Greece: Automotive Lighting Market 2025

Automotive Lighting Market Size in Greece

In 2021, after two years of growth, there was decline in the Greek automotive lighting market, when its value decreased by -4.1% to $X. Over the period under review, consumption recorded a deep contraction. Automotive lighting consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Automotive Lighting Production in Greece

In value terms, automotive lighting production dropped to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 when the production volume increased by 16%. Automotive lighting production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Automotive Lighting Exports

Exports from Greece

In 2021, shipments abroad of automotive lighting was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 106%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, automotive lighting exports surged to $X in 2021. In general, exports continue to indicate strong growth. The pace of growth was the most pronounced in 2015 with an increase of 158% against the previous year. The exports peaked at $X in 2018; afterwards, it flattened through to 2021.

Exports by Country

Germany (X units), Turkey (X units) and Bulgaria (X units) were the main destinations of automotive lighting exports from Greece, together accounting for 47% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +176.6%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Turkey ($X) and Bulgaria ($X) constituted the largest markets for automotive lighting exported from Greece worldwide, with a combined 46% share of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +158.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average automotive lighting export price stood at $X per unit in 2021, remaining constant against the previous year. Over the period under review, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2015 an increase of 41% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2021, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Poland ($X per unit) and Turkey ($X per unit), while the average price for exports to Italy ($X per unit) and Belgium ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (-6.2%), while the prices for the other major destinations experienced a decline.

Automotive Lighting Imports

Imports into Greece

In 2021, purchases abroad of automotive lighting increased by 72% to X units, rising for the fifth consecutive year after three years of decline. Over the period under review, imports saw a buoyant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, automotive lighting imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +4.8% 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

In 2021, Taiwan (Chinese) (X units) constituted the largest supplier of automotive lighting to Greece, with a 38% share of total imports. Moreover, automotive lighting imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Germany (X units) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) totaled +12.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+13.1% per year) and Germany (+8.9% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of automotive lighting to Greece, comprising 38% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by Germany, with a 9.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Taiwan (Chinese) stood at +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.4% per year) and Germany (+0.5% per year).

Import Prices by Country

The average automotive lighting import price stood at $X per unit in 2021, waning by -22% against the previous year. In general, the import price continues to indicate a deep setback. The growth pace was the most rapid in 2014 when the average import price increased by 14% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Turkey ($X per unit) and Bulgaria ($X per unit), while the price for Italy ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (-7.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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