Vietnam: Fluorescent Discharge Lamps Market 2024

Fluorescent Discharge Lamps Market Size in Vietnam

The Vietnamese fluorescent discharge lamps market dropped to $X in 2021, with a decrease of -7.3% against the previous year. In general, consumption continues to indicate a abrupt contraction. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Fluorescent Discharge Lamps Production in Vietnam

In value terms, fluorescent discharge lamps production shrank slightly to $X in 2021 estimated in export price. Overall, production showed a deep setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by 14%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Fluorescent Discharge Lamps Exports

Exports from Vietnam

In 2021, shipments abroad of fluorescent discharge lamps increased by 15% to X units, rising for the second consecutive year after four years of decline. Overall, exports, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 270% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, fluorescent discharge lamps exports expanded rapidly to $X in 2021. Over the period under review, exports continue to indicate a noticeable expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 282% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Myanmar (X units) was the main destination for fluorescent discharge lamps exports from Vietnam, accounting for a 72% share of total exports. Moreover, fluorescent discharge lamps exports to Myanmar exceeded the volume sent to the second major destination, Cambodia (X units), fourfold. The third position in this ranking was taken by Mozambique (X units), with a 4.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Myanmar amounted to +76.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (+24.8% per year) and Mozambique (+129.2% per year).

In value terms, the largest markets for fluorescent discharge lamps exported from Vietnam were Cambodia ($X), Myanmar ($X) and Mozambique ($X), together comprising 70% of total exports.

Among the main countries of destination, Mozambique, with a CAGR of +106.4%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average fluorescent discharge lamps export price stood at $X per unit in 2021, reducing by -8.2% against the previous year. In general, the export price, however, recorded pronounced growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 82% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Cambodia ($X per unit), while the average price for exports to Myanmar ($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 Germany (+43.2%), while the prices for the other major destinations experienced more modest paces of growth.

Fluorescent Discharge Lamps Imports

Imports into Vietnam

In 2021, fluorescent discharge lamps imports into Vietnam reached X units, surging by 2.8% against 2020 figures. Over the period under review, imports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2015 when imports increased by 42% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, fluorescent discharge lamps imports shrank to $X in 2021. In general, imports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2015 when imports increased by 46%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), India (X units) and South Korea (X units) were the main suppliers of fluorescent discharge lamps imports to Vietnam, with a combined 88% share of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +122.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of fluorescent discharge lamps to Vietnam, comprising 71% of total imports. The second position in the ranking was held by Japan ($X), with a 7.6% share of total imports. It was followed by South Korea, with a 5.5% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+9.3% per year) and South Korea (-18.6% per year).

Import Prices by Country

The average fluorescent discharge lamps import price stood at $X per unit in 2021, declining by -12.1% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 30% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was China ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :