Benelux: Market for Ballasts For Discharge Lamps Or Tubes 2025

Market Size for Ballasts For Discharge Lamps Or Tubes in Benelux

The Benelux ballast for discharge lamp market dropped notably to $X in 2021, shrinking by -17.5% against the previous year. Overall, consumption showed a abrupt decline. Over the period under review, the market hit record highs at $X in 2020, and then declined remarkably in the following year.

Production of Ballasts For Discharge Lamps Or Tubes in Benelux

In value terms, ballast for discharge lamp production reduced rapidly to $X in 2021 estimated in export price. In general, production saw a dramatic setback. The pace of growth appeared the most rapid in 2013 when the production volume decreased by -50% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Ballasts For Discharge Lamps Or Tubes

Exports in Benelux

In 2021, approx. X units of ballasts for discharge lamps or tubes were exported in Benelux; which is down by -12.4% on the previous year. Overall, exports saw a abrupt decline. Over the period under review, the exports attained the peak figure at X units in 2020, and then dropped in the following year.

In value terms, ballast for discharge lamp exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +19.4% from 2020 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, the Netherlands (X units) represented the key exporter of ballasts for discharge lamps or tubes, making up 87% of total exports. It was distantly followed by Belgium (X units), making up a 12% share of total exports.

The Netherlands was also the fastest-growing in terms of the ballasts for discharge lamps or tubes exports, with a CAGR of -9.9% from 2020 to 2021. Belgium (-29.4%) illustrated a downward trend over the same period. From 2020 to 2021, the share of the Netherlands increased by +2.5 percentage points.

In value terms, the Netherlands ($X) remains the largest ballast for discharge lamp supplier in Benelux, comprising 89% of total exports. The second position in the ranking was held by Belgium ($X), with an 11% share of total exports.

From 2020 to 2021, the average annual growth rate of value in the Netherlands stood at +21.4%.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per unit, with an increase of 36% against the previous year. Export price indicated a significant expansion from 2020 to 2021: its price increased at an average annual rate of +36.3% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was the Netherlands ($X per unit), while Belgium stood at $X per unit.

From 2020 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+49.3%).

Imports of Ballasts For Discharge Lamps Or Tubes

Imports in Benelux

Ballast for discharge lamp imports totaled X units in 2021, with an increase of 3.6% compared with the previous year's figure. The total import volume increased at an average annual rate of +3.6% from 2020 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ballast for discharge lamp imports fell to $X in 2021. In general, imports, however, recorded a pronounced slump. Over the period under review, imports attained the maximum at $X in 2020, and then fell modestly in the following year.

Imports by Country

The Netherlands represented the main importer of ballasts for discharge lamps or tubes in Benelux, with the volume of imports accounting for X units, which was approx. 77% of total imports in 2021. Luxembourg (X units) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Belgium (9.6%).

Imports into the Netherlands increased at an average annual rate of +5.8% from 2020 to 2021. At the same time, Belgium (+25.9%) displayed positive paces of growth. Moreover, Belgium emerged as the fastest-growing importer imported in Benelux, with a CAGR of +25.9% from 2020-2021. By contrast, Luxembourg (-17.5%) illustrated a downward trend over the same period. While the share of Belgium (+1.7 p.p.) and the Netherlands (+1.6 p.p.) increased significantly in terms of the total imports from 2020-2021, the share of Luxembourg (-3.3 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) constitutes the largest market for imported ballasts for discharge lamps or tubes in Benelux, comprising 79% of total imports. The second position in the ranking was held by Belgium ($X), with a 12% share of total imports.

From 2020 to 2021, the average annual growth rate of value in the Netherlands amounted to -3.9%. In the other countries, the average annual rates were as follows: Belgium (+24.8% per year) and Luxembourg (-19.0% per year).

Import Prices by Country

The import price in Benelux stood at $X per unit in 2021, declining by -6.2% against the previous year. Over the period under review, the import price saw a abrupt shrinkage. Over the period under review, import prices reached the maximum at $X per unit in 2020, and then reduced in the following year.

Prices varied noticeably country of destination: the country with the highest price was Belgium ($X per unit), while Luxembourg ($X per unit) was amongst the lowest.

From 2020 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (-0.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform