India: Fluorescent Discharge Lamps Market 2024

Fluorescent Discharge Lamps Market Size in India

In 2021, the Indian fluorescent discharge lamps market increased by 14% to $X for the first time since 2012, thus ending a eight-year declining trend. Overall, consumption, however, showed a abrupt slump. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Fluorescent Discharge Lamps Production in India

In value terms, fluorescent discharge lamps production surged to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a deep setback. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Fluorescent Discharge Lamps Exports

Exports from India

In 2021, overseas shipments of fluorescent discharge lamps were finally on the rise to reach X units after three years of decline. Overall, exports, however, showed a mild shrinkage. The growth pace was the most rapid in 2016 when exports increased by 40% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, fluorescent discharge lamps exports surged to $X in 2021. In general, exports, however, continue to indicate a deep downturn. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Thailand (X units), Indonesia (X units) and Malaysia (X units) were the main destinations of fluorescent discharge lamps exports from India, with a combined 53% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +181.6%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for fluorescent discharge lamps exports from India, comprising 44% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 7% share of total exports. It was followed by Indonesia, with a 6.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to -8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+48.6% per year) and Indonesia (+80.5% per year).

Export Prices by Country

The average fluorescent discharge lamps export price stood at $X per unit in 2021, rising by 25% against the previous year. Over the period under review, the export price, however, saw a drastic downturn. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was France ($X per unit), while the average price for exports to Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+26.4%), while the prices for the other major destinations experienced more modest paces of growth.

Fluorescent Discharge Lamps Imports

Imports into India

In 2021, purchases abroad of fluorescent discharge lamps decreased by -0.5% to X units, falling for the second year in a row after three years of growth. Over the period under review, imports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 65%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, fluorescent discharge lamps imports reduced to $X in 2021. In general, imports faced a abrupt decrease. The growth pace was the most rapid in 2019 with an increase of 7.4% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Poland (X units), Thailand (X units) and Japan (X units) were the main suppliers of fluorescent discharge lamps imports to India, together comprising 64% of total imports.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +40.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest fluorescent discharge lamps suppliers to India were China ($X), Germany ($X) and Poland ($X), together comprising 60% of total imports.

Poland, with a CAGR of +17.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average fluorescent discharge lamps import price amounted to $X per unit, waning by -4.7% against the previous year. In general, the import price showed a abrupt setback. The most prominent rate of growth was recorded in 2014 when the average import price increased by 48% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Malaysia ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+38.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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