South-Eastern Asia: Fluorescent Discharge Lamps Market 2024

Fluorescent Discharge Lamps Market Size in South-Eastern Asia

In 2021, the Southeast Asian fluorescent discharge lamps market decreased by -6.9% to $X, falling for the eighth consecutive year after two years of growth. Overall, consumption continues to indicate a deep slump. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Fluorescent Discharge Lamps Production in South-Eastern Asia

In value terms, fluorescent discharge lamps production rose rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt setback. The pace of growth was the most pronounced in 2019 when the production volume increased by 22% against the previous year. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Fluorescent Discharge Lamps Exports

Exports in South-Eastern Asia

In 2021, shipments abroad of fluorescent discharge lamps increased by 24% to X units, rising for the second year in a row after seven years of decline. In general, exports, however, continue to indicate a abrupt downturn. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, fluorescent discharge lamps exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of 52% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Thailand (X units), Vietnam (X units) and the Philippines (X units) represented roughly 90% of total exports in 2021. It was distantly followed by Singapore (X units), constituting an 8.1% share of total exports.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +73.0%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the Philippines ($X) remains the largest fluorescent discharge lamps supplier in South-Eastern Asia, comprising 58% of total exports. The second position in the ranking was taken by Singapore ($X), with a 16% share of total exports. It was followed by Thailand, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the Philippines amounted to +79.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (-6.0% per year) and Thailand (-21.1% per year).

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per unit, growing by 17% against the previous year. In general, the export price enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2019 when the export price increased by 58%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+8.6%), while the other leaders experienced more modest paces of growth.

Fluorescent Discharge Lamps Imports

Imports in South-Eastern Asia

In 2021, approx. X units of fluorescent discharge lamps were imported in South-Eastern Asia; shrinking by -16.3% compared with 2020. Overall, imports recorded a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 0.1%. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, fluorescent discharge lamps imports dropped to $X in 2021. In general, imports recorded a abrupt slump. The smallest decline of -3.5% was in 2017. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Indonesia (X units) and Thailand (X units) were the largest importers of fluorescent discharge lamps in 2021, accounting for approx. 33% and 24% of total imports, respectively. Malaysia (X units) ranks next in terms of the total imports with a 14% share, followed by Singapore (11%) and the Philippines (6.1%). Vietnam (X units) and Cambodia (X units) took a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for Cambodia (with a CAGR of -2.3%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Indonesia ($X) constitutes the largest market for imported fluorescent discharge lamps in South-Eastern Asia, comprising 34% of total imports. The second position in the ranking was held by Thailand ($X), with a 17% share of total imports. It was followed by Malaysia, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Indonesia totaled -15.5%. The remaining importing countries recorded the following average annual rates of imports growth: Thailand (-15.1% per year) and Malaysia (-11.9% per year).

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per unit, increasing by 7.9% against the previous year. Overall, the import price, however, continues to indicate a slight decrease. Over the period under review, import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+14.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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