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

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

The Japanese market for special-purpose electric lamps and lighting fittings stood at $X in 2022, with an increase of 4.4% against the previous year. Over the period under review, consumption continues to indicate a buoyant increase. Consumption of peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Special-Purpose Electric Lamps and Lighting Fittings in Japan

In value terms, production of special-purpose electric lamps and lighting fittings expanded notably to $X in 2022 estimated in export price. In general, production saw strong growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 124%. Over the period under review, production of attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Special-Purpose Electric Lamps and Lighting Fittings

Exports from Japan

In 2022, overseas shipments of special-purpose electric lamps and lighting fittings increased by 3.4% to X units, rising for the second consecutive year after three years of decline. Over the period under review, exports, however, saw a perceptible downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 28%. Over the period under review, the exports of reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, exports of special-purpose electric lamps and lighting fittings shrank modestly to $X in 2022. Overall, exports, however, saw a slight decline. The growth pace was the most rapid in 2017 with an increase of 17% against the previous year. Over the period under review, the exports of reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for exports of special-purpose electric lamps and lighting fittings from Japan, accounting for a 36% 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, Taiwan (Chinese) (X units), fourfold. China (X units) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-4.7% per year) and China (-3.2% per year).

In value terms, the United States ($X), South Korea ($X) and China ($X) were the largest markets for special-purpose electric lamp and lighting fitting exported from Japan worldwide, with a combined 57% share of total exports.

Among the main countries of destination, South Korea, with a CAGR of +9.9%, 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

The average export price for special-purpose electric lamps and lighting fittings stood at $X per unit in 2022, waning by -5.7% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the average export price increased by 33%. The export price peaked at $X per unit in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to the Philippines ($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 Saudi Arabia (+39.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Special-Purpose Electric Lamps and Lighting Fittings

Imports into Japan

After six years of growth, purchases abroad of special-purpose electric lamps and lighting fittings decreased by -7.5% to X units in 2022. The total import volume increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 18%. As a result, imports reached the peak of X units, and then reduced in the following year.

In value terms, imports of special-purpose electric lamps and lighting fittings contracted to $X in 2022. The total import value increased at an average annual rate of +2.0% from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 17%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, China (X units) constituted the largest special-purpose electric lamp and lighting fitting supplier to Japan, accounting for a 89% share of total imports. Moreover, imports of special-purpose electric lamps and lighting fittings from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), more than tenfold. South Korea (X units) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-2.4% per year) and South Korea (-2.4% per year).

In value terms, China ($X) constituted the largest supplier of special-purpose electric lamps and lighting fittings to Japan, comprising 74% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 4.7% share of total imports. It was followed by South Korea, with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-0.6% per year) and South Korea (-5.5% 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, approximately equating the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 3.6% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :