Singapore: Market for Special-Purpose Electric Lamps and Lighting Fittings 2025

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

The Singaporean market for special-purpose electric lamps and lighting fittings declined to $X in 2022, which is down by -11.2% 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). In general, consumption recorded a pronounced downturn. Consumption of peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Exports of Special-Purpose Electric Lamps and Lighting Fittings

Exports from Singapore

In 2022, exports of special-purpose electric lamps and lighting fittings from Singapore reduced to X units, which is down by -7.1% compared with 2021 figures. In general, exports, however, showed a modest expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 338% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of special-purpose electric lamps and lighting fittings declined to $X in 2022. Overall, exports, however, saw a prominent increase. The most prominent rate of growth was recorded in 2014 when exports increased by 514%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports of remained at a lower figure.

Exports by Country

Malaysia (X units), Indonesia (X units) and Vietnam (X units) were the main destinations of exports of special-purpose electric lamps and lighting fittings from Singapore, together accounting for 51% of total exports. India, China, Australia, Brunei Darussalam, the United States, Thailand, Hong Kong SAR, Sri Lanka, Cambodia and South Korea lagged somewhat behind, together comprising a further 31%.

From 2012 to 2022, the biggest increases were recorded for Cambodia (with a CAGR of +28.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), Indonesia ($X) and Vietnam ($X) constituted the largest markets for special-purpose electric lamp and lighting fitting exported from Singapore worldwide, with a combined 51% share of total exports. India, China, Australia, the United States, Brunei Darussalam, Thailand, Hong Kong SAR, Sri Lanka, South Korea and Cambodia lagged somewhat behind, together accounting for a further 32%.

Cambodia, with a CAGR of +34.1%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for special-purpose electric lamps and lighting fittings amounted to $X per unit, increasing by 4.3% against the previous year. In general, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for special-purpose electric lamps and lighting fittings decreased by -10.7% against 2019 indices. The growth pace was the most rapid in 2014 when the average export price increased by 40%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to South Korea ($X per unit) and Thailand ($X per unit), while the average price for exports to Cambodia ($X per unit) and Sri Lanka ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+5.9%), 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 Singapore

In 2022, imports of special-purpose electric lamps and lighting fittings into Singapore contracted to X units, waning by -8.1% against 2021. In general, imports continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 34% against the previous year. Over the period under review, imports of attained the maximum at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports of special-purpose electric lamps and lighting fittings dropped to $X in 2022. Over the period under review, imports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 41% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of special-purpose electric lamp and lighting fitting to Singapore, accounting for a 50% 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, Germany (X units), sixfold. The United States (X units) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.3% per year) and the United States (-5.6% per year).

In value terms, China ($X) constituted the largest supplier of special-purpose electric lamps and lighting fittings to Singapore, comprising 52% of total imports. The second position in the ranking was held by Germany ($X), with an 8.6% share of total imports. It was followed by the United States, with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.5% per year) and the United States (-4.7% per year).

Import Prices by Country

The average import price for special-purpose electric lamps and lighting fittings stood at $X per unit in 2022, dropping by -3.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 an increase of 7.9%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Poland ($X per unit) and China ($X per unit), while the price for Hungary ($X per unit) and Malaysia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :