Japan: Market for Parts For Electric Filament Or Discharge Lamps 2024

Market Size for Parts For Electric Filament Or Discharge Lamps in Japan

In 2022, the Japanese electric filament lamp parts market increased by 9.1% to $X, rising for the second year in a row after eight years of decline. Overall, consumption, however, continues to indicate a abrupt descent. Electric filament lamp parts consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Parts For Electric Filament Or Discharge Lamps in Japan

In value terms, electric filament lamp parts production fell to $X in 2022 estimated in export price. Over the period under review, production recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 when the production volume increased by 12% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Parts For Electric Filament Or Discharge Lamps

Exports from Japan

In 2022, the amount of parts for electric filament or discharge lamps exported from Japan contracted sharply to X tons, waning by -55.2% against 2021 figures. In general, exports showed a abrupt decline. The pace of growth appeared the most rapid in 2014 when exports increased by 40% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, electric filament lamp parts exports contracted markedly to $X in 2022. Over the period under review, exports showed a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 39% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Poland (X tons) was the main destination for electric filament lamp parts exports from Japan, with a 44% share of total exports. Moreover, electric filament lamp parts exports to Poland exceeded the volume sent to the second major destination, Thailand (X tons), threefold. China (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to Poland amounted to +71.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-8.4% per year) and China (-6.4% per year).

In value terms, the largest markets for electric filament lamp parts exported from Japan were Poland ($X), China ($X) and Thailand ($X), together comprising 54% of total exports.

In terms of the main countries of destination, Poland, with a CAGR of +56.9%, recorded 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 2022, the average electric filament lamp parts export price amounted to $X per ton, surging by 69% against the previous year. In general, the export price, however, continues to indicate a perceptible contraction. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts For Electric Filament Or Discharge Lamps

Imports into Japan

In 2022, approx. X tons of parts for electric filament or discharge lamps were imported into Japan; waning by -11.1% against 2021 figures. Over the period under review, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when imports increased by 62%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, electric filament lamp parts imports dropped modestly to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 64%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of electric filament lamp parts to Japan, accounting for a 83% share of total imports. Moreover, electric filament lamp parts imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold. The third position in this ranking was taken by Vietnam (X tons), with a 3% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-1.8% per year) and Vietnam (+11.9% per year).

In value terms, China ($X) constituted the largest supplier of parts for electric filament or discharge lamps to Japan, comprising 64% of total imports. The second position in the ranking was held by Germany ($X), with a 4.9% share of total imports. It was followed by Italy, with a 3.5% share.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.2% per year) and Italy (-13.0% per year).

Import Prices by Country

In 2022, the average electric filament lamp parts import price amounted to $X per ton, rising by 9% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric filament lamp parts import price increased by +69.1% against 2012 indices. The pace of growth appeared the most rapid in 2020 an increase of 21% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the near future.

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 the Philippines ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+29.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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