Ballast For Discharge Lamp Market

The article discusses the expected upward trend in the global market for ballast for discharge lamp, with forecasted growth in market volume and value over the period from 2022 to 2030. Consumption, production, import, and export statistics are analyzed, with key insights into the largest consuming and producing countries. Trends in consumption per capita, as well as import and export prices, are also examined in detail.

Market Forecast

Driven by rising demand for ballast for discharge lamp worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +4.4% for the period from 2022 to 2030, which is projected to bring the market volume to 1.3B units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +6.2% for the period from 2022 to 2030, which is projected to bring the market value to $8.4B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Ballasts For Discharge Lamps Or Tubes

After two years of growth, consumption of ballasts for discharge lamps or tubes decreased by -45.3% to 937M units in 2022. Over the period under review, consumption showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 7.8% against the previous year. Over the period under review, global consumption hit record highs at 2B units in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

The global ballast for discharge lamp market value declined sharply to $5.2B in 2022, shrinking by -45.9% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a abrupt decline. The most prominent rate of growth was recorded in 2017 when the market value increased by 0.9%. Over the period under review, the global market reached the maximum level at $13B in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were Poland (224M units), China (211M units) and the United States (105M units), together comprising 58% of global consumption. India, Japan, Brazil, Indonesia, France and Mexico lagged somewhat behind, together comprising a further 22%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by India (with a CAGR of +10.9%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($1.3B), China ($832M) and India ($334M) constituted the countries with the highest levels of market value in 2022, together comprising 47% of the global market.

India, with a CAGR of +8.5%, saw the highest rates of growth with regard to market size among the main consuming countries over the period under review, while market for the other global leaders experienced mixed trends in the market figures.

In 2022, the highest levels of ballast for discharge lamp per capita consumption was registered in Poland (5,939 units per 1000 persons), followed by the United States (312 units per 1000 persons), France (266 units per 1000 persons) and Japan (260 units per 1000 persons), while the world average per capita consumption of ballast for discharge lamp was estimated at 119 units per 1000 persons.

In Poland, ballast for discharge lamp per capita consumption expanded at an average annual rate of +2.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (-4.7% per year) and France (-6.6% per year).

Production

World Production of Ballasts For Discharge Lamps Or Tubes

For the fourth year in a row, the global market recorded decline in production of ballasts for discharge lamps or tubes, which decreased by -48.8% to 725M units in 2022. Overall, production recorded a abrupt decline. The pace of growth was the most pronounced in 2018 with an increase of 6.2%. Global production peaked at 1.9B units in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

In value terms, ballast for discharge lamp production stood at $4.9B in 2022 estimated in export price. Over the period under review, production saw a perceptible decrease. The pace of growth appeared the most rapid in 2019 when the production volume increased by 7.7%. Over the period under review, global production reached the maximum level at $7.9B in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Production By Country

China (269M units) constituted the country with the largest volume of ballast for discharge lamp production, accounting for 37% of total volume. Moreover, ballast for discharge lamp production in China exceeded the figures recorded by the second-largest producer, the United States (95M units), threefold. India (62M units) ranked third in terms of total production with an 8.5% share.

In China, ballast for discharge lamp production shrank by an average annual rate of -7.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+0.9% per year) and India (+24.1% per year).

Imports

World Imports of Ballasts For Discharge Lamps Or Tubes

After two years of growth, overseas purchases of ballasts for discharge lamps or tubes decreased by -26.4% to 360M units in 2022. In general, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 52%. Over the period under review, global imports attained the peak figure at 727M units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, ballast for discharge lamp imports dropped notably to $875M in 2022. Overall, imports faced a drastic downturn. The pace of growth was the most pronounced in 2021 when imports increased by 23% against the previous year. Global imports peaked at $3.7B in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports By Country

Poland dominates imports structure, reaching 228M units, which was near 63% of total imports in 2022. It was distantly followed by India (31M units), generating an 8.6% share of total imports. The United States (13M units), Slovakia (5.7M units) and Romania (5.5M units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to ballast for discharge lamp imports into Poland stood at +1.1%. At the same time, Romania (+9.0%) and Slovakia (+7.2%) displayed positive paces of growth. Moreover, Romania emerged as the fastest-growing importer imported in the world, with a CAGR of +9.0% from 2012-2022. India experienced a relatively flat trend pattern. By contrast, the United States (-18.0%) illustrated a downward trend over the same period. While the share of Poland (+35 p.p.) and India (+4.5 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of the United States (-9.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($135M) constitutes the largest market for imported ballasts for discharge lamps or tubes worldwide, comprising 15% of global imports. The second position in the ranking was held by Poland ($43M), with a 4.9% share of global imports. It was followed by India, with a 1.8% share.

In the United States, ballast for discharge lamp imports decreased by an average annual rate of -17.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (-3.1% per year) and India (-3.5% per year).

Import Prices By Country

In 2022, the average ballast for discharge lamp import price amounted to $2.4 per unit, dropping by -10.3% against the previous year. Overall, the import price recorded a abrupt decrease. The pace of growth appeared the most rapid in 2013 when the average import price increased by 5.4% against the previous year. As a result, import price reached the peak level of $5.3 per unit. From 2014 to 2022, the average 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 the United States ($10 per unit), while Poland ($0.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.7%), while the other global leaders experienced a decline in the import price figures.

Exports

World Exports of Ballasts For Discharge Lamps Or Tubes

In 2022, approx. 148M units of ballasts for discharge lamps or tubes were exported worldwide; waning by -23.5% on 2021. Over the period under review, exports faced a abrupt decline. The pace of growth appeared the most rapid in 2018 when exports increased by 51% against the previous year. Over the period under review, the global exports reached the peak figure at 702M units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, ballast for discharge lamp exports declined significantly to $718M in 2022. In general, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 2%. Over the period under review, the global exports attained the peak figure at $3.7B in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports By Country

In 2022, China (59M units), distantly followed by Poland (37M units), India (8M units), Italy (6.9M units) and Mexico (6.8M units) represented the main exporters of ballasts for discharge lamps or tubes, together mixing up 80% of total exports. Germany (4.8M units), Hong Kong SAR (3.6M units), the United States (3.4M units) and South Korea (2.6M units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by South Korea (with a CAGR of +4.5%), while the other global leaders experienced mixed trends in the exports figures.

In value terms, China ($160M), Germany ($109M) and Mexico ($50M) were the countries with the highest levels of exports in 2022, with a combined 45% share of global exports. The United States, Poland, Italy, India, Hong Kong SAR and South Korea lagged somewhat behind, together comprising a further 25%.

India, with a CAGR of -3.3%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.

Export Prices By Country

The average ballast for discharge lamp export price stood at $4.9 per unit in 2022, with a decrease of -8.5% against the previous year. In general, the export price continues to indicate a mild setback. The most prominent rate of growth was recorded in 2015 when the average export price increased by 53%. Over the period under review, the average export prices hit record highs at $7.7 per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Germany ($23 per unit), while Poland ($1.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+8.2%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform