Indonesia: Market for Special-Purpose Electric Lamps and Lighting Fittings 2024

Market Size for Special-Purpose Electric Lamps and Lighting Fittings in Indonesia

For the third year in a row, the Indonesian market for special-purpose electric lamps and lighting fittings recorded decline in sales value, which decreased by -13.5% to $X in 2022. Overall, consumption, however, recorded a relatively flat trend pattern. Consumption of peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Exports of Special-Purpose Electric Lamps and Lighting Fittings

Exports from Indonesia

For the third consecutive year, Indonesia recorded growth in shipments abroad of special-purpose electric lamps and lighting fittings, which increased by 93% to X units in 2022. Over the period under review, exports showed a significant expansion. The growth pace was the most rapid in 2020 with an increase of 159%. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, exports of special-purpose electric lamps and lighting fittings totaled $X in 2022. In general, exports posted resilient growth. The growth pace was the most rapid in 2020 with an increase of 150%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for exports of special-purpose electric lamps and lighting fittings from Indonesia, with a 71% share of total exports. Moreover, exports of special-purpose electric lamps and lighting fittings to the United States exceeded the volume sent to the second major destination, Germany (X units), sixfold. The third position in this ranking was held by Japan (X units), with a 3.6% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +106.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+59.7% per year) and Japan (+8.5% per year).

In value terms, the United States ($X) remains the key foreign market for special-purpose electric lamps and lighting fittings exports from Indonesia, comprising 72% of total exports. The second position in the ranking was taken by Singapore ($X), with a 7.3% share of total exports. It was followed by Germany, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +98.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+1.9% per year) and Germany (+26.0% per year).

Export Prices by Country

The average export price for special-purpose electric lamps and lighting fittings stood at $X per unit in 2022, reducing by -44.5% against the previous year. Overall, the export price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2013 an increase of 43% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+0.1%), while the prices for the other major destinations experienced a decline.

Imports of Special-Purpose Electric Lamps and Lighting Fittings

Imports into Indonesia

Imports of special-purpose electric lamps and lighting fittings into Indonesia declined to X units in 2022, falling by -3.3% compared with the previous year's figure. Overall, total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +6.0% 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 +19.6% against 2018 indices. The growth pace was the most rapid in 2016 when imports increased by 62% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of special-purpose electric lamps and lighting fittings soared to $X in 2022. Over the period under review, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 50%. Over the period under review, imports of attained the maximum at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main special-purpose electric lamp and lighting fitting supplier to Indonesia, accounting for a 95% share of total imports. It was followed by Malaysia (X units), with a 0.7% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-5.2% per year) and Singapore (-15.3% per year).

In value terms, China ($X) constituted the largest supplier of special-purpose electric lamps and lighting fittings to Indonesia, comprising 84% of total imports. The second position in the ranking was held by Singapore ($X), with a 1% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at +9.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-10.2% per year) and Malaysia (-5.8% per year).

Import Prices by Country

In 2022, the average import price for special-purpose electric lamps and lighting fittings amounted to $X per unit, with an increase of 34% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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