total imports. Democratic People's Republic of Korea, China and Japan lagged somewhat behind, together accounting for a further 30%.

Democratic People's Republic of Korea, with a CAGR of +16.8%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, dropping by -16.9% against the previous year. In general, the import price recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 an increase of 86%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Democratic People's Republic of Korea ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (-4.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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