Europe: Electronic Lamp Machine Market 2024

Electronic Lamp Machine Market Size in Europe

The Europe electronic lamp machine market rose markedly to $X in 2021, surging by 11% against the previous year. The market value increased at an average annual rate of +2.0% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2017; afterwards, it flattened through to 2021.

Electronic Lamp Machine Production in Europe

In value terms, electronic lamp machine production shrank slightly to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 24%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Electronic Lamp Machine Exports

Exports in Europe

For the third consecutive year, Europe recorded decline in shipments abroad of machines for electric or electronic lamps, tubes, valves or flashbulbs, which decreased by -42.3% to X units in 2021. In general, exports showed a deep downturn. The pace of growth was the most pronounced in 2018 when exports increased by 30% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, electronic lamp machine exports dropped dramatically to $X in 2021. Overall, exports showed a deep setback. The pace of growth appeared the most rapid in 2014 with an increase of 72%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Italy (X units), the UK (X units) and France (X units), together accounting for 90% of total export. It was distantly followed by Belgium (X units), mixing up a 6.9% share of total exports. The Netherlands (X units) held a little share of total exports.

From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +45.6%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the UK ($X), Italy ($X) and France ($X) were the countries with the highest levels of exports in 2021, together accounting for 94% of total exports. Belgium and the Netherlands lagged somewhat behind, together comprising a further 4.6%.

Belgium, with a CAGR of +14.0%, 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 a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Europe amounted to $X per unit, with an increase of 7% against the previous year. Export price indicated pronounced growth from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the export price increased by 46%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Netherlands ($X per unit), while Belgium ($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 UK (+14.8%), while the other leaders experienced more modest paces of growth.

Electronic Lamp Machine Imports

Imports in Europe

Electronic lamp machine imports rose rapidly to X units in 2021, with an increase of 9% against the previous year's figure. Overall, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 44%. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, electronic lamp machine imports soared to $X in 2021. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 26% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Italy (X units) represented the major importer of machines for electric or electronic lamps, tubes, valves or flashbulbs, making up 29% of total imports. Germany (X units) took the second position in the ranking, followed by Spain (X units), Slovakia (X units), Ireland (X units), Belgium (X units), Romania (X units), Ukraine (X units) and the Netherlands (X units). All these countries together took near 56% share of total imports.

Imports into Italy increased at an average annual rate of +4.8% from 2012 to 2021. At the same time, Spain (+47.1%), the Netherlands (+44.7%), Belgium (+24.3%), Slovakia (+17.3%), Germany (+8.6%) and Ireland (+3.3%) displayed positive paces of growth. Moreover, Spain emerged as the fastest-growing importer imported in Europe, with a CAGR of +47.1% from 2012-2021. By contrast, Ukraine (-11.3%) and Romania (-12.5%) illustrated a downward trend over the same period. Italy (+18 p.p.), Germany (+8.7 p.p.), Spain (+8.6 p.p.), Slovakia (+6.8 p.p.), Belgium (+5 p.p.), the Netherlands (+4.7 p.p.) and Ireland (+3.7 p.p.) significantly strengthened its position in terms of the total imports, while Ukraine and Romania saw its share reduced by -3.9% and -5.6% from 2012 to 2021, respectively.

In value terms, Italy ($X) constitutes the largest market for imported machines for electric or electronic lamps, tubes, valves or flashbulbs in Europe, comprising 31% of total imports. The second position in the ranking was held by Germany ($X), with a 14% share of total imports. It was followed by Slovakia, with a 12% share.

From 2012 to 2021, the average annual growth rate of value in Italy totaled +17.1%. In the other countries, the average annual rates were as follows: Germany (+8.9% per year) and Slovakia (+24.5% per year).

Import Prices by Country

In 2021, the import price in Europe amounted to $X per unit, rising by 6.4% against the previous year. Import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electronic lamp machine import price increased by +42.7% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 34% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Ukraine ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+39.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform