Overview of the Market for Ballast For Discharge Lamp in China
In value terms, ballast for discharge lamp production skyrocketed to $ in estimated in export prices. Overall, production, however, showed a noticeable contraction. Over the period under review, production reached the peak level at $ in 2011; however, from 2012 to , production failed to regain the momentum.
The value of the ballast for discharge lamp market in China rose significantly to $ in , growing by % 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). Over the period under review, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the market value increased by % year-to-year. As a result, consumption reached the peak level of $. from 2018 to , the growth of the market remained at a somewhat lower figure.