Eastern Europe: Market for Ballasts For Discharge Lamps Or Tubes 2024

Market Size for Ballasts For Discharge Lamps Or Tubes in Eastern Europe

The East European ballast for discharge lamp market contracted slightly to $X in 2021, with a decrease of -2.3% against the previous year. In general, consumption, however, continues to indicate temperate growth. As a result, consumption attained the peak level of $X, and then dropped slightly in the following year.

Production of Ballasts For Discharge Lamps Or Tubes in Eastern Europe

In value terms, ballast for discharge lamp production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 30% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Ballasts For Discharge Lamps Or Tubes

Exports in Eastern Europe

After two years of growth, shipments abroad of ballasts for discharge lamps or tubes decreased by -3.7% to X units in 2021. In general, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 2,087%. As a result, the exports attained the peak of X units, and then shrank in the following year.

In value terms, ballast for discharge lamp exports declined modestly to $X in 2021. Overall, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 1,891%. As a result, the exports reached the peak of $X, and then dropped slightly in the following year.

Exports by Country

Poland represented the major exporting country with an export of around X units, which accounted for 58% of total exports. It was distantly followed by Bulgaria (X units), generating a 30% share of total exports. Hungary (X units), Belarus (X units) and Russia (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Hungary (with a CAGR of +105.3%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the largest ballast for discharge lamp supplier in Eastern Europe, comprising 68% of total exports. The second position in the ranking was held by Bulgaria ($X), with a 14% share of total exports. It was followed by Hungary, with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Poland stood at -1.9%. In the other countries, the average annual rates were as follows: Bulgaria (+57.8% per year) and Hungary (+40.5% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2021, remaining relatively unchanged against the previous year. In general, the export price, however, continues to indicate a mild decrease. The pace of growth appeared the most rapid in 2013 an increase of 33%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+52.1%), while the other leaders experienced a decline in the export price figures.

Imports of Ballasts For Discharge Lamps Or Tubes

Imports in Eastern Europe

In 2021, imports of ballasts for discharge lamps or tubes in Eastern Europe reduced sharply to X units, with a decrease of -26% compared with the previous year. Over the period under review, imports, however, continue to indicate a slight increase. The most prominent rate of growth was recorded in 2020 when imports increased by 418%. As a result, imports attained the peak of X units, and then shrank sharply in the following year.

In value terms, ballast for discharge lamp imports rose significantly to $X in 2021. In general, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 565%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the near future.

Imports by Country

Poland (X units) and Russia (X units) represented roughly 55% of total imports in 2021. The Czech Republic (X units) ranks next in terms of the total imports with a 12% share, followed by Estonia (8.2%), Hungary (5.8%), Slovakia (5.2%) and Ukraine (4.8%).

From 2012 to 2021, the biggest increases were in the Czech Republic (with a CAGR of +14.8%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Poland ($X), the Czech Republic ($X) and Slovakia ($X) constituted the countries with the highest levels of imports in 2021, with a combined 67% share of total imports. These countries were followed by Russia, Estonia, Hungary and Ukraine, which together accounted for a further 24%.

Hungary, with a CAGR of +64.5%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per unit, surging by 45% against the previous year. Over the period under review, the import price recorded a prominent increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+438.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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