Asia-Pacific: Market for Lighting Sets for Christmas Trees 2024

Market Size for Lighting Sets for Christmas Trees in Asia-Pacific

The Asia-Pacific market for lighting sets for christmas trees shrank to $X in 2023, waning by X% against the previous year. Over the period under review, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2023, consumption remained at a lower figure.

Production of Lighting Sets for Christmas Trees in Asia-Pacific

In value terms, lighting set for christmas trees production reduced modestly to $X in 2023 estimated in export price. Overall, production recorded a slight increase. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. The level of production peaked at $X in 2013; however, from 2014 to 2023, production failed to regain momentum.

Exports of Lighting Sets for Christmas Trees

Exports in Asia-Pacific

In 2023, approx. X units of lighting sets for christmas trees were exported in Asia-Pacific; with an increase of X% compared with the previous year's figure. The total export volume increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2023 and are expected to retain growth in years to come.

In value terms, lighting set for christmas trees exports skyrocketed to $X in 2023. The total export value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the immediate term.

Exports by Country

China prevails in exports structure, reaching X units, which was approx. X% of total exports in 2023. It was distantly followed by Cambodia (X units), making up a X% share of total exports. The Philippines (X units) and Malaysia (X units) took a relatively small share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of lighting sets for christmas trees. At the same time, Cambodia (X%), Malaysia (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of Cambodia, the Philippines and Malaysia increased by X, X and X percentage points, respectively.

In value terms, China ($X) remains the largest lighting set for christmas trees supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was held by Cambodia ($X), with a X% share of total exports. It was followed by the Philippines, with a X% share.

In China, lighting set for christmas trees exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Cambodia (X% per year) and the Philippines (X% per year).

Export Prices by Country

In 2023, the export price in Asia-Pacific amounted to $X per unit, surging by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2023 and is expected to retain growth in years to come.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Cambodia (X%), while the other leaders experienced more modest paces of growth.

Imports of Lighting Sets for Christmas Trees

Imports in Asia-Pacific

In 2023, approx. X units of lighting sets for christmas trees were imported in Asia-Pacific; with a decrease of X% compared with the previous year. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2023, the growth of imports remained at a lower figure.

In value terms, lighting set for christmas trees imports skyrocketed to $X in 2023. The total import value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2022 with an increase of X%. The level of import peaked in 2023 and is likely to continue growth in the near future.

Imports by Country

In 2023, Thailand (X units) and Indonesia (X units) were the largest importers of lighting sets for christmas trees in Asia-Pacific, together reaching approx. X% of total imports. It was distantly followed by Hong Kong SAR (X units), India (X units), the Philippines (X units), Cambodia (X units) and South Korea (X units), together mixing up a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Cambodia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lighting set for christmas trees importing markets in Asia-Pacific were India ($X), Thailand ($X) and South Korea ($X), with a combined X% share of total imports. Cambodia, the Philippines, Indonesia and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

Cambodia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Asia-Pacific amounted to $X per unit, increasing by X% against the previous year. Import price indicated notable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, lighting set for christmas trees import price increased by X% against 2018 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of import peaked in 2023 and is likely to see gradual growth in years to come.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform