Austria: Market for Special-Purpose Electric Lamps and Lighting Fittings 2024

Market Size for Special-Purpose Electric Lamps and Lighting Fittings in Austria

The Austrian market for special-purpose electric lamps and lighting fittings contracted to $X in 2022, reducing by -5.8% against the previous year. Over the period under review, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +7.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +57.6% against 2017 indices. Over the period under review, the market reached the maximum level at $X in 2021, and then contracted in the following year.

Production of Special-Purpose Electric Lamps and Lighting Fittings in Austria

In value terms, production of special-purpose electric lamps and lighting fittings expanded markedly to $X in 2022 estimated in export price. Over the period under review, production recorded a remarkable increase. The growth pace was the most rapid in 2020 with an increase of 40%. As a result, production reached the peak level of $X. From 2021 to 2022, production of growth remained at a lower figure.

Exports of Special-Purpose Electric Lamps and Lighting Fittings

Exports from Austria

After three years of growth, overseas shipments of special-purpose electric lamps and lighting fittings decreased by -9% to X units in 2022. The total export volume increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 22% against the previous year. As a result, the exports reached the peak of X units, and then declined in the following year.

In value terms, exports of special-purpose electric lamps and lighting fittings reduced to $X in 2022. In general, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.4% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of 54%. Over the period under review, the exports of attained the peak figure at $X in 2021, and then shrank in the following year.

Exports by Country

Germany (X units) was the main destination for exports of special-purpose electric lamps and lighting fittings from Austria, accounting for a 26% share of total exports. Moreover, exports of special-purpose electric lamps and lighting fittings to Germany exceeded the volume sent to the second major destination, France (X units), fourfold. Italy (X units) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+19.3% per year) and Italy (+6.1% per year).

In value terms, Germany ($X) remains the key foreign market for special-purpose electric lamps and lighting fittings exports from Austria, comprising 34% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 9.6% share of total exports. It was followed by France, with a 6.4% share.

From 2012 to 2022, the average annual growth rate of value to Germany amounted to +5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (+7.6% per year) and France (+29.0% per year).

Export Prices by Country

In 2022, the average export price for special-purpose electric lamps and lighting fittings amounted to $X per unit, almost unchanged from the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 32% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, 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 Switzerland ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Special-Purpose Electric Lamps and Lighting Fittings

Imports into Austria

After two years of growth, overseas purchases of special-purpose electric lamps and lighting fittings decreased by -10% to X units in 2022. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 25% against the previous year. As a result, imports attained the peak of X units, and then contracted in the following year.

In value terms, imports of special-purpose electric lamps and lighting fittings dropped to $X in 2022. The total import value increased at an average annual rate of +4.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when imports increased by 30% against the previous year. Imports peaked at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of special-purpose electric lamp and lighting fitting to Austria, with a 51% share of total imports. Moreover, imports of special-purpose electric lamps and lighting fittings from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was taken by the UK (X units), with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.0% per year) and the UK (+22.8% per year).

In value terms, the largest special-purpose electric lamp and lighting fitting suppliers to Austria were China ($X), Germany ($X) and the UK ($X), with a combined 68% share of total imports. Italy, France, Serbia, Slovenia, Ukraine and the Czech Republic lagged somewhat behind, together accounting for a further 17%.

Serbia, with a CAGR of +99.1%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for special-purpose electric lamps and lighting fittings amounted to $X per unit, picking up by 3% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 10%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Serbia (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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