Vietnam: Tungsten Halogen Lamp Market 2024

Tungsten Halogen Lamp Market Size in Vietnam

The Vietnamese tungsten halogen lamp market skyrocketed to $X in 2021, rising by 21% against the previous year. Over the period under review, consumption enjoyed a prominent increase. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Tungsten Halogen Lamp Production in Vietnam

In value terms, tungsten halogen lamp production soared to $X in 2021 estimated in export price. Overall, production posted resilient growth. The pace of growth was the most pronounced in 2014 with an increase of 68% against the previous year. Tungsten halogen lamp production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Tungsten Halogen Lamp Exports

Exports from Vietnam

After two years of decline, shipments abroad of tungsten halogen lamps increased by 23% to X units in 2021. Over the period under review, total exports indicated a buoyant increase from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 104%. As a result, the exports reached the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, tungsten halogen lamp exports declined slightly to $X in 2021. Overall, exports enjoyed prominent growth. The pace of growth was the most pronounced in 2013 when exports increased by 88% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X units) was the main destination for tungsten halogen lamp exports from Vietnam, accounting for a 68% share of total exports. Moreover, tungsten halogen lamp exports to Japan exceeded the volume sent to the second major destination, Indonesia (X units), sixfold. The United States (X units) ranked third in terms of total exports with a 9.4% share.

From 2012 to 2020, the average annual growth rate of volume to Japan stood at +56.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+41.5% per year) and the United States (+42.3% per year).

In value terms, Japan ($X) remains the key foreign market for tungsten halogen lamps exports from Vietnam, comprising 67% of total exports. The second position in the ranking was taken by Indonesia ($X), with an 11% share of total exports. It was followed by the United States, with a 9.2% share.

From 2012 to 2020, the average annual growth rate of value to Japan totaled +51.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+36.6% per year) and the United States (+49.0% per year).

Export Prices by Country

In 2020, the average tungsten halogen lamp export price amounted to $X per unit, with an increase of 1.6% against the previous year. Overall, the export price enjoyed a prominent increase. The pace of growth was the most pronounced in 2014 an increase of 95%. Over the period under review, the average export prices attained the maximum in 2020 and is likely to see gradual growth in years to come.

Average prices varied noticeably for the major foreign markets. In 2020, amid the top suppliers, the countries with the highest prices were Indonesia ($X per unit) and Japan ($X per unit), while the average price for exports to Thailand ($X per unit) and Belgium ($X per unit) were amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Tungsten Halogen Lamp Imports

Imports into Vietnam

Tungsten halogen lamp imports into Vietnam contracted to X units in 2021, which is down by -8.3% against the previous year's figure. In general, imports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2019 when imports increased by 147% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, tungsten halogen lamp imports contracted to $X in 2021. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 75% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2020, China (X units) was the main supplier of tungsten halogen lamp to Vietnam, with a 201% share of total imports. Moreover, tungsten halogen lamp imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. Hong Kong SAR (X units) ranked third in terms of total imports with a 5.1% share.

From 2012 to 2020, the average annual growth rate of volume from China amounted to +10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-8.5% per year) and Hong Kong SAR (-6.4% per year).

In value terms, China ($X) constituted the largest supplier of tungsten halogen lamps to Vietnam, comprising 63% of total imports. The second position in the ranking was taken by Germany ($X), with a 22% share of total imports. It was followed by South Korea, with a 3.3% share.

From 2012 to 2020, the average annual rate of growth in terms of value from China stood at +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.1% per year) and South Korea (+5.9% per year).

Import Prices by Country

The average tungsten halogen lamp import price stood at $X per unit in 2020, growing by 15% against the previous year. In general, the import price, however, continues to indicate a abrupt slump. The import price peaked at $X per unit in 2012; however, from 2013 to 2020, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by China (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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