Europe: Market for Ballasts For Discharge Lamps Or Tubes 2024

Market Size for Ballasts For Discharge Lamps Or Tubes in Europe

The Europe ballast for discharge lamp market dropped sharply to $X in 2021, declining by -33.8% against the previous year. Over the period under review, consumption, however, posted a strong expansion. As a result, consumption reached the peak level of $X, and then declined rapidly in the following year.

Production of Ballasts For Discharge Lamps Or Tubes in Europe

In value terms, ballast for discharge lamp production shrank markedly to $X in 2021 estimated in export price. In general, production saw a deep downturn. The growth pace was the most rapid in 2020 when the production volume increased by 40%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Ballasts For Discharge Lamps Or Tubes

Exports in Europe

In 2021, exports of ballasts for discharge lamps or tubes in Europe declined modestly to X units, approximately reflecting the previous year's figure. Over the period under review, exports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 1,467%. As a result, the exports attained the peak of X units, leveling off in the following year.

In value terms, ballast for discharge lamp exports stood at $X in 2021. In general, exports, however, recorded resilient growth. The pace of growth was the most pronounced in 2020 with an increase of 982% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Italy (X units) and Poland (X units) represented the major exporters of ballasts for discharge lamps or tubes in 2021, accounting for approx. 29% and 23% of total exports, respectively. Germany (X units) held a 14% share (based on physical terms) of total exports, which put it in second place, followed by Bulgaria (12%) and Spain (4.7%). The following exporters - the UK (X units) and Denmark (X units) - each recorded a 4.3% share of total exports.

From 2012 to 2021, the biggest increases were in Denmark (with a CAGR of +37.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Germany ($X) and Poland ($X) constituted the countries with the highest levels of exports in 2021, together comprising 66% of total exports. The UK, Bulgaria, Spain and Denmark lagged somewhat behind, together accounting for a further 10%.

Denmark, with a CAGR of +168.0%, recorded 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 Europe stood at $X per unit in 2021, growing by 9.5% against the previous year. Overall, the export price, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 an increase of 22% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the UK ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+94.4%), while the other leaders experienced more modest paces of growth.

Imports of Ballasts For Discharge Lamps Or Tubes

Imports in Europe

In 2021, the amount of ballasts for discharge lamps or tubes imported in Europe declined modestly to X units, waning by -2.2% against the previous year. Over the period under review, imports, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2020 with an increase of 511%. As a result, imports reached the peak of X units, and then reduced slightly in the following year.

In value terms, ballast for discharge lamp imports rose rapidly to $X in 2021. Overall, imports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 479%. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

The countries with the highest levels of ballast for discharge lamp imports in 2021 were Spain (X units), Germany (X units), Poland (X units) and Russia (X units), together amounting to 49% of total import. The Netherlands (X units) took a 5.1% share (based on physical terms) of total imports, which put it in second place, followed by the UK (4.9%), Italy (4.9%) and Denmark (4.6%). The Czech Republic (X units), France (X units), Estonia (X units), Sweden (X units) and Portugal (X units) held a relatively small share of total imports.

From 2012 to 2021, the biggest increases were in Denmark (with a CAGR of +105.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ballast for discharge lamp importing markets in Europe were Spain ($X), Germany ($X) and Poland ($X), together comprising 38% of total imports.

Spain, with a CAGR of +142.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries 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 Europe stood at $X per unit in 2021, surging by 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.6%. The pace of growth appeared the most rapid in 2013 an increase of 16%. Over the period under review, import prices attained the peak figure in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the Czech Republic ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Estonia (+196.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform