Thailand: Market for Special-Purpose Electric Lamps and Lighting Fittings 2024

Market Size for Special-Purpose Electric Lamps and Lighting Fittings in Thailand

The Thai market for special-purpose electric lamps and lighting fittings skyrocketed to $X in 2022, growing by 19% against the previous year. In general, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.7% 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 +56.3% against 2020 indices. Consumption of peaked in 2022 and is expected to retain growth in the immediate term.

Production of Special-Purpose Electric Lamps and Lighting Fittings in Thailand

In value terms, production of special-purpose electric lamps and lighting fittings contracted notably to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by 85% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production of growth failed to regain momentum.

Exports of Special-Purpose Electric Lamps and Lighting Fittings

Exports from Thailand

In 2021, the amount of special-purpose electric lamps and lighting fittings exported from Thailand surged to X units, growing by 152% against 2020. Over the period under review, exports recorded resilient growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of special-purpose electric lamps and lighting fittings skyrocketed to $X in 2021. Overall, exports recorded resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for exports of special-purpose electric lamps and lighting fittings from Thailand, accounting for a 77% share of total exports. Moreover, exports of special-purpose electric lamps and lighting fittings to the United States exceeded the volume sent to the second major destination, Japan (X units), more than tenfold. Germany (X units) ranked third in terms of total exports with a 2.1% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +39.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+55.0% per year) and Germany (+7.4% per year).

In value terms, the United States ($X) remains the key foreign market for special-purpose electric lamps and lighting fittings exports from Thailand, comprising 71% of total exports. The second position in the ranking was taken by Japan ($X), with a 5.9% share of total exports. It was followed by Australia, with a 1.7% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +39.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+50.0% per year) and Australia (-4.3% per year).

Export Prices by Country

The average export price for special-purpose electric lamps and lighting fittings stood at $X per unit in 2021, declining by -16.9% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by 21% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Lao People's Democratic Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to India (+13.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Special-Purpose Electric Lamps and Lighting Fittings

Imports into Thailand

For the fourth consecutive year, Thailand recorded growth in purchases abroad of special-purpose electric lamps and lighting fittings, which increased by 14% to X units in 2022. In general, imports enjoyed resilient growth. The most prominent rate of growth was recorded in 2019 with an increase of 35%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of special-purpose electric lamps and lighting fittings surged to $X in 2022. Overall, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of 36%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) was the main special-purpose electric lamp and lighting fitting supplier to Thailand, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +15.0%.

In value terms, China ($X) constituted the largest supplier of special-purpose electric lamps and lighting fittings to Thailand.

From 2012 to 2022, the average annual growth rate of value from China stood at +15.1%.

Import Prices by Country

In 2022, the average import price for special-purpose electric lamps and lighting fittings amounted to $X per unit, picking up by 2.2% against the previous year. In general, the import price, however, continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2018 an increase of 32% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +0.1% per year.

Source: IndexBox Platform

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