India: Lamp Holder Market 2024

Lamp Holder Market Size in India

The Indian lamp holder market rose slightly to $X in 2022, increasing by 4.2% against the previous year. Overall, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +60.6% against 2015 indices. Lamp holder consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Lamp Holder Production in India

In value terms, lamp holder production amounted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2013 when the production volume increased by 42% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Lamp Holder Exports

Exports from India

In 2022, the amount of lamp holders, plugs and sockets exported from India declined remarkably to X tons, reducing by -30.5% against the year before. Overall, exports showed a abrupt slump. The pace of growth appeared the most rapid in 2021 when exports increased by 45%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, lamp holder exports declined rapidly to $X in 2022. In general, total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +12.1% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 52%. As a result, the exports attained the peak of $X, and then declined rapidly in the following year.

Exports by Country

The United States (X tons), Germany (X tons) and the Czech Republic (X tons) were the main destinations of lamp holder exports from India, with a combined 0.5% 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 the Czech Republic (with a CAGR of +30.8%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Germany ($X) and the Czech Republic ($X) appeared to be the largest markets for lamp holder exported from India worldwide, with a combined 44% share of total exports. France, Italy, Australia, Hong Kong SAR, Thailand, China, Singapore, the Philippines, the United Arab Emirates and Sri Lanka lagged somewhat behind, together accounting for a further 42%.

Among the main countries of destination, the Philippines, with a CAGR of +38.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average lamp holder export price amounted to $X per ton, increasing by 5% against the previous year. In general, the export price continues to indicate a strong increase. The growth pace was the most rapid in 2017 when the average export price increased by 112%. Over the period under review, the average export prices attained the maximum in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+24.2%), while the prices for the other major destinations experienced more modest paces of growth.

Lamp Holder Imports

Imports into India

In 2022, lamp holder imports into India soared to X tons, rising by 66% against the previous year's figure. In general, imports, however, recorded a abrupt contraction. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, lamp holder imports surged to $X in 2022. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +114.8% against 2014 indices. The growth pace was the most rapid in 2021 when imports increased by 26% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest lamp holder supplier to India, accounting for a 1.4% share of total imports. Moreover, lamp holder imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X tons), ninefold. The third position in this ranking was taken by Germany (X tons), with a 0.1% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +21.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+26.4% per year) and Germany (+3.0% per year).

In value terms, the largest lamp holder suppliers to India were China ($X), Hong Kong SAR ($X) and Germany ($X), with a combined 47% share of total imports.

Among the main suppliers, Hong Kong SAR, with a CAGR of +41.6%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average lamp holder import price amounted to $X per ton, rising by 8% against the previous year. Overall, the import price saw a buoyant increase. The pace of growth appeared the most rapid in 2013 an increase of 72% against the previous year. The import price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+15.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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