Singapore: Electric Lamp Market 2025

Electric Lamp Market Size in Singapore

In 2022, after three years of growth, there was significant decline in the Singaporean electric lamp market, when its value decreased by X% to $X. In general, the total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. Electric lamp consumption peaked at $X in 2021, and then shrank in the following year.

Electric Lamp Production in Singapore

In value terms, electric lamp production reached $X in 2022 estimated in export price. Over the period under review, production, however, saw a strong expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Electric Lamp Exports

Exports from Singapore

In 2022, the amount of electric lamps exported from Singapore reduced to X units, with a decrease of X% against the year before. Over the period under review, exports saw a pronounced shrinkage. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, electric lamp exports stood at $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to see steady growth in the near future.

Exports by Country

Guyana (X units) was the main destination for electric lamp exports from Singapore, with a X% share of total exports. Moreover, electric lamp exports to Guyana exceeded the volume sent to the second major destination, the Philippines (X units), twofold. Indonesia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Guyana amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Indonesia (X% per year).

In value terms, the United States ($X) remains the key foreign market for electric lamps exports from Singapore, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the average electric lamp export price amounted to $X per unit, rising by X% against the previous year. In general, export price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric lamp export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Guyana ($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 (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Lamp Imports

Imports into Singapore

In 2022, imports of electric lamps into Singapore soared to X units, increasing by X% against the year before. Over the period under review, imports showed a relatively flat trend pattern. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, electric lamp imports contracted to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Taiwan (Chinese) (X units) constituted the largest electric lamp supplier to Singapore, with a X% share of total imports. Moreover, electric lamp imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was held by Indonesia (X units), with a X% share.

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

In value terms, the largest electric lamp suppliers to Singapore were Indonesia ($X), Japan ($X) and Germany ($X), together accounting for X% of total imports. Taiwan (Chinese), China, Sri Lanka and Thailand lagged somewhat behind, together accounting for a further X%.

Sri Lanka, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average electric lamp import price stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then reduced markedly in the following year.

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

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

Source: IndexBox Platform

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