South-Eastern Asia: Bicycle Lighting Market 2025

Bicycle Lighting Market Size in South-Eastern Asia

The Southeast Asian bicycle lighting market surged to $X in 2021, picking up by 32% against the previous year. Over the period under review, consumption enjoyed a prominent expansion. The level of consumption peaked in 2021 and is likely to continue growth in years to come.

Bicycle Lighting Production in South-Eastern Asia

In value terms, bicycle lighting production shrank modestly to $X in 2021 estimated in export price. In general, production faced a precipitous setback. The pace of growth was the most pronounced in 2018 when the production volume increased by 27% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Bicycle Lighting Exports

Exports in South-Eastern Asia

Bicycle lighting exports surged to X units in 2021, growing by 80% compared with the previous year's figure. Overall, exports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2019 when exports increased by 107% against the previous year. The volume of export peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, bicycle lighting exports surged to $X in 2021. Over the period under review, exports recorded perceptible growth. The growth pace was the most rapid in 2019 when exports increased by 74% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Singapore (X units) was the largest exporter of electrical or battery operated lighting or visual signalling for bicycles, comprising 45% of total exports. Malaysia (X units) held the second position in the ranking, followed by Thailand (X units) and the Philippines (X units). All these countries together took near 53% share of total exports. Indonesia (X units) took a minor share of total exports.

Exports from Singapore increased at an average annual rate of +9.0% from 2012 to 2021. At the same time, the Philippines (+31.0%), Malaysia (+13.7%) and Indonesia (+5.4%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +31.0% from 2012-2021. By contrast, Thailand (-22.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Singapore, Malaysia and the Philippines increased by +35, +18 and +14 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) emerged as the largest bicycle lighting supplier in South-Eastern Asia, comprising 51% of total exports. The second position in the ranking was held by Malaysia ($X), with a 20% share of total exports. It was followed by Singapore, with a 19% share.

In Thailand, bicycle lighting exports remained relatively stable over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Malaysia (+16.2% per year) and Singapore (+5.6% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2021, shrinking by -6.3% against the previous year. In general, the export price, however, continues to indicate buoyant growth. The growth pace was the most rapid in 2017 when the export price increased by 114%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the export prices remained at a somewhat lower figure.

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 2021, the most notable rate of growth in terms of prices was attained by Thailand (+30.1%), while the other leaders experienced more modest paces of growth.

Bicycle Lighting Imports

Imports in South-Eastern Asia

Bicycle lighting imports skyrocketed to X units in 2021, jumping by 25% compared with the previous year's figure. Over the period under review, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2020 when imports increased by 91%. The volume of import peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, bicycle lighting imports soared to $X in 2021. Total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +10.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +110.4% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Indonesia represented the key importer of electrical or battery operated lighting or visual signalling for bicycles in South-Eastern Asia, with the volume of imports reaching X units, which was approx. 48% of total imports in 2021. Vietnam (X units) took the second position in the ranking, distantly followed by Thailand (X units), Singapore (X units) and Malaysia (X units). All these countries together held approx. 47% share of total imports. Cambodia (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +35.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) constitutes the largest market for imported electrical or battery operated lighting or visual signalling for bicycles in South-Eastern Asia, comprising 44% of total imports. The second position in the ranking was held by Singapore ($X), with an 18% share of total imports. It was followed by Thailand, with an 11% share.

In Vietnam, bicycle lighting imports expanded at an average annual rate of +26.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Singapore (+18.2% per year) and Thailand (+5.1% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per unit, growing by 31% against the previous year. In general, the import price, however, recorded a pronounced descent. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Singapore ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cambodia (+3.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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