Southern Asia: Non-Electrical Lamp Market 2024

Non-Electrical Lamp Market Size in Southern Asia

In 2021, the South Asian non-electrical lamp market decreased by -8.9% to $X for the first time since 2016, thus ending a four-year rising trend. The total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +85.3% against 2012 indices. The level of consumption peaked at $X in 2020, and then reduced in the following year.

Non-Electrical Lamp Production in Southern Asia

In value terms, non-electrical lamp production shrank to $X in 2021 estimated in export price. In general, production, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 31%. The level of production peaked at $X in 2020, and then fell in the following year.

Non-Electrical Lamp Exports

Exports in Southern Asia

In 2021, approx. X units of non-electrical lamps and lighting fittings were exported in Southern Asia; increasing by 50% compared with 2020 figures. Total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +9.1% 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 +127.1% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-electrical lamp exports surged to $X in 2021. Overall, exports continue to indicate a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

India dominates exports structure, recording X units, which was approx. 96% of total exports in 2021. Sri Lanka (X units) held a little share of total exports.

Exports from India increased at an average annual rate of +9.5% from 2012 to 2021. At the same time, Sri Lanka (+18.0%) displayed positive paces of growth. Moreover, Sri Lanka emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +18.0% from 2012-2021. While the share of India (+2.7 p.p.) and Sri Lanka (+1.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest non-electrical lamp supplier in Southern Asia, comprising 98% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 2.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value in India stood at +11.7%.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2021, growing by 12% against the previous year. Export price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, non-electrical lamp export price increased by +115.8% against 2016 indices. The growth pace was the most rapid in 2017 an increase of 63% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was India ($X per unit), while Sri Lanka amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+5.9%).

Non-Electrical Lamp Imports

Imports in Southern Asia

After two years of decline, overseas purchases of non-electrical lamps and lighting fittings increased by 3.9% to X units in 2021. Over the period under review, imports recorded a mild expansion. The most prominent rate of growth was recorded in 2016 with an increase of 63% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, non-electrical lamp imports rose remarkably to $X in 2021. Overall, imports continue to indicate a notable increase. The pace of growth was the most pronounced in 2013 with an increase of 67% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

India prevails in imports structure, accounting for X units, which was near 83% of total imports in 2021. Bangladesh (X units) ranks second in terms of the total imports with an 8.3% share, followed by Sri Lanka (6%).

India experienced a relatively flat trend pattern with regard to volume of imports of non-electrical lamps and lighting fittings. At the same time, Bangladesh (+44.0%) and Sri Lanka (+3.2%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +44.0% from 2012-2021. While the share of Bangladesh (+7.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of India (-4.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported non-electrical lamps and lighting fittings in Southern Asia, comprising 88% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a 5.2% share of total imports.

From 2012 to 2021, the average annual growth rate of value in India totaled +2.8%. The remaining importing countries recorded the following average annual rates of imports growth: Sri Lanka (+9.9% per year) and Bangladesh (+45.5% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per unit, surging by 5.3% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The pace of growth appeared the most rapid in 2020 when the import price increased by 8.6% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2021, import prices stood 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 India ($X per unit), while Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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