South-Eastern Asia: Market for Ballasts For Discharge Lamps Or Tubes 2025

Market Size for Ballasts For Discharge Lamps Or Tubes in South-Eastern Asia

The Southeast Asian ballast for discharge lamp market shrank rapidly to $X in 2022, which is down by -30.7% against the previous year. Overall, consumption showed a drastic downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Ballasts For Discharge Lamps Or Tubes in South-Eastern Asia

In value terms, ballast for discharge lamp production dropped to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by 16% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Ballasts For Discharge Lamps Or Tubes

Exports in South-Eastern Asia

In 2022, shipments abroad of ballasts for discharge lamps or tubes increased by 2.9% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 11%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, ballast for discharge lamp exports fell slightly to $X in 2022. In general, exports, however, faced a deep contraction. The most prominent rate of growth was recorded in 2018 when exports increased by 55% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand (X units), Vietnam (X units) and Singapore (X units) represented roughly 93% of total exports in 2022. It was distantly followed by Indonesia (X units), comprising a 6.7% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Vietnam (with a CAGR of -7.0%), while the other leaders experienced a decline in the exports figures.

In value terms, Thailand ($X) remains the largest ballast for discharge lamp supplier in South-Eastern Asia, comprising 66% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 14% share of total exports. It was followed by Singapore, with a 12% share.

From 2012 to 2022, the average annual growth rate of value in Thailand totaled -9.6%. In the other countries, the average annual rates were as follows: Vietnam (-13.3% per year) and Singapore (-18.1% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, falling by -5.7% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 39% against the previous year. The level of export peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.6%), while the other leaders experienced a decline in the export price figures.

Imports of Ballasts For Discharge Lamps Or Tubes

Imports in South-Eastern Asia

Ballast for discharge lamp imports dropped rapidly to X units in 2022, reducing by -63.4% compared with the previous year's figure. In general, imports saw a deep setback. The growth pace was the most rapid in 2021 with an increase of 366%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, ballast for discharge lamp imports shrank markedly to $X in 2022. Overall, imports continue to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 1,022% against the previous year. As a result, imports attained the peak of $X, and then shrank sharply in the following year.

Imports by Country

The Philippines was the major importing country with an import of about X units, which reached 51% of total imports. Malaysia (X units) held the second position in the ranking, distantly followed by Singapore (X units) and Thailand (X units). All these countries together took approx. 42% share of total imports. Vietnam (X units) and Indonesia (X units) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +21.5%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the Philippines ($X) constitutes the largest market for imported ballasts for discharge lamps or tubes in South-Eastern Asia, comprising 74% of total imports. The second position in the ranking was taken by Singapore ($X), with a 9% share of total imports. It was followed by Malaysia, with a 5.6% share.

In the Philippines, ballast for discharge lamp imports expanded at an average annual rate of +24.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (-11.6% per year) and Malaysia (-15.6% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, reducing by -13.5% against the previous year. Over the period under review, the import price, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 an increase of 141% against the previous year. As a result, import price reached the peak level of $X per unit, and then reduced in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per unit), while Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+6.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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