Southern Asia: Market for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles 2024

Market Size for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in Southern Asia

The South Asian market for electrical lighting or visual signaling equipment for motor vehicles and cycles was estimated at $X in 2022, standing approx. at the previous year. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2012 indices. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.

Production of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in Southern Asia

In value terms, lighting equipment for motor vehicles production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% 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 2017 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Exports in Southern Asia

Lighting equipment for motor vehicles exports contracted remarkably to X units in 2022, waning by X% on 2021. In general, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then declined rapidly in the following year.

In value terms, lighting equipment for motor vehicles exports expanded significantly to $X in 2022. Overall, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in years to come.

Exports by Country

The biggest shipments were from India (X units), together resulting at X% of total export.

India was also the fastest-growing in terms of the electrical lighting or visual signaling equipment for motor vehicles and cycles exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest lighting equipment for motor vehicles supplier in Southern Asia.

In India, lighting equipment for motor vehicles exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, with an increase of X% against the previous year. Export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lighting equipment for motor vehicles export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to X% per year.

Imports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Imports in Southern Asia

Lighting equipment for motor vehicles imports contracted slightly to X units in 2022, almost unchanged from the previous year. Overall, imports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of X units, leveling off in the following year.

In value terms, lighting equipment for motor vehicles imports shrank slightly to $X in 2022. In general, imports, however, saw a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

India prevails in imports structure, finishing at X units, which was near X% of total imports in 2022. It was distantly followed by Bangladesh (X units), mixing up a X% share of total imports.

India was also the fastest-growing in terms of the electrical lighting or visual signaling equipment for motor vehicles and cycles imports, with a CAGR of X% from 2012 to 2022. At the same time, Bangladesh (X%) displayed positive paces of growth. India (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported electrical lighting or visual signaling equipment for motor vehicles and cycles in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Bangladesh ($X), with a X% share of total imports.

In India, lighting equipment for motor vehicles imports increased at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2022, standing approx. at the previous year. Overall, the import price saw a deep contraction. The pace of growth appeared the most rapid in 2013 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices remained at a lower figure.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was India ($X per unit), while Bangladesh totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (X%).

Source: IndexBox Platform

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