Thailand: Tungsten Halogen Lamp Market 2024

Tungsten Halogen Lamp Market Size in Thailand

In 2021, after three years of growth, there was significant decline in the Thai tungsten halogen lamp market, when its value decreased by -86.4% to $X. Overall, consumption continues to indicate a perceptible decline. As a result, consumption reached the peak level of $X, and then dropped markedly in the following year.

Tungsten Halogen Lamp Exports

Exports from Thailand

In 2021, the amount of tungsten halogen lamps exported from Thailand reduced remarkably to X units, waning by -67.3% compared with 2020. In general, exports, however, saw a noticeable increase. The pace of growth was the most pronounced in 2020 when exports increased by 134%. As a result, the exports reached the peak of X units, and then shrank markedly in the following year.

In value terms, tungsten halogen lamp exports contracted notably to $X in 2021. Over the period under review, exports continue to indicate a noticeable reduction. The pace of growth was the most pronounced in 2014 when exports increased by 48%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Myanmar (X units), Japan (X units) and Germany (X units) were the main destinations of tungsten halogen lamp exports from Thailand, together comprising 12% of total exports. These countries were followed by Indonesia, New Zealand, Malaysia, the Philippines, Lao People's Democratic Republic, Sweden, the United States, Norway, Taiwan (Chinese) and Vietnam, which together accounted for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Sweden (with a CAGR of +496.5%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) emerged as the key foreign market for tungsten halogen lamps exports from Thailand, comprising 21% of total exports. The second position in the ranking was taken by Lao People's Democratic Republic ($X), with an 8.8% share of total exports. It was followed by Japan, with a 7.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +33.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (-3.8% per year) and Japan (+4.1% per year).

Export Prices by Country

In 2021, the average tungsten halogen lamp export price amounted to $X per unit, rising by 92% against the previous year. In general, the export price, however, saw a abrupt slump. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Norway (less than $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 Indonesia (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Tungsten Halogen Lamp Imports

Imports into Thailand

After three years of growth, purchases abroad of tungsten halogen lamps decreased by -87.3% to X units in 2021. Over the period under review, imports saw a pronounced descent. The most prominent rate of growth was recorded in 2020 when imports increased by 566%. As a result, imports reached the peak of X units, and then fell notably in the following year.

In value terms, tungsten halogen lamp imports fell to $X in 2021. In general, imports showed a pronounced shrinkage. The pace of growth was the most pronounced in 2018 when imports increased by 13%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of tungsten halogen lamp to Thailand, accounting for a 41% share of total imports. Moreover, tungsten halogen lamp imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), fivefold. The third position in this ranking was held by Germany (X units), with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+22.1% per year) and Germany (-14.4% per year).

In value terms, China ($X) constituted the largest supplier of tungsten halogen lamps to Thailand, comprising 58% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by the United States, with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-12.0% per year) and the United States (-9.7% per year).

Import Prices by Country

In 2021, the average tungsten halogen lamp import price amounted to $X per unit, surging by 684% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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