China: Tungsten Halogen Lamp Market 2024

Tungsten Halogen Lamp Market Size in China

In 2021, after two years of decline, there was significant growth in the Chinese tungsten halogen lamp market, when its value increased by 5.5% to $X. In general, consumption saw a mild slump. The most prominent rate of growth was recorded in 2017 when the market value increased by 7.8%. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Tungsten Halogen Lamp Production in China

In value terms, tungsten halogen lamp production surged to $X in 2021 estimated in export price. Overall, production showed a mild shrinkage. Tungsten halogen lamp production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Tungsten Halogen Lamp Exports

Exports from China

In 2021, overseas shipments of tungsten halogen lamps increased by 49% to X units, rising for the second consecutive year after five years of decline. In general, exports enjoyed a moderate expansion. The pace of growth was the most pronounced in 2020 with an increase of 91% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, tungsten halogen lamp exports reached $X in 2021. Overall, exports, however, continue to indicate a perceptible contraction. The growth pace was the most rapid in 2020 with an increase of 29%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for tungsten halogen lamp exports from China, accounting for a 22% share of total exports. Moreover, tungsten halogen lamp exports to the United States exceeded the volume sent to the second major destination, India (X units), fourfold. Brazil (X units) ranked third in terms of total exports with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +12.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+12.9% per year) and Brazil (+14.4% per year).

In value terms, the United States ($X) remains the key foreign market for tungsten halogen lamps exports from China, comprising 24% of total exports. The second position in the ranking was held by India ($X), with a 5.7% share of total exports. It was followed by Brazil, with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +4.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+1.1% per year) and Brazil (+3.0% per year).

Export Prices by Country

The average tungsten halogen lamp export price stood at $X per unit in 2021, reducing by -24.9% against the previous year. Overall, the export price saw a abrupt descent. The most prominent rate of growth was recorded in 2017 an increase of 18% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (-2.0%), while the prices for the other major destinations experienced a decline.

Tungsten Halogen Lamp Imports

Imports into China

In 2021, the amount of tungsten halogen lamps imported into China fell dramatically to X units, which is down by -19.6% compared with 2020. Over the period under review, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2016 when imports increased by 25%. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, tungsten halogen lamp imports fell modestly to $X in 2021. In general, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 9.8% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of tungsten halogen lamp to China, accounting for a 40% share of total imports. Moreover, tungsten halogen lamp imports from Germany exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. South Korea (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany totaled -20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-16.6% per year) and South Korea (-10.5% per year).

In value terms, Japan ($X), Germany ($X) and the United States ($X) constituted the largest tungsten halogen lamp suppliers to China, together comprising 73% of total imports. Poland, South Korea, Taiwan (Chinese), France and Hungary lagged somewhat behind, together accounting for a further 17%.

Poland, with a CAGR of +7.6%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average tungsten halogen lamp import price amounted to $X per unit, rising by 22% against the previous year. Overall, the import price posted a resilient expansion. The pace of growth was the most pronounced in 2020 when the average import price increased by 68% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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