Malaysia: Lamp Holder Market 2024

Lamp Holder Market Size in Malaysia

The Malaysian lamp holder market fell markedly to $X in 2022, which is down by -20.2% 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). Over the period under review, consumption, however, recorded a strong increase. Lamp holder consumption peaked at $X in 2021, and then shrank markedly in the following year.

Lamp Holder Exports

Exports from Malaysia

In 2022, lamp holder exports from Malaysia skyrocketed to X tons, with an increase of 18% against the year before. In general, exports continue to indicate a measured expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 113% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, lamp holder exports fell to $X in 2022. Over the period under review, exports enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 170%. The exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

The United States (X tons), Singapore (X tons) and Hong Kong SAR (X tons) were the main destinations of lamp holder exports from Malaysia, together comprising 1% of total exports. Germany, Japan, the UK, Thailand, India, Vietnam, China, South Korea, Brunei Darussalam and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 0.7%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +63.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Hong Kong SAR ($X) and China ($X) were the largest markets for lamp holder exported from Malaysia worldwide, with a combined 16% share of total exports. Singapore, Germany, Japan, Vietnam, India, Thailand, Taiwan (Chinese), the UK, South Korea and Brunei Darussalam lagged somewhat behind, together comprising a further 17%.

Among the main countries of destination, Vietnam, with a CAGR of +46.0%, saw the highest rates of growth with regard to 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, growing by 84% against the previous year. Over the period under review, the export price enjoyed buoyant growth. The pace of growth appeared the most rapid in 2017 an increase of 89% against the previous year. 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 China ($X per ton), while the average price for exports to Brunei Darussalam ($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 Vietnam (+6.5%), while the prices for the other major destinations experienced a decline.

Lamp Holder Imports

Imports into Malaysia

In 2022, the amount of lamp holders, plugs and sockets imported into Malaysia shrank remarkably to X tons, reducing by -20.2% compared with the previous year. Over the period under review, imports, however, continue to indicate a significant expansion. The growth pace was the most rapid in 2017 with an increase of 166%. Imports peaked at X tons in 2021, and then declined notably in the following year.

In value terms, lamp holder imports dropped to $X in 2022. Overall, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 120% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of lamp holder to Malaysia, with a 0.2% share of total imports. Moreover, lamp holder imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X tons), threefold. The third position in this ranking was taken by the United States (X tons), with a 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +14.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+32.0% per year) and the United States (+17.8% per year).

In value terms, the United States ($X), China ($X) and Singapore ($X) appeared to be the largest lamp holder suppliers to Malaysia, together accounting for 66% of total imports. South Korea, Japan, Hong Kong SAR, Taiwan (Chinese) and Germany lagged somewhat behind, together comprising a further 21%.

Among the main suppliers, South Korea, with a CAGR of +22.4%, recorded the highest growth rate of 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

The average lamp holder import price stood at $X per ton in 2021, with a decrease of -33.4% against the previous year. Over the period under review, the import price showed a deep setback. The most prominent rate of growth was recorded in 2018 an increase of 72%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Germany ($X per ton), while the price for Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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