Southern Asia: Market for Lighting Sets For Christmas Trees 2024

Market Size for Lighting Sets For Christmas Trees in Southern Asia

The South Asian market for lighting sets for christmas trees surged to $X in 2022, jumping by 129% against the previous year. Over the period under review, consumption saw a notable increase. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Production of Lighting Sets For Christmas Trees in Southern Asia

In value terms, lighting set for christmas trees production declined to $X in 2022 estimated in export price. Over the period under review, production recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when the production volume increased by 13% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Lighting Sets For Christmas Trees

Exports in Southern Asia

In 2022, overseas shipments of lighting sets for christmas trees were finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2016 when exports increased by 266% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, lighting set for christmas trees exports skyrocketed to $X in 2022. Over the period under review, exports, however, continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2018 with an increase of 131%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

India prevails in exports structure, resulting at X units, which was near 90% of total exports in 2022. It was distantly followed by Sri Lanka (X units), making up a 9.4% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to lighting set for christmas trees exports from India stood at -9.4%. At the same time, Sri Lanka (+4.7%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +4.7% from 2012-2022. From 2012 to 2022, the share of Sri Lanka increased by +7 percentage points.

In value terms, India ($X) remains the largest lighting set for christmas trees supplier in Southern Asia, comprising 80% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 20% share of total exports.

In India, lighting set for christmas trees exports declined by an average annual rate of -6.2% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per unit, picking up by 20% against the previous year. Export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lighting set for christmas trees export price increased by +32.2% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of 95%. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 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 Sri Lanka ($X per unit), while India totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+15.9%).

Imports of Lighting Sets For Christmas Trees

Imports in Southern Asia

In 2022, the amount of lighting sets for christmas trees imported in Southern Asia skyrocketed to X units, picking up by 117% against the previous year's figure. Overall, imports posted a notable increase. The volume of import peaked at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, lighting set for christmas trees imports skyrocketed to $X in 2022. Over the period under review, imports showed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

India represented the largest importing country with an import of about X units, which resulted at 79% of total imports. It was distantly followed by Pakistan (X units), committing an 18% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to lighting set for christmas trees imports into India stood at +1.3%. At the same time, Pakistan (+22.4%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +22.4% from 2012-2022. While the share of Pakistan (+15 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of India (-9.7 p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported lighting sets for christmas trees in Southern Asia, comprising 81% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 17% share of total imports.

In India, lighting set for christmas trees imports increased at an average annual rate of +5.9% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, picking up by 7.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.4%. The pace of growth was the most pronounced in 2013 an increase of 24% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

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 Pakistan stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.5%).

Source: IndexBox Platform

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