Finland: Portable Electric Lamp Market 2024

Portable Electric Lamp Market Size in Finland

The Finnish portable electric lamp market fell to $X in 2022, reducing by -10.7% against the previous year. The market value increased at an average annual rate of +3.5% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then declined in the following year.

Portable Electric Lamp Production in Finland

In value terms, portable electric lamp production stood at $X in 2022 estimated in export price. Over the period under review, production saw a abrupt contraction. The pace of growth appeared the most rapid in 2019 with an increase of 136%. Portable electric lamp production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Portable Electric Lamp Exports

Exports from Finland

In 2022, overseas shipments of portable electric lamps decreased by -32.3% to X units for the first time since 2016, thus ending a five-year rising trend. Over the period under review, total exports indicated mild growth from 2012 to 2022: its volume increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 31%. As a result, the exports reached the peak of X units, and then fell dramatically in the following year.

In value terms, portable electric lamp exports dropped remarkably to $X in 2022. Overall, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. As a result, the exports attained the peak of $X, and then dropped dramatically in the following year.

Exports by Country

Sweden (X units), Estonia (X units) and Norway (X units) were the main destinations of portable electric lamp exports from Finland, together accounting for 70% of total exports. Germany, Lithuania, Latvia, Italy, Russia and the United Arab Emirates lagged somewhat behind, together comprising a further 19%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lithuania (with a CAGR of +19.6%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X) remains the key foreign market for portable electric lamps exports from Finland, comprising 59% of total exports. The second position in the ranking was held by Germany ($X), with a 13% share of total exports. It was followed by Estonia, with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Sweden amounted to +30.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-2.5% per year) and Estonia (+11.9% per year).

Export Prices by Country

In 2022, the average portable electric lamp export price amounted to $X per unit, surging by 25% against the previous year. Overall, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, portable electric lamp export price increased by +94.1% against 2013 indices. As a result, the export 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 suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Latvia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+23.9%), while the prices for the other major destinations experienced more modest paces of growth.

Portable Electric Lamp Imports

Imports into Finland

In 2022, the amount of portable electric lamps imported into Finland plummeted to X units, which is down by -17.4% against 2021. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 23%. Imports peaked at X units in 2021, and then dropped markedly in the following year.

In value terms, portable electric lamp imports fell to $X in 2022. Overall, total imports indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.3% against 2013 indices. The pace of growth was the most pronounced in 2021 with an increase of 42% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, China (X units) constituted the largest portable electric lamp supplier to Finland, with a 86% share of total imports. Moreover, portable electric lamp imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. Japan (X units) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.5% per year) and Japan (+27.0% per year).

In value terms, China ($X) constituted the largest supplier of portable electric lamps to Finland, comprising 87% of total imports. The second position in the ranking was held by Germany ($X), with a 2% share of total imports. It was followed by the United States, with a 2% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.2% per year) and the United States (-9.1% per year).

Import Prices by Country

The average portable electric lamp import price stood at $X per unit in 2022, rising by 7.4% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, portable electric lamp import price increased by +59.0% against 2015 indices. The pace of growth appeared the most rapid in 2021 an increase of 16%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+17.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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