Europe: Lamp Plastic Parts Market 2024

Lamp Plastic Parts Market Size in Europe

The Europe lamp plastic parts market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, recorded a pronounced downturn. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Lamp Plastic Parts Production in Europe

In value terms, lamp plastic parts production contracted modestly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a perceptible setback. The growth pace was the most rapid in 2017 with an increase of 12%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Lamp Plastic Parts Exports

Exports in Europe

In 2021, shipments abroad of plastic parts for lamps and lighting fittings was finally on the rise to reach X tons after three years of decline. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 9.1%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, lamp plastic parts exports soared to $X in 2021. The total export value increased at an average annual rate of +3.6% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany represented the major exporter of plastic parts for lamps and lighting fittings in Europe, with the volume of exports reaching X tons, which was near 28% of total exports in 2021. Hungary (X tons) took the second position in the ranking, followed by the Czech Republic (X tons), Austria (X tons), Slovakia (X tons), Estonia (X tons), the Netherlands (X tons) and Poland (X tons). All these countries together held near 45% share of total exports. The following exporters - Italy (X tons), Belgium (X tons), Spain (X tons), Belarus (X tons) and the UK (X tons) - together made up 16% of total exports.

Exports from Germany increased at an average annual rate of +6.4% from 2012 to 2021. At the same time, Estonia (+25.9%), the Netherlands (+12.4%), Spain (+5.5%), the Czech Republic (+5.4%), Belarus (+3.9%), the UK (+3.2%) and Hungary (+1.1%) displayed positive paces of growth. Moreover, Estonia emerged as the fastest-growing exporter exported in Europe, with a CAGR of +25.9% from 2012-2021. By contrast, Slovakia (-1.8%), Italy (-5.4%), Austria (-6.3%), Belgium (-7.2%) and Poland (-9.5%) illustrated a downward trend over the same period. Germany (+11 p.p.), Estonia (+4.3 p.p.), the Netherlands (+3 p.p.) and the Czech Republic (+2.5 p.p.) significantly strengthened its position in terms of the total exports, while Slovakia, Italy, Belgium, Austria and Poland saw its share reduced by -1.8%, -3.4%, -4.5%, -6.3% and -7.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) remains the largest lamp plastic parts supplier in Europe, comprising 30% of total exports. The second position in the ranking was taken by Austria ($X), with an 11% share of total exports. It was followed by Italy, with a 6.9% share.

In Germany, lamp plastic parts exports increased at an average annual rate of +4.8% over the period from 2012-2021. 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

In 2021, the export price in Europe amounted to $X per ton, rising by 15% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. The most prominent rate of growth was recorded in 2018 when the export price increased by 18% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Austria ($X per ton), while Belarus ($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 Europe

After two years of decline, supplies from abroad of plastic parts for lamps and lighting fittings increased by 16% to X tons in 2021. The total import volume increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, lamp plastic parts imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +5.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the twelve major importers of plastic parts for lamps and lighting fittings, namely Spain, Germany, Poland, the UK, Estonia, Austria, Russia, Italy, Romania, France, Belgium and the Netherlands, represented more than two-thirds of total import. Hungary (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading 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 Europe were Germany ($X), Spain ($X) and Poland ($X), with a combined 29% share of total imports.

Spain, with a CAGR of +19.7%, recorded the highest growth rate of 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 ton in 2021, growing by 8.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. As a result, import price reached the peak level 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