Malaysia: Bicycle Lighting Market 2025

Bicycle Lighting Market Size in Malaysia

The Malaysian bicycle lighting market surged to $X in 2021, jumping by 88% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Bicycle Lighting Exports

Exports from Malaysia

In 2021, approx. X units of electrical or battery operated lighting or visual signalling for bicycles were exported from Malaysia; jumping by 44% compared with the previous year. In general, exports showed a prominent increase. The pace of growth appeared the most rapid in 2015 with an increase of 1,385%. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, bicycle lighting exports soared to $X in 2021. Over the period under review, exports posted a strong increase. The pace of growth was the most pronounced in 2015 when exports increased by 1,334% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

France (X units) was the main destination for bicycle lighting exports from Malaysia, with a 59% share of total exports. Moreover, bicycle lighting exports to France exceeded the volume sent to the second major destination, Japan (X units), more than tenfold. The third position in this ranking was taken by India (X units), with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume to France totaled +79.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+6.7% per year) and India (+39.5% per year).

In value terms, France ($X) remains the key foreign market for electrical or battery operated lighting or visual signalling for bicycles exports from Malaysia, comprising 56% of total exports. The second position in the ranking was held by India ($X), with a 2.7% share of total exports. It was followed by Japan, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value to France amounted to +77.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+43.8% per year) and Japan (+2.2% per year).

Export Prices by Country

In 2021, the average bicycle lighting export price amounted to $X per unit, with a decrease of -13.7% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2016 when the average export price increased by 20% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Qatar ($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 Spain (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.

Bicycle Lighting Imports

Imports into Malaysia

In 2021, bicycle lighting imports into Malaysia soared to X units, increasing by 82% against the previous year. In general, imports continue to indicate pronounced growth. The growth pace was the most rapid in 2015 with an increase of 196%. Over the period under review, imports reached the peak figure at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, bicycle lighting imports soared to $X in 2021. Over the period under review, imports recorded a slight increase. The pace of growth was the most pronounced in 2015 with an increase of 173%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of bicycle lighting to Malaysia, accounting for a 70% share of total imports. Moreover, bicycle lighting imports from China exceeded the figures recorded by the second-largest supplier, France (X units), more than tenfold. The third position in this ranking was held by India (X units), with a 1.3% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+77.1% per year) and India (+46.9% per year).

In value terms, China ($X) constituted the largest supplier of electrical or battery operated lighting or visual signalling for bicycles to Malaysia, comprising 47% of total imports. The second position in the ranking was taken by France ($X), with a 15% share of total imports. It was followed by Taiwan (Chinese), with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+47.3% per year) and Taiwan (Chinese) (-10.3% per year).

Import Prices by Country

In 2021, the average bicycle lighting import price amounted to $X per unit, reducing by -18% against the previous year. Overall, the import price saw a slight decrease. The pace of growth was the most pronounced in 2018 an increase of 46%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

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 ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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