Eastern Europe: Market for Special-Purpose Electric Lamps and Lighting Fittings 2024

Market Size for Special-Purpose Electric Lamps and Lighting Fittings in Eastern Europe

After two years of growth, the East European market for special-purpose electric lamps and lighting fittings decreased by -7.4% to $X in 2022. The total consumption indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +21.7% against 2019 indices. The level of consumption peaked at $X in 2021, and then shrank in the following year.

Production of Special-Purpose Electric Lamps and Lighting Fittings in Eastern Europe

In value terms, production of special-purpose electric lamps and lighting fittings contracted to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 30%. As a result, production reached the peak level of $X. From 2018 to 2022, production of growth failed to regain momentum.

Exports of Special-Purpose Electric Lamps and Lighting Fittings

Exports in Eastern Europe

In 2022, the amount of special-purpose electric lamps and lighting fittings exported in Eastern Europe reduced to X units, which is down by -8.2% on 2021. Total exports indicated a resilient expansion from 2012 to 2022: its volume increased at an average annual rate of +6.2% 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 -10.7% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 22%. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of special-purpose electric lamps and lighting fittings fell to $X in 2022. In general, exports, however, showed a resilient increase. The growth pace was the most rapid in 2013 with an increase of 30% against the previous year. The level of export peaked at $X in 2021, and then contracted in the following year.

Exports by Country

In 2022, Poland (X units) was the key exporter of special-purpose electric lamps and lighting fittings, generating 50% of total exports. Hungary (X units) ranks second in terms of the total exports with a 12% share, followed by Bulgaria (11%), the Czech Republic (7.4%) and Ukraine (4.9%). The following exporters - Slovakia (X units) and Romania (X units) - each resulted at a 7.5% share of total exports.

Exports from Poland increased at an average annual rate of +12.5% from 2012 to 2022. At the same time, Bulgaria (+17.4%), Hungary (+10.8%), Ukraine (+5.0%) and Romania (+2.2%) displayed positive paces of growth. Moreover, Bulgaria emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +17.4% from 2012-2022. Slovakia and the Czech Republic experienced a relatively flat trend pattern. From 2012 to 2022, the share of Poland, Bulgaria and Hungary increased by +22, +6.7 and +4.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest special-purpose electric lamp and lighting fitting supplier in Eastern Europe, comprising 53% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a 14% share of total exports. It was followed by Hungary, with a 9.5% share.

In Poland, exports of special-purpose electric lamps and lighting fittings expanded at an average annual rate of +17.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Czech Republic (+3.6% per year) and Hungary (+12.5% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, declining by -1.5% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2013 an increase of 13% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+5.6%), while the other leaders experienced more modest paces of growth.

Imports of Special-Purpose Electric Lamps and Lighting Fittings

Imports in Eastern Europe

Imports of special-purpose electric lamps and lighting fittings shrank to X units in 2022, which is down by -7.2% on 2021 figures. Total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of +4.8% 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 +41.8% against 2015 indices. The pace of growth was the most pronounced in 2017 with an increase of 25% against the previous year. The volume of import peaked at X units in 2021, and then reduced in the following year.

In value terms, imports of special-purpose electric lamps and lighting fittings reduced to $X in 2022. The total import value increased at an average annual rate of +4.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year. As a result, imports attained the peak of $X, and then fell in the following year.

Imports by Country

Poland (X units) and Russia (X units) represented the major importers of special-purpose electric lamps and lighting fittings in 2022, reaching near 28% and 25% of total imports, respectively. It was distantly followed by Hungary (X units), Romania (X units), the Czech Republic (X units), Bulgaria (X units) and Slovakia (X units), together comprising a 35% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Bulgaria (with a CAGR of +19.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest special-purpose electric lamp and lighting fitting importing markets in Eastern Europe were Poland ($X), Russia ($X) and the Czech Republic ($X), together accounting for 62% of total imports. Hungary, Romania, Slovakia and Bulgaria lagged somewhat behind, together accounting for a further 24%.

Bulgaria, with a CAGR of +13.4%, saw the highest growth rate of 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

The import price in Eastern Europe stood at $X per unit in 2022, falling by -3.6% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 11% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, 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 the Czech Republic ($X per unit), while Russia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+2.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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