Singapore: Market for Lighting Sets For Christmas Trees 2025

Market Size for Lighting Sets For Christmas Trees in Singapore

In 2022, the Singaporean market for lighting sets for christmas trees was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption, however, recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Production of Lighting Sets For Christmas Trees in Singapore

In value terms, lighting set for christmas trees production rose to $X in 2022 estimated in export price. Overall, production enjoyed notable growth. The most prominent rate of growth was recorded in 2015 with an increase of 370% against the previous year. Over the period under review, production hit record highs at $X in 2020; afterwards, it flattened through to 2022.

Exports of Lighting Sets For Christmas Trees

Exports from Singapore

In 2022, after two years of decline, there was significant growth in overseas shipments of lighting sets for christmas trees, when their volume increased by 57% to X units. Over the period under review, exports showed a modest expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 667%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, lighting set for christmas trees exports surged to $X in 2022. Overall, exports continue to indicate temperate growth. The growth pace was the most rapid in 2019 with an increase of 544% against the previous year. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Indonesia (X units) was the main destination for lighting set for christmas trees exports from Singapore, accounting for a 83% share of total exports. Moreover, lighting set for christmas trees exports to Indonesia exceeded the volume sent to the second major destination, Maldives (X units), ninefold.

From 2012 to 2022, the average annual growth rate of volume to Indonesia amounted to +20.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (-3.1% per year) and Malaysia (-9.3% per year).

In value terms, Indonesia ($X) remains the key foreign market for lighting sets for christmas trees exports from Singapore, comprising 84% of total exports. The second position in the ranking was held by Maldives ($X), with an 8.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia totaled +23.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (-1.4% per year) and Malaysia (-7.5% per year).

Export Prices by Country

The average export price for lighting sets for christmas trees stood at $X per unit in 2022, approximately equating the previous year. Overall, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lighting set for christmas trees export price decreased by -38.1% against 2018 indices. The growth pace was the most rapid in 2016 when the average export price increased by 36% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Maldives ($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 Christmas Island (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lighting Sets For Christmas Trees

Imports into Singapore

In 2022, supplies from abroad of lighting sets for christmas trees was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 109%. As a result, imports reached the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, lighting set for christmas trees imports contracted to $X in 2022. Over the period under review, imports, however, recorded a mild shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 109%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest lighting set for christmas trees supplier to Singapore, with a 86% share of total imports. Moreover, lighting set for christmas trees imports from China exceeded the figures recorded by the second-largest supplier, France (X units), more than tenfold. Italy (X units) ranked third in terms of total imports with a 2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-0.2% per year) and Italy (-8.6% per year).

In value terms, China ($X) constituted the largest supplier of lighting sets for christmas trees to Singapore, comprising 86% of total imports. The second position in the ranking was taken by France ($X), with a 4.2% share of total imports. It was followed by Italy, with a 2% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-1.4% per year) and Italy (-9.6% per year).

Import Prices by Country

The average import price for lighting sets for christmas trees stood at $X per unit in 2022, remaining relatively unchanged against the previous year. Overall, the import price showed a slight descent. The pace of growth appeared the most rapid in 2018 an increase of 9.4%. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Germany ($X per unit) and Japan ($X per unit), while the price for France ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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