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

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

The CIS market for residential, commercial and industrial lighting fixture surged to $X in 2021, growing by 15% against the previous year. The total consumption indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +81.7% against 2016 indices. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the immediate term.

Production of Residential, Commercial and Industrial Lighting Fixture in CIS

In value terms, production of residential, commercial and industrial lighting fixture declined to $X in 2021 estimated in export price. The total production indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +55.3% against 2015 indices. The most prominent rate of growth was recorded in 2016 with an increase of 17% against the previous year. The level of production peaked at $X in 2020, and then reduced in the following year.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports in CIS

In 2021, exports of residential, commercial and industrial lighting fixture in the CIS skyrocketed to X units, increasing by 33% on the previous year's figure. Total exports indicated a strong expansion from 2012 to 2021: its volume increased at an average annual rate of +9.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 36% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, exports of residential, commercial and industrial lighting fixture skyrocketed to $X in 2021. Overall, exports enjoyed a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Belarus (X units) and Russia (X units) prevails in fixture structure, together constituting 95% of total exports. Moldova (X units) took a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Moldova (with a CAGR of +22.2%), while the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) remains the largest residential, commercial and industrial lighting fixture supplier in the CIS, comprising 66% of total exports. The second position in the ranking was taken by Belarus ($X), with a 27% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Russia totaled +9.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (+10.7% per year) and Moldova (+20.8% per year).

Export Prices by Country

The export price in the CIS stood at $X per unit in 2021, increasing by 3.4% against the previous year. In general, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the export price increased by 14%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Moldova ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+6.3%), while the other leaders experienced a decline in the export price figures.

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports in CIS

Imports of residential, commercial and industrial lighting fixture surged to X units in 2021, growing by 19% on the year before. Total imports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +97.2% against 2016 indices. The pace of growth was the most pronounced in 2017 with an increase of 42% against the previous year. The volume of import peaked in 2021 and is likely to see steady growth in years to come.

In value terms, imports of residential, commercial and industrial lighting fixture surged to $X in 2021. Overall, imports enjoyed temperate growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia represented the largest importer of residential, commercial and industrial lighting fixture in the CIS, with the volume of imports accounting for X units, which was near 74% of total imports in 2021. It was distantly followed by Kazakhstan (X units) and Belarus (X units), together creating a 17% share of total imports. Azerbaijan (X units) followed a long way behind the leaders.

Imports into Russia increased at an average annual rate of +1.4% from 2012 to 2021. At the same time, Azerbaijan (+17.0%), Belarus (+6.2%) and Kazakhstan (+1.2%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +17.0% from 2012-2021. From 2012 to 2021, the share of Azerbaijan increased by +2.7 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported residential, commercial and industrial lighting fixture in the CIS, comprising 70% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 13% share of total imports. It was followed by Belarus, with a 6.7% share.

In Russia, imports of residential, commercial and industrial lighting fixture increased at an average annual rate of +3.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Kazakhstan (+8.8% per year) and Belarus (+8.4% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per unit, picking up by 26% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Belarus ($X per unit), while Azerbaijan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kazakhstan (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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