EU: Lamp Plastic Parts Market 2024

Lamp Plastic Parts Market Size in the EU

The EU lamp plastic parts market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, showed a mild descent. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Lamp Plastic Parts Production in the EU

In value terms, lamp plastic parts production dropped slightly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a pronounced slump. The growth pace was the most rapid in 2018 with an increase of 19%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Lamp Plastic Parts Exports

Exports in the EU

In 2021, after three years of decline, there was significant growth in shipments abroad of plastic parts for lamps and lighting fittings, when their volume increased by 9.4% to X tons. Overall, exports continue to indicate a relatively flat trend pattern. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, lamp plastic parts exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +3.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2021, Germany (X tons) represented the key exporter of plastic parts for lamps and lighting fittings, creating 30% of total exports. Hungary (X tons) took a 10% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (7.9%), Austria (7.2%), Slovakia (7.1%), Estonia (5.3%), the Netherlands (5.1%), Poland (5%) and Italy (4.7%).

From 2012 to 2021, average annual rates of growth with regard to lamp plastic parts exports from Germany stood at +6.4%. At the same time, Estonia (+25.9%), the Netherlands (+12.4%), the Czech Republic (+5.4%) and Hungary (+1.1%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing exporter exported in the European Union, with a CAGR of +25.9% from 2012-2021. By contrast, Slovakia (-1.8%), Italy (-5.4%), Austria (-6.3%) and Poland (-9.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Germany, Estonia, the Netherlands and the Czech Republic increased by +11, +4.6, +3.2 and +2.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest lamp plastic parts supplier in the European Union, comprising 31% of total exports. The second position in the ranking was held by Austria ($X), with a 12% share of total exports. It was followed by Italy, with a 7.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Germany amounted to +4.8%. In the other countries, the average annual rates were as follows: Austria (+3.3% per year) and Italy (+0.8% per year).

Export Prices by Country

The export price in the European Union stood at $X per ton in 2021, surging by 14% against the previous year. Over the last nine years, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2018 an increase of 19%. Over the period under review, the export prices reached the peak figure in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Austria ($X per ton), while Estonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (+10.3%), while the other leaders experienced more modest paces of growth.

Lamp Plastic Parts Imports

Imports in the EU

In 2021, after two years of decline, there was significant growth in supplies from abroad of plastic parts for lamps and lighting fittings, when their volume increased by 20% to X tons. The total import volume increased at an average annual rate of +3.6% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, lamp plastic parts imports surged to $X in 2021. The total import value increased at an average annual rate of +6.1% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Spain (X tons), Germany (X tons), Poland (X tons), Estonia (X tons), Austria (X tons), Italy (X tons), Romania (X tons), France (X tons), Belgium (X tons), the Netherlands (X tons), Hungary (X tons) and Denmark (X tons) was the major importer of plastic parts for lamps and lighting fittings in the European Union, committing 86% of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Spain (with a CAGR of +26.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lamp plastic parts importing markets in the European Union were Germany ($X), Spain ($X) and Poland ($X), with a combined 36% share of total imports.

In terms of the main importing countries, Spain, with a CAGR of +19.7%, 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 the European Union stood at $X per ton in 2021, picking up by 5.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2017 an increase of 7.3%. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Italy ($X per ton), while Estonia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+5.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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