Global Portable Electric Lamp Market 2024

Portable Electric Lamp Market Size

In 2022, the global portable electric lamp market decreased by -11.3% to $X, falling for the second consecutive year after two years of growth. Overall, the total consumption indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -22.9% against 2020 indices. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the global market remained at a lower figure.

Portable Electric Lamp Production

In value terms, portable electric lamp production rose rapidly to $X in 2022 estimated in export price. In general, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -10.6% against 2020 indices. The growth pace was the most rapid in 2020 when the production volume increased by 74% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, global production growth failed to regain momentum.

Portable Electric Lamp Exports

Exports

For the third year in a row, the global market recorded growth in overseas shipments of portable electric lamps, which increased by 23% to X units in 2022. Overall, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 41%. Over the period under review, the global exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, portable electric lamp exports expanded rapidly to $X in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. The global exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

China dominates exports structure, recording X units, which was near 85% of total exports in 2022. The following exporters - Germany (X units) and the Netherlands (X units) - each finished at a 3.9% share of total exports.

China was also the fastest-growing in terms of the portable electric lamps exports, with a CAGR of +8.3% from 2012 to 2022. Germany experienced a relatively flat trend pattern. the Netherlands (-1.7%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by +18 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest portable electric lamp supplier worldwide, comprising 77% of global exports. The second position in the ranking was held by Germany ($X), with a 3.4% share of global exports.

From 2012 to 2022, the average annual growth rate of value in China stood at +1.2%. In the other countries, the average annual rates were as follows: Germany (+4.6% per year) and the Netherlands (+2.1% per year).

Export Prices by Country

The average portable electric lamp export price stood at $X per unit in 2022, falling by -13.7% against the previous year. Over the period under review, the export price recorded a pronounced decline. The growth pace was the most rapid in 2015 when the average export price increased by 14%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+4.0%), while the other global leaders experienced mixed trends in the export price figures.

Portable Electric Lamp Imports

Imports

In 2022, overseas purchases of portable electric lamps increased by 6.1% to X units, rising for the fourth year in a row after two years of decline. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 66% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of global imports remained at a somewhat lower figure.

In value terms, portable electric lamp imports dropped modestly to $X in 2022. The total import value increased at an average annual rate of +2.3% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 24%. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

In 2022, the United States (X units), distantly followed by Burkina Faso (X units) and Nigeria (X units) represented the major importers of portable electric lamps, together making up 27% of total imports. Indonesia (X units), Germany (X units), Kazakhstan (X units), Kenya (X units), Ghana (X units), the United Arab Emirates (X units), Japan (X units), Ethiopia (X units), the UK (X units) and France (X units) took a relatively small share of total imports.

Imports into the United States increased at an average annual rate of +2.1% from 2012 to 2022. At the same time, Kenya (+28.4%), Kazakhstan (+23.0%), Burkina Faso (+18.9%), Nigeria (+18.5%), Ethiopia (+5.4%) and Ghana (+2.9%) displayed positive paces of growth. Moreover, Kenya emerged as the fastest-growing importer imported in the world, with a CAGR of +28.4% from 2012-2022. Germany, the UK and France experienced a relatively flat trend pattern. By contrast, Indonesia (-1.9%), the United Arab Emirates (-2.4%) and Japan (-3.4%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Burkina Faso, Nigeria, Kazakhstan, Kenya and the United States increased by +5.1, +5, +2.9, +2.5 and +2 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported portable electric lamps worldwide, comprising 29% of global imports. The second position in the ranking was taken by Germany ($X), with a 6.8% share of global imports. It was followed by Japan, with a 4.6% share.

From 2012 to 2022, the average annual growth rate of value in the United States stood at +5.7%. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+4.1% per year) and Japan (+1.0% per year).

Import Prices by Country

The average portable electric lamp import price stood at $X per unit in 2022, dropping by -6% against the previous year. Overall, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, portable electric lamp import price increased by +4.0% against 2020 indices. The growth pace was the most rapid in 2015 when the average import price increased by 82%. Global import price peaked at $X per unit in 2021, and then dropped in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (+10.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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