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

Market Size for Residential, Commercial and Industrial Lighting Fixture in Europe

In 2021, the Europe 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 +2.7% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Residential, Commercial and Industrial Lighting Fixture in Europe

In value terms, production of residential, commercial and industrial lighting fixture stood at $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. Over the period under review, production of reached the maximum level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports in Europe

In 2021, exports of residential, commercial and industrial lighting fixture in Europe rose remarkably to X units, surging by 13% on 2020. The total export volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of residential, commercial and industrial lighting fixture skyrocketed to $X in 2021. The total export value increased at an average annual rate of +5.0% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 19%. The level of export peaked in 2021 and is likely to see steady growth in the near future.

Exports by Country

The shipments of the twelve major exporters of residential, commercial and industrial lighting fixture, namely Spain, Germany, the Netherlands, Poland, Austria, Italy, France, Belgium, Hungary, the UK, Sweden and the Czech Republic, represented more than two-thirds of total export.

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, Germany ($X), Italy ($X) and Austria ($X) constituted the countries with the highest levels of exports in 2021, with a combined 39% share of total exports. These countries were followed by Poland, the Netherlands, Spain, France, Belgium, the UK, Hungary, Sweden and the Czech Republic, which together accounted for a further 46%.

Poland, with a CAGR of +17.2%, 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, increasing by 4.6% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.1%. The growth pace was the most rapid in 2020 an increase of 7.6%. The level of export peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 Europe

For the third consecutive year, Europe recorded growth in purchases abroad of residential, commercial and industrial lighting fixture, which increased by 15% to X units in 2021. The total import volume increased at an average annual rate of +3.6% 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 reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of residential, commercial and industrial lighting fixture skyrocketed to $X in 2021. The total import value increased at an average annual rate of +5.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The purchases of the ten major importers of residential, commercial and industrial lighting fixture, namely Germany, France, Russia, the UK, the Netherlands, Spain, Poland, Italy, Austria and Belgium, represented more than two-thirds of total import. The following importers - Sweden (X units), Hungary (X units) and Denmark (X units) - each resulted at a 6.4% share of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +10.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest residential, commercial and industrial lighting fixture importing markets in Europe were Germany ($X), France ($X) and the UK ($X), with a combined 36% share of total imports. These countries were followed by the Netherlands, Spain, Poland, Austria, Russia, Italy, Belgium, Sweden, Denmark and Hungary, which together accounted for a further 44%.

In terms of 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

The import price in Europe stood at $X per unit in 2021, with an increase of 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. 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 ($X per unit), while Russia ($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 (+4.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform