South-Eastern Asia: Market for Residential, Commercial and Industrial Lighting Fixture 2024

Market Size for Residential, Commercial and Industrial Lighting Fixture in South-Eastern Asia

The Southeast Asian market for residential, commercial and industrial lighting fixture shrank modestly to $X in 2021, approximately equating the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the market value increased by 7%. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Residential, Commercial and Industrial Lighting Fixture in South-Eastern Asia

In value terms, production of residential, commercial and industrial lighting fixture dropped to $X in 2021 estimated in export price. In general, production recorded a mild decline. The pace of growth appeared the most rapid in 2019 when the production volume increased by 22% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports in South-Eastern Asia

In 2021, overseas shipments of residential, commercial and industrial lighting fixture increased by 55% to X units, rising for the second year in a row after two years of decline. Overall, exports, however, recorded a noticeable contraction. Over the period under review, the exports of reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of residential, commercial and industrial lighting fixture soared to $X in 2021. Total exports indicated a notable increase from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +98.0% against 2016 indices. The pace of growth appeared the most rapid in 2020 when exports increased by 40%. Over the period under review, the exports of reached the maximum in 2021 and are expected to retain growth in years to come.

Exports by Country

The biggest shipments were from Thailand (X units), Malaysia (X units) and Vietnam (X units), together amounting to 80% of total export. Indonesia (X units) held the next position in the ranking, followed by Cambodia (X units). All these countries together held near 15% share of total exports. The Philippines (X units) held a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Cambodia (with a CAGR of +77.2%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Malaysia ($X) and Thailand ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 74% share of total exports. These countries were followed by the Philippines, Cambodia and Indonesia, which together accounted for a further 24%.

In terms of the main exporting countries, Cambodia, with a CAGR of +74.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per unit, declining by -23.8% against the previous year. Over the period under review, the export price, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the export price increased by 41%. Over the period under review, the export prices reached the maximum at $X per unit in 2020, and then contracted notably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+19.7%), while the other leaders experienced more modest paces of growth.

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports in South-Eastern Asia

In 2021, after three years of decline, there was significant growth in overseas purchases of residential, commercial and industrial lighting fixture, when their volume increased by 16% to X units. Total imports indicated a mild increase from 2012 to 2021: its volume increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 20% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, imports of residential, commercial and industrial lighting fixture stood at $X in 2021. Total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 when imports increased by 14%. The level of import peaked in 2021 and is likely to see gradual growth in the immediate term.

Imports by Country

Thailand (X units) and Malaysia (X units) represented roughly 53% of total imports in 2021. Indonesia (X units) ranks next in terms of the total imports with an 11% share, followed by Vietnam (10%), the Philippines (8.4%), Singapore (6.7%) and Myanmar (5.6%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Vietnam (with a CAGR of +18.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest residential, commercial and industrial lighting fixture importing markets in South-Eastern Asia were Thailand ($X), Vietnam ($X) and the Philippines ($X), with a combined 62% share of total imports.

Among the main importing countries, Vietnam, with a CAGR of +24.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per unit, with a decrease of -2.1% against the previous year. Import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, import price for residential, commercial and industrial lighting fixture decreased by -3.7% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 62% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the import prices remained at a somewhat 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 the Philippines ($X per unit), while Myanmar ($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 (+20.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :