Benelux: Market for Residential, Commercial and Industrial Lighting Fixture 2024

Market Size for Residential, Commercial and Industrial Lighting Fixture in Benelux

The Benelux market for residential, commercial and industrial lighting fixture was finally on the rise to reach $X in 2021, after two years of decline. The market value increased at an average annual rate of +4.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Residential, Commercial and Industrial Lighting Fixture in Benelux

In value terms, production of residential, commercial and industrial lighting fixture totaled $X in 2021 estimated in export price. Overall, production, however, saw a perceptible decrease. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports in Benelux

In 2021, shipments abroad of residential, commercial and industrial lighting fixture increased by 12% to X units, rising for the sixth year in a row after two years of decline. Overall, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by 74% against the previous year. Over the period under review, the exports of attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of residential, commercial and industrial lighting fixture surged to $X in 2021. Over the period under review, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 53% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

Exports by Country

In 2021, the Netherlands (X units) represented the key exporter of residential, commercial and industrial lighting fixture, making up 70% of total exports. It was distantly followed by Belgium (X units), making up a 30% share of total exports.

The Netherlands was also the fastest-growing in terms of the residential, commercial and industrial lighting fixture exports, with a CAGR of +15.2% from 2012 to 2021. Belgium (-3.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the Netherlands increased by +37 percentage points.

In value terms, the largest residential, commercial and industrial lighting fixture supplying countries in Benelux were the Netherlands ($X) and Belgium ($X).

In terms of the main exporting countries, the Netherlands, with a CAGR of +12.7%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per unit, rising by 11% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by 12% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+2.9%).

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports in Benelux

In 2021, purchases abroad of residential, commercial and industrial lighting fixture increased by 16% to X units, rising for the sixth year in a row after two years of decline. Total imports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +123.6% against 2015 indices. The most prominent rate of growth was recorded in 2020 with an increase of 40%. Over the period under review, imports of hit record highs in 2021 and are likely to see gradual growth in the near future.

In value terms, imports of residential, commercial and industrial lighting fixture surged to $X in 2021. Total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +114.5% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The Netherlands was the main importer of residential, commercial and industrial lighting fixture in Benelux, with the volume of imports resulting at X units, which was approx. 66% of total imports in 2021. It was distantly followed by Belgium (X units), constituting a 32% share of total imports. Luxembourg (X units) followed a long way behind the leaders.

The Netherlands was also the fastest-growing in terms of the residential, commercial and industrial lighting fixture imports, with a CAGR of +10.8% from 2012 to 2021. At the same time, Luxembourg (+3.6%) displayed positive paces of growth. Belgium experienced a relatively flat trend pattern. The Netherlands (+22 p.p.) significantly strengthened its position in terms of the total imports, while Belgium saw its share reduced by -21.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest residential, commercial and industrial lighting fixture importing markets in Benelux were the Netherlands ($X), Belgium ($X) and Luxembourg ($X), together accounting for 99.9% of total imports.

Among the main importing countries, the Netherlands, with a CAGR of +10.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Benelux stood at $X per unit in 2021, increasing by 15% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Luxembourg (+2.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform