Eastern Europe: Market for Residential, Commercial and Industrial Lighting Fixture 2024

Market Size for Residential, Commercial and Industrial Lighting Fixture in Eastern Europe

The East European market for residential, commercial and industrial lighting fixture skyrocketed to $X in 2021, surging by 19% against the previous year. The market value increased at an average annual rate of +4.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in years to come.

Production of Residential, Commercial and Industrial Lighting Fixture in Eastern Europe

In value terms, production of residential, commercial and industrial lighting fixture expanded to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2016 when the production volume increased by 14%. Over the period under review, production of hit record highs at $X in 2018; afterwards, it flattened through to 2021.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports in Eastern Europe

After three years of decline, shipments abroad of residential, commercial and industrial lighting fixture increased by 11% to X units in 2021. The total export volume increased at an average annual rate of +1.7% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 11%. The volume of export peaked in 2021 and is likely to see gradual growth in the immediate term.

In value terms, exports of residential, commercial and industrial lighting fixture surged to $X in 2021. Total exports indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +28.8% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 22%. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Poland represented the main exporting country with an export of about X units, which reached 35% of total exports. It was distantly followed by Hungary (X units), the Czech Republic (X units), Belarus (X units), Bulgaria (X units), Estonia (X units), Russia (X units) and Romania (X units), together committing a 56% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Belarus (with a CAGR of +20.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X) remains the largest residential, commercial and industrial lighting fixture supplier in Eastern Europe, comprising 43% of total exports. The second position in the ranking was held by Hungary ($X), with a 15% share of total exports. It was followed by the Czech Republic, with a 13% share.

From 2012 to 2021, the average annual growth rate of value in Poland amounted to +17.2%. In the other countries, the average annual rates were as follows: Hungary (+2.5% per year) and the Czech Republic (+3.2% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2021, surging by 8.1% against the previous year. Export price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for residential, commercial and industrial lighting fixture increased by +72.2% against 2012 indices. The pace of growth appeared the most rapid in 2014 an increase of 15%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Romania (+9.8%), while the other leaders experienced more modest paces of growth.

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports in Eastern Europe

In 2021, supplies from abroad of residential, commercial and industrial lighting fixture increased by 14% to X units, rising for the sixth consecutive year after three years of decline. Total imports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +3.6% 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 +75.2% against 2015 indices. The pace of growth appeared the most rapid in 2017 with an increase of 20%. Over the period under review, imports of reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, imports of residential, commercial and industrial lighting fixture surged to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.6% 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 +115.0% against 2015 indices. As a result, imports reached 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 Eastern Europe, with the volume of imports recording X units, which was approx. 39% of total imports in 2021. Poland (X units) took a 21% share (based on physical terms) of total imports, which put it in second place, followed by Hungary (9.2%), Romania (6.4%), Ukraine (5.8%) and the Czech Republic (5.4%). Bulgaria (X units) and Belarus (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +14.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest residential, commercial and industrial lighting fixture importing markets in Eastern Europe were Poland ($X), Russia ($X) and Hungary ($X), with a combined 64% share of total imports. These countries were followed by the Czech Republic, Romania, Ukraine, Bulgaria and Belarus, which together accounted for a further 26%.

Among the main importing countries, Bulgaria, with a CAGR of +15.6%, recorded the highest rates of growth with regard to 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

In 2021, the import price in Eastern Europe amounted to $X per unit, with an increase of 14% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.9%. As a result, import price attained 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 the Czech Republic ($X per unit), while Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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