South-Eastern Asia: Lamp Plastic Parts Market 2024

Lamp Plastic Parts Market Size in South-Eastern Asia

For the third year in a row, the Southeast Asian lamp plastic parts market recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption, however, continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Lamp Plastic Parts Production in South-Eastern Asia

In value terms, lamp plastic parts production reduced slightly to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Lamp Plastic Parts Exports

Exports in South-Eastern Asia

In 2022, overseas shipments of plastic parts for lamps and lighting fittings decreased by X% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports, however, posted a modest expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, lamp plastic parts exports fell notably to $X in 2022. In general, exports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced dramatically in the following year.

Exports by Country

In 2022, Singapore (X tons), distantly followed by Thailand (X tons), Malaysia (X tons), the Philippines (X tons), Vietnam (X tons) and Indonesia (X tons) were the main exporters of plastic parts for lamps and lighting fittings, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Philippines (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X), the Philippines ($X) and Vietnam ($X) constituted the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Among the main exporting countries, the Philippines, with a CAGR of X%, saw the highest growth rate of 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 export price in South-Eastern Asia stood at $X per ton in 2022, falling by X% against the previous year. Export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lamp plastic parts export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Lamp Plastic Parts Imports

Imports in South-Eastern Asia

Lamp plastic parts imports rose sharply to X tons in 2022, growing by X% compared with the previous year's figure. In general, imports continue to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, lamp plastic parts imports skyrocketed to $X in 2022. Over the period under review, imports saw a prominent increase. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Thailand represented the main importing country with an import of about X tons, which accounted for X% of total imports. Indonesia (X tons) held the second position in the ranking, followed by Malaysia (X tons), Cambodia (X tons), Vietnam (X tons) and Singapore (X tons). All these countries together took near X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to lamp plastic parts imports into Thailand stood at X%. At the same time, Cambodia (X%), Vietnam (X%) and Malaysia (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing importer imported in South-Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Singapore (X%) and Indonesia (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand, Cambodia, Vietnam and Malaysia increased by X, X, X and X percentage points, respectively.

In value terms, the largest lamp plastic parts importing markets in South-Eastern Asia were Thailand ($X), Vietnam ($X) and Singapore ($X), with a combined X% share of total imports. Indonesia, Cambodia and Malaysia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Cambodia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, growing by X% against the previous year. Import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, lamp plastic parts import price decreased by X% against 2016 indices. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2016; however, from 2017 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 Vietnam ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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