Eastern Europe: Market for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles 2025

Market Size for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in Eastern Europe

For the fourth year in a row, the East European market for electrical lighting or visual signaling equipment for motor vehicles and cycles recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption enjoyed a resilient expansion. Over the period under review, the market hit record highs in 2022 and is likely to see steady growth in the near future.

Production of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in Eastern Europe

In value terms, lighting equipment for motor vehicles production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production recorded a strong expansion. The growth pace was the most rapid in 2013 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Exports in Eastern Europe

In 2022, approx. X units of electrical lighting or visual signaling equipment for motor vehicles and cycles were exported in Eastern Europe; shrinking by X% compared with 2021 figures. Total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2018 indices. The pace of growth was the most pronounced in 2014 when exports increased by X%. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, lighting equipment for motor vehicles exports declined modestly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, the Czech Republic (X units), distantly followed by Slovakia (X units), Poland (X units) and Romania (X units) represented the major exporters of electrical lighting or visual signaling equipment for motor vehicles and cycles, together generating X% of total exports. Hungary (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest lighting equipment for motor vehicles supplying countries in Eastern Europe were the Czech Republic ($X), Slovakia ($X) and Poland ($X), with a combined X% share of total exports.

Among the main exporting countries, Slovakia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price, however, saw a mild slump. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Hungary ($X per unit) and the Czech Republic ($X per unit), while Poland ($X per unit) and Slovakia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hungary (X%), while the other leaders experienced a decline in the export price figures.

Imports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Imports in Eastern Europe

In 2022, approx. X units of electrical lighting or visual signaling equipment for motor vehicles and cycles were imported in Eastern Europe; jumping by X% on the previous year. In general, imports continue to indicate prominent growth. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the near future.

In value terms, lighting equipment for motor vehicles imports reduced to $X in 2022. Total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 when imports increased by X%. The level of import peaked at $X in 2021, and then contracted in the following year.

Imports by Country

The countries with the highest levels of lighting equipment for motor vehicles imports in 2022 were Slovakia (X units), Poland (X units), the Czech Republic (X units), Russia (X units), Hungary (X units) and Romania (X units), together finishing at X% of total import. Belarus (X units) took a little share of total imports.

From 2012 to 2022, the biggest increases were recorded for Belarus (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lighting equipment for motor vehicles importing markets in Eastern Europe were Russia ($X), Slovakia ($X) and the Czech Republic ($X), with a combined X% share of total imports. Hungary, Poland, Romania and Belarus lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Hungary, with a CAGR of X%, 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 Eastern Europe stood at $X per unit in 2022, reducing by X% against the previous year. In general, the import price showed a perceptible downturn. The most prominent rate of growth was recorded in 2016 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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