EU: Market for Residential, Commercial and Industrial Lighting Fixture 2024

Market Size for Residential, Commercial and Industrial Lighting Fixture in the EU

In 2021, the EU market for residential, commercial and industrial lighting fixture was finally on the rise to reach $X after three years of decline. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Residential, Commercial and Industrial Lighting Fixture in the EU

In value terms, production of residential, commercial and industrial lighting fixture rose sharply to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The level of production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports in the EU

In 2021, the amount of residential, commercial and industrial lighting fixture exported in the European Union expanded markedly to X units, growing by 12% against 2020. The total export volume increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of residential, commercial and industrial lighting fixture surged to $X in 2021. The total export value increased at an average annual rate of +4.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 21%. Over the period under review, the exports of attained the peak figure in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The shipments of the nine major exporters of residential, commercial and industrial lighting fixture, namely Spain, Germany, the Netherlands, Poland, Austria, Italy, France, Belgium and Hungary, represented more than two-thirds of total export. Sweden (X units) held a little share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Netherlands (with a CAGR of +15.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest residential, commercial and industrial lighting fixture supplying countries in the European Union were Germany ($X), Italy ($X) and Austria ($X), together accounting for 43% of total exports. These countries were followed by Poland, the Netherlands, Spain, France, Belgium, Hungary and Sweden, which together accounted for a further 42%.

Poland, with a CAGR of +17.2%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per unit in 2021, picking up by 4.4% against the previous year. Over the last nine years, it increased at an average annual rate of +2.0%. The pace of growth was the most pronounced in 2020 an increase of 8.2% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+7.5%), while the other leaders experienced more modest paces of growth.

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports in the EU

Imports of residential, commercial and industrial lighting fixture stood at X units in 2021, increasing by 13% compared with the previous year's figure. The total import volume increased at an average annual rate of +4.2% over the period from 2012 to 2021; however, 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.

In value terms, imports of residential, commercial and industrial lighting fixture soared to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.2% 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 +44.9% against 2014 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of imports of residential, commercial and industrial lighting fixture in 2021 were Germany (X units), France (X units), the Netherlands (X units), Spain (X units), Poland (X units), Italy (X units), Austria (X units) and Belgium (X units), together finishing at 78% of total import. The following importers - Sweden (X units), Hungary (X units), Denmark (X units), Romania (X units) and the Czech Republic (X units) - together made up 13% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Netherlands (with a CAGR of +10.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest residential, commercial and industrial lighting fixture importing markets in the European Union were Germany ($X), France ($X) and the Netherlands ($X), with a combined 45% share of total imports. These countries were followed by Spain, Poland, Austria, Italy, Belgium, Sweden, Denmark, Hungary, the Czech Republic and Romania, which together accounted for a further 45%.

Among the main importing countries, Poland, with a CAGR of +15.3%, 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 2021, the import price in the European Union amounted to $X per unit, rising by 11% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.9%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Denmark ($X per unit), while Hungary ($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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