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

Market Size for Special-Purpose Electric Lamps and Lighting Fittings in the EU

The EU market for special-purpose electric lamps and lighting fittings declined to $X in 2022, falling by -13.9% against the previous year. The market value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X, and then contracted in the following year.

Production of Special-Purpose Electric Lamps and Lighting Fittings in the EU

In value terms, production of special-purpose electric lamps and lighting fittings amounted to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the production volume increased by 7.5%. As a result, production reached the peak level of $X. From 2015 to 2022, production of growth failed to regain momentum.

Exports of Special-Purpose Electric Lamps and Lighting Fittings

Exports in the EU

In 2022, the amount of special-purpose electric lamps and lighting fittings exported in the European Union dropped to X units, which is down by -8.1% against 2021 figures. Total exports indicated a measured increase from 2012 to 2022: its volume increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.0% against 2012 indices. The growth pace was the most rapid in 2021 with an increase of 26% against the previous year. As a result, the exports reached the peak of X units, and then reduced in the following year.

In value terms, exports of special-purpose electric lamps and lighting fittings reduced to $X in 2022. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 21%. As a result, the exports attained the peak of $X, and then declined in the following year.

Exports by Country

The Netherlands (X units), Germany (X units), Poland (X units), Spain (X units), Italy (X units), Belgium (X units) and France (X units) represented roughly 79% of total exports in 2022. The following exporters - Hungary (X units), Austria (X units), Bulgaria (X units), Sweden (X units), Greece (X units) and the Czech Republic (X units) - together made up 14% of total exports.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +25.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest special-purpose electric lamp and lighting fitting supplier in the European Union, comprising 26% of total exports. The second position in the ranking was taken by Poland ($X), with a 12% share of total exports. It was followed by Italy, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany was relatively modest. In the other countries, the average annual rates were as follows: Poland (+17.1% per year) and Italy (+1.6% per year).

Export Prices by Country

The export price in the European Union stood at $X per unit in 2022, leveling off at the previous year. Over the period under review, the export price recorded a mild reduction. The most prominent rate of growth was recorded in 2013 when the export price increased by 9.4%. The level of export peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+4.7%), while the other leaders experienced more modest paces of growth.

Imports of Special-Purpose Electric Lamps and Lighting Fittings

Imports in the EU

In 2022, purchases abroad of special-purpose electric lamps and lighting fittings decreased by -8.4% to X units for the first time since 2019, thus ending a two-year rising trend. Total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +5.3% 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 +7.6% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. As a result, imports reached the peak of X units, and then contracted 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 +3.9% 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 25% against the previous year. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

In 2022, Germany (X units), distantly followed by the Netherlands (X units), France (X units), Poland (X units), Belgium (X units), Spain (X units) and Italy (X units) were the key importers of special-purpose electric lamps and lighting fittings, together creating 70% of total imports. The following importers - Sweden (X units), Austria (X units), Denmark (X units), Hungary (X units), Greece (X units) and Romania (X units) - together made up 16% of total imports.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +14.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 46% share of total imports. Poland, Italy, Belgium, Spain, Sweden, Austria, Denmark, Hungary, Romania and Greece lagged somewhat behind, together accounting for a further 41%.

Among the main importing countries, Greece, with a CAGR of +10.9%, saw 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

In 2022, the import price in the European Union amounted to $X per unit, shrinking by -1.8% against the previous year. In general, the import price saw a mild decline. The growth pace was the most rapid in 2013 an increase of 7.7% against the previous year. The level of import peaked 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 Austria ($X per unit), while Greece ($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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