Vietnam: Market for Special-Purpose Electric Lamps and Lighting Fittings 2025

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

The Vietnamese market for special-purpose electric lamps and lighting fittings expanded remarkably to $X in 2022, increasing by 11% against the previous year. Overall, consumption showed a buoyant expansion. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, production of special-purpose electric lamps and lighting fittings surged to $X in 2022 estimated in export price. Overall, production recorded prominent growth. The growth pace was the most rapid in 2020 with an increase of 120% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth failed to regain momentum.

Exports of Special-Purpose Electric Lamps and Lighting Fittings

Exports from Vietnam

In 2022, exports of special-purpose electric lamps and lighting fittings from Vietnam soared to X units, growing by 39% compared with the year before. Over the period under review, exports saw resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by 129%. As a result, the exports reached the peak of X units. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of special-purpose electric lamps and lighting fittings skyrocketed to $X in 2022. In general, exports posted strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 127%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for exports of special-purpose electric lamps and lighting fittings from Vietnam, with a 68% 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, Mexico (X units), sevenfold. The third position in this ranking was held by China (X units), with a 4.3% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +23.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+49.6% per year) and China (-7.4% per year).

In value terms, the United States ($X) remains the key foreign market for special-purpose electric lamps and lighting fittings exports from Vietnam, comprising 68% of total exports. The second position in the ranking was taken by Mexico ($X), with a 9.9% share of total exports. It was followed by China, with a 4.3% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +30.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+56.6% per year) and China (-2.4% per year).

Export Prices by Country

In 2022, the average export price for special-purpose electric lamps and lighting fittings amounted to $X per unit, picking up by 7.8% against the previous year. In general, the export price continues to indicate prominent growth. The pace of growth was the most pronounced in 2017 when the average export price increased by 76% against the previous year. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Slovakia ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+23.9%), 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 Vietnam

Imports of special-purpose electric lamps and lighting fittings into Vietnam shrank modestly to X units in 2022, with a decrease of -4.9% against the previous year's figure. Overall, imports, however, showed resilient growth. The most prominent rate of growth was recorded in 2014 with an increase of 151% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of special-purpose electric lamps and lighting fittings contracted to $X in 2022. Over the period under review, imports, however, saw a buoyant increase. The growth pace was the most rapid in 2014 with an increase of 185% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports of failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of special-purpose electric lamp and lighting fitting to Vietnam, with a 68% share of total imports. Moreover, imports of special-purpose electric lamps and lighting fittings from China exceeded the figures recorded by the second-largest supplier, Japan (X units), sixfold. South Korea (X units) ranked third in terms of total imports with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +17.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+26.5% per year) and South Korea (+9.5% per year).

In value terms, China ($X) constituted the largest supplier of special-purpose electric lamps and lighting fittings to Vietnam, comprising 68% of total imports. The second position in the ranking was taken by Japan ($X), with an 11% share of total imports. It was followed by South Korea, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +24.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+34.9% per year) and South Korea (+16.3% per year).

Import Prices by Country

The average import price for special-purpose electric lamps and lighting fittings stood at $X per unit in 2022, waning by -2.3% against the previous year. In general, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for special-purpose electric lamps and lighting fittings increased by +11.4% against 2019 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 19% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per unit) and Thailand ($X per unit), while the price for Malaysia ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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