Hong Kong SAR, China: Tungsten Halogen Lamp Market 2024

Tungsten Halogen Lamp Market Size in Hong Kong SAR, China

In 2021, the Hong Kong tungsten halogen lamp market increased by 8.1% to $X for the first time since 2016, thus ending a four-year declining trend. Over the period under review, consumption, however, recorded a perceptible slump. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Tungsten Halogen Lamp Production in Hong Kong SAR, China

In value terms, tungsten halogen lamp production expanded sharply to $X in 2021 estimated in export price. In general, production saw a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 858% against the previous year. Tungsten halogen lamp production peaked at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Tungsten Halogen Lamp Exports

Exports from Hong Kong SAR, China

In 2021, after three years of decline, there was significant growth in shipments abroad of tungsten halogen lamps, when their volume increased by 16% to X units. In general, exports, however, showed a abrupt slump. The most prominent rate of growth was recorded in 2017 when exports increased by 23% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, tungsten halogen lamp exports expanded remarkably to $X in 2021. Over the period under review, exports, however, saw a abrupt setback. The most prominent rate of growth was recorded in 2017 when exports increased by 37% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X units) was the main destination for tungsten halogen lamp exports from Hong Kong SAR, accounting for a 52% share of total exports. Moreover, tungsten halogen lamp exports to India exceeded the volume sent to the second major destination, Thailand (X units), twofold. The third position in this ranking was taken by the United States (X units), with a 20% share.

From 2012 to 2020, the average annual rate of growth in terms of volume to India was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+42.2% per year) and the United States (+6.5% per year).

In value terms, Thailand ($X) remains the key foreign market for tungsten halogen lamps exports from Hong Kong SAR, comprising 52% of total exports. The second position in the ranking was taken by China ($X), with a 17% share of total exports. It was followed by the United States, with a 5.3% share.

From 2012 to 2020, the average annual rate of growth in terms of value to Thailand amounted to +52.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-2.7% per year) and the United States (-7.5% per year).

Export Prices by Country

The average tungsten halogen lamp export price stood at $X per unit in 2020, leveling off at the previous year. Over the period from 2012 to 2020, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 14%. Over the period under review, the average export prices attained the maximum at $X per unit in 2019, and then reduced slightly in the following year.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to China (+14.1%), while the prices for the other major destinations experienced mixed trend patterns.

Tungsten Halogen Lamp Imports

Imports into Hong Kong SAR, China

In 2021, supplies from abroad of tungsten halogen lamps decreased by -16.9% to X units, falling for the fourth consecutive year after two years of growth. In general, imports faced a sharp downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 14% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, tungsten halogen lamp imports shrank to $X in 2021. Overall, imports saw a dramatic decrease. The pace of growth was the most pronounced in 2017 when imports increased by 16%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2020, China (X units) constituted the largest supplier of tungsten halogen lamp to Hong Kong SAR, with a 74% share of total imports. Moreover, tungsten halogen lamp imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fourfold. The United States (X units) ranked third in terms of total imports with a 1% share.

From 2012 to 2020, the average annual growth rate of volume from China stood at -24.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-5.7% per year) and the United States (-27.5% per year).

In value terms, China ($X) constituted the largest supplier of tungsten halogen lamps to Hong Kong SAR, comprising 70% of total imports. The second position in the ranking was held by Japan ($X), with a 17% share of total imports. It was followed by Germany, with a 3.4% share.

From 2012 to 2020, the average annual growth rate of value from China stood at -14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-8.3% per year) and Germany (-26.2% per year).

Import Prices by Country

In 2020, the average tungsten halogen lamp import price amounted to $X per unit, with an increase of 4.9% against the previous year. Over the last eight-year period, it increased at an average annual rate of +3.7%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 22% against the previous year. The import price peaked in 2020 and is expected to retain growth in the near future.

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

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Germany (+21.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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