Overview of the Global Market for Ballasts For Discharge Lamps Or Tubes

Market Size for Ballasts For Discharge Lamps Or Tubes

The global ballast for discharge lamp market dropped to $X in 2022, shrinking by -8% against the previous year. Overall, consumption showed a abrupt decline. The pace of growth was the most pronounced in 2021 when the market value increased by 8.9% against the previous year. Over the period under review, the global market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Ballasts For Discharge Lamps Or Tubes

In value terms, ballast for discharge lamp production declined to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2019 when the production volume increased by 9.4%. Global production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Ballasts For Discharge Lamps Or Tubes

Exports

In 2022, shipments abroad of ballasts for discharge lamps or tubes decreased by -30.7% to X units, falling for the eighth consecutive year after three years of growth. Overall, exports faced a abrupt setback. The pace of growth appeared the most rapid in 2014 when exports increased by 3%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the global exports remained at a somewhat lower figure.

In value terms, ballast for discharge lamp exports dropped markedly to $X in 2022. Over the period under review, exports saw a abrupt decrease. The growth pace was the most rapid in 2021 when exports increased by 2.5% against the previous year. Over the period under review, the global exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China represented the largest exporting country with an export of about X units, which amounted to 44% of total exports. Poland (X units) ranks second in terms of the total exports with a 16% share, followed by India (5.4%) and Mexico (5%). Hong Kong SAR (X units), Germany (X units), Italy (X units), the United States (X units), Japan (X units) and Bulgaria (X units) held a little share of total exports.

Exports from China decreased at an average annual rate of -15.6% from 2012 to 2022. At the same time, India (+1.2%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in the world, with a CAGR of +1.2% from 2012-2022. By contrast, Italy (-7.6%), Poland (-8.0%), Hong Kong SAR (-11.8%), Bulgaria (-12.6%), Japan (-16.5%), the United States (-18.1%), Mexico (-18.3%) and Germany (-19.0%) illustrated a downward trend over the same period. While the share of Poland (+8.3 p.p.), India (+4.4 p.p.) and Italy (+2.1 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Mexico (-2.7 p.p.), Germany (-2.7 p.p.) and China (-4.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and Mexico ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined 44% share of global exports. The United States, Poland, Italy, India, Bulgaria, Hong Kong SAR and Japan lagged somewhat behind, together comprising a further 27%.

India, with a CAGR of -3.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the average ballast for discharge lamp export price amounted to $X per unit, almost unchanged from the previous year. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by 9.9%. The global export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+10.5%), while the other global leaders experienced more modest paces of growth.

Imports of Ballasts For Discharge Lamps Or Tubes

Imports

In 2022, the amount of ballasts for discharge lamps or tubes imported worldwide declined significantly to X units, which is down by -19.2% against the previous year's figure. Overall, imports showed a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 58% against the previous year. Global imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, ballast for discharge lamp imports fell rapidly to $X in 2022. Over the period under review, imports showed a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. Global imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Poland dominates imports structure, recording X units, which was approx. 62% of total imports in 2022. The following importers - India (X units), the United States (X units), Russia (X units), the Philippines (X units), Egypt (X units) and Germany (X units) - together made up 16% of total imports.

Imports into Poland increased at an average annual rate of +2.0% from 2012 to 2022. At the same time, the Philippines (+21.5%) and Egypt (+12.2%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing importer imported in the world, with a CAGR of +21.5% from 2012-2022. By contrast, India (-3.2%), Russia (-14.2%), the United States (-17.8%) and Germany (-20.1%) illustrated a downward trend over the same period. Poland (+38 p.p.), the Philippines (+1.6 p.p.) and India (+1.6 p.p.) significantly strengthened its position in terms of the global imports, while Russia, Germany and the United States saw its share reduced by -3%, -5.3% and -9.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported ballasts for discharge lamps or tubes worldwide, comprising 15% of global imports. The second position in the ranking was taken by the Philippines ($X), with a 7.4% share of global imports. It was followed by Germany, with a 5.6% share.

In the United States, ballast for discharge lamp imports declined by an average annual rate of -17.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the Philippines (+24.0% per year) and Germany (-19.4% per year).

Import Prices by Country

The average ballast for discharge lamp import price stood at $X per unit in 2022, dropping by -15.4% against the previous year. Over the period under review, the import price recorded a abrupt downturn. The growth pace was the most rapid in 2019 when the average import price increased by 11%. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+5.4%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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