South-Eastern Asia: Portable Electric Lamp Market 2024

Portable Electric Lamp Market Size in South-Eastern Asia

The Southeast Asian portable electric lamp market declined to $X in 2022, which is down by -13.2% against the previous year. Overall, consumption recorded a drastic downturn. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Portable Electric Lamp Production in South-Eastern Asia

In value terms, portable electric lamp production shrank to $X in 2022 estimated in export price. Overall, production saw a slight downturn. The pace of growth was the most pronounced in 2018 with an increase of 100% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Portable Electric Lamp Exports

Exports in South-Eastern Asia

For the third year in a row, South-Eastern Asia recorded growth in overseas shipments of portable electric lamps, which increased by 15% to X units in 2022. Overall, exports recorded a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 34%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, portable electric lamp exports surged to $X in 2022. Over the period under review, exports recorded a strong increase. The most prominent rate of growth was recorded in 2017 when exports increased by 31%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

The biggest shipments were from the Philippines (X units), Indonesia (X units), Malaysia (X units) and Singapore (X units), together amounting to 93% of total export. The following exporters - Vietnam (X units) and Thailand (X units) - together made up 6.8% of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +50.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest portable electric lamp supplying countries in South-Eastern Asia were the Philippines ($X), Malaysia ($X) and Indonesia ($X), together accounting for 79% of total exports.

The Philippines, with a CAGR of +45.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in South-Eastern Asia amounted to $X per unit, surging by 13% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 39%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices remained at a 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 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+16.6%), while the other leaders experienced more modest paces of growth.

Portable Electric Lamp Imports

Imports in South-Eastern Asia

In 2022, overseas purchases of portable electric lamps increased by 1.3% to X units, rising for the third year in a row after three years of decline. In general, imports, however, recorded a pronounced decline. The growth pace was the most rapid in 2016 when imports increased by 33%. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, portable electric lamp imports skyrocketed to $X in 2022. The total import value increased at an average annual rate of +3.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of 36% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Indonesia (X units) was the key importer of portable electric lamps, committing 65% of total imports. It was distantly followed by Thailand (X units), generating an 18% share of total imports. The following importers - Singapore (X units), Vietnam (X units), Malaysia (X units), Cambodia (X units) and the Philippines (X units) - together made up 14% of total imports.

Imports into Indonesia decreased at an average annual rate of -1.9% from 2012 to 2022. At the same time, Cambodia (+24.5%) and Vietnam (+7.2%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of +24.5% from 2012-2022. By contrast, Malaysia (-3.2%), Singapore (-4.4%), Thailand (-7.3%) and the Philippines (-24.5%) illustrated a downward trend over the same period. While the share of Indonesia (+15 p.p.), Vietnam (+2.3 p.p.) and Cambodia (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Thailand (-6.4 p.p.) and the Philippines (-15.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X), Singapore ($X) and Thailand ($X) were the countries with the highest levels of imports in 2022, together accounting for 65% of total imports. Vietnam, Malaysia, the Philippines and Cambodia lagged somewhat behind, together comprising a further 29%.

Cambodia, with a CAGR of +15.7%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, jumping by 17% against the previous year. Overall, the import price enjoyed a strong increase. The growth pace was the most rapid in 2018 an increase of 57% against the previous year. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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 Singapore ($X per unit), while Cambodia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+38.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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