Southern Asia: Market for Residential, Commercial and Industrial Lighting Fixture 2024

Market Size for Residential, Commercial and Industrial Lighting Fixture in Southern Asia

In 2021, the South Asian market for residential, commercial and industrial lighting fixture decreased by -0.3% to $X, falling for the second year in a row after three years of growth. The market value increased at an average annual rate of +4.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the peak level at $X in 2019; afterwards, it flattened through to 2021.

Production of Residential, Commercial and Industrial Lighting Fixture in Southern Asia

In value terms, production of residential, commercial and industrial lighting fixture fell modestly to $X in 2021 estimated in export price. The total production indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +55.5% against 2016 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 30%. Over the period under review, production of hit record highs at $X in 2020, and then shrank in the following year.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports in Southern Asia

In 2021, after four years of decline, there was significant growth in shipments abroad of residential, commercial and industrial lighting fixture, when their volume increased by 58% to X units. Overall, exports showed a relatively flat trend pattern. The volume of export peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, exports of residential, commercial and industrial lighting fixture surged to $X in 2021. Total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

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

India experienced a relatively flat trend pattern with regard to volume of exports of residential, commercial and industrial lighting fixture. At the same time, Pakistan (+51.3%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of +51.3% from 2012-2021. Pakistan (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by -3.3% from 2012 to 2021, respectively.

In value terms, India ($X) remains the largest residential, commercial and industrial lighting fixture supplier in Southern Asia, comprising 97% of total exports. The second position in the ranking was taken by Pakistan ($X), with a 2.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in India amounted to +5.3%.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per unit, picking up by 8.9% against the previous year. Export price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +5.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for residential, commercial and industrial lighting fixture increased by +75.3% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 38%. Over the period under review, the export prices hit record highs in 2021 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Pakistan ($X per unit), while India totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+6.1%).

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports in Southern Asia

In 2021, supplies from abroad of residential, commercial and industrial lighting fixture increased by 31% to X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 114% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of residential, commercial and industrial lighting fixture surged to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 57% against the previous year. Over the period under review, imports of reached the maximum at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

Sri Lanka (X units) and India (X units) were the largest importers of residential, commercial and industrial lighting fixture in 2021, finishing at approx. 31% and 31% of total imports, respectively. Bangladesh (X units) ranks next in terms of the total imports with a 15% share, followed by Pakistan (15%). The following importers - Maldives (X units), Bhutan (X units) and Nepal (X units) - together made up 6.3% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Bhutan (with a CAGR of +67.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, India ($X) constitutes the largest market for imported residential, commercial and industrial lighting fixture in Southern Asia, comprising 44% of total imports. The second position in the ranking was taken by Pakistan ($X), with a 22% share of total imports. It was followed by Bangladesh, with a 15% share.

In India, imports of residential, commercial and industrial lighting fixture contracted by an average annual rate of -6.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (+16.4% per year) and Bangladesh (+19.8% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per unit in 2021, surging by 2.3% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the import price increased by 82% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Pakistan ($X per unit), while Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bangladesh (+10.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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