Singapore: Tungsten Halogen Lamp Market 2024

Tungsten Halogen Lamp Market Size in Singapore

In 2021, the Singaporean tungsten halogen lamp market was finally on the rise to reach $X after two years of decline. Overall, consumption, however, continues to indicate a pronounced decrease. Tungsten halogen lamp consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Tungsten Halogen Lamp Production in Singapore

In value terms, tungsten halogen lamp production rose to $X in 2021 estimated in export price. Over the period under review, the total production indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -28.0% against 2018 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 47% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Tungsten Halogen Lamp Exports

Exports from Singapore

In 2021, exports of tungsten halogen lamps from Singapore dropped to X units, which is down by -11.2% on 2020. Overall, exports saw a pronounced decrease. The pace of growth was the most pronounced in 2020 when exports increased by 59%. Over the period under review, the exports hit record highs at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, tungsten halogen lamp exports shrank rapidly to $X in 2021. Over the period under review, exports continue to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2020 with an increase of 63% against the previous year. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

China (X units), Indonesia (X units) and Malaysia (X units) were the main destinations of tungsten halogen lamp exports from Singapore, with a combined 44% share of total exports.

From 2012 to 2020, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +57.8%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) emerged as the key foreign market for tungsten halogen lamps exports from Singapore, comprising 42% of total exports. The second position in the ranking was held by Malaysia ($X), with a 12% share of total exports. It was followed by Indonesia, with a 3.2% share.

From 2012 to 2020, the average annual rate of growth in terms of value to China amounted to +57.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+12.8% per year) and Indonesia (-22.8% per year).

Export Prices by Country

The average tungsten halogen lamp export price stood at $X per unit in 2020, rising by 2.6% against the previous year. Over the last eight years, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2017 an increase of 19%. The export price peaked at $X per unit in 2018; afterwards, it flattened through to 2020.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to India (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.

Tungsten Halogen Lamp Imports

Imports into Singapore

In 2021, purchases abroad of tungsten halogen lamps was finally on the rise to reach X units for the first time since 2016, thus ending a four-year declining trend. Overall, imports, however, recorded a abrupt slump. Imports peaked at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, tungsten halogen lamp imports surged to $X in 2021. Over the period under review, imports, however, saw a deep downturn. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and the United States (X units) were the main suppliers of tungsten halogen lamp imports to Singapore, together accounting for 51% of total imports.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +28.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of tungsten halogen lamps to Singapore, comprising 38% of total imports. The second position in the ranking was held by Germany ($X), with an 18% share of total imports. It was followed by the United States, with a 15% share.

From 2012 to 2020, the average annual rate of growth in terms of value from Japan amounted to +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-3.5% per year) and the United States (+8.1% per year).

Import Prices by Country

The average tungsten halogen lamp import price stood at $X per unit in 2020, picking up by 12% against the previous year. Over the last eight years, it increased at an average annual rate of +4.6%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 14%. Over the period under review, average import prices attained the peak figure in 2020 and is likely to see steady growth in the immediate term.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia (+26.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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