EU: Market for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles 2024

Market Size for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in the EU

For the fourth year in a row, the EU 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. The total consumption indicated buoyant growth 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, consumption increased by X% against 2018 indices. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the near future.

Production of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in the EU

In value terms, lighting equipment for motor vehicles production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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

Exports in the EU

In 2022, the amount of electrical lighting or visual signaling equipment for motor vehicles and cycles exported in the European Union declined to X units, falling by X% on the year before. Total exports indicated a temperate 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 most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, lighting equipment for motor vehicles exports shrank to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the Czech Republic (X units), Germany (X units), Slovakia (X units), the Netherlands (X units), Poland (X units), France (X units), Spain (X units), Austria (X units), Romania (X units), Italy (X units) and Slovenia (X units) was the largest exporter of electrical lighting or visual signaling equipment for motor vehicles and cycles in the European Union, committing X% of total export.

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

In value terms, Germany ($X) remains the largest lighting equipment for motor vehicles supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by the Czech Republic ($X), with a X% share of total exports. It was followed by Slovakia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany amounted to X%. In the other countries, the average annual rates were as follows: the Czech Republic (X% per year) and Slovakia (X% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

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

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

Imports in the EU

For the seventh consecutive year, the European Union recorded growth in purchases abroad of electrical lighting or visual signaling equipment for motor vehicles and cycles, which increased by X% to X units in 2022. Over the period under review, imports showed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, lighting equipment for motor vehicles imports contracted modestly to $X in 2022. Total imports indicated prominent growth 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 most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, Germany (X units) represented the largest importer of electrical lighting or visual signaling equipment for motor vehicles and cycles, achieving X% of total imports. Spain (X units) held an X% share (based on physical terms) of total imports, which put it in second place, followed by France (X%), Italy (X%), Slovakia (X%), the Netherlands (X%) and Belgium (X%). The following importers - Poland (X units), the Czech Republic (X units), Sweden (X units), Austria (X units), Hungary (X units) and Portugal (X units) - together made up X% of total imports.

Imports into Germany increased at an average annual rate of X% from 2012 to 2022. At the same time, Spain (X%), Portugal (X%), Italy (X%), Hungary (X%), Poland (X%), Austria (X%), Slovakia (X%), the Netherlands (X%), France (X%), the Czech Republic (X%), Belgium (X%) and Sweden (X%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2022. Spain (X p.p.) and Italy (X p.p.) significantly strengthened its position in terms of the total imports, while Germany saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported electrical lighting or visual signaling equipment for motor vehicles and cycles in the European Union, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with a X% share of total imports. It was followed by France, with a X% share.

In Germany, lighting equipment for motor vehicles imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Spain (X% per year) and France (X% per year).

Import Prices by Country

The import price in the European Union stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the import price showed a deep downturn. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Hungary ($X per unit), while Spain ($X per unit) was 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 import price figures.

Source: IndexBox Platform

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