Greece: Bicycle Lighting Market 2025

Bicycle Lighting Market Size in Greece

The Greek bicycle lighting market skyrocketed to $X in 2021, growing by 305% against the previous year. Overall, consumption saw pronounced growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Bicycle Lighting Production in Greece

In value terms, bicycle lighting production surged to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Bicycle Lighting Exports

Exports from Greece

In 2021, the amount of electrical or battery operated lighting or visual signalling for bicycles exported from Greece declined sharply to X units, falling by -49.1% compared with 2020 figures. In general, exports showed a slight shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 18,701% against the previous year. As a result, the exports reached the peak of X units, and then fell sharply in the following year.

In value terms, bicycle lighting exports shrank markedly to $X in 2021. Overall, exports recorded a perceptible setback. The pace of growth appeared the most rapid in 2018 with an increase of 18,642% against the previous year. The exports peaked at $X in 2020, and then fell significantly in the following year.

Exports by Country

Italy (X units) was the main destination for bicycle lighting exports from Greece, with a 50% share of total exports. Moreover, bicycle lighting exports to Italy exceeded the volume sent to the second major destination, Hungary (X units), threefold. The Czech Republic (X units) ranked third in terms of total exports with a 9.3% share.

From 2012 to 2021, the average annual growth rate of volume to Italy totaled +91.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+106.4% per year) and the Czech Republic (-48.2% per year).

In value terms, the largest markets for bicycle lighting exported from Greece were Iceland ($X), Italy ($X) and Hungary ($X), together comprising 74% of total exports. The Czech Republic, Cyprus, Germany and Poland lagged somewhat behind, together accounting for a further 10%.

Germany, with a CAGR of +118.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bicycle lighting export price stood at $X per unit in 2021, increasing by 45% against the previous year. Over the period under review, the export price, however, showed a slight downturn. The pace of growth was the most pronounced in 2019 when the average export price increased by 297% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Iceland ($X per unit), while the average price for exports to Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cyprus (-9.0%), while the prices for the other major destinations experienced a decline.

Bicycle Lighting Imports

Imports into Greece

In 2021, supplies from abroad of electrical or battery operated lighting or visual signalling for bicycles increased by 243% to X units, rising for the third consecutive year after two years of decline. Over the period under review, imports recorded a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, bicycle lighting imports soared to $X in 2021. Overall, imports posted a modest increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), the Czech Republic (X units) and Germany (X units) were the main suppliers of bicycle lighting imports to Greece, together accounting for 90% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of +623.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the Czech Republic ($X) and Germany ($X) appeared to be the largest bicycle lighting suppliers to Greece, with a combined 91% share of total imports.

In terms of the main suppliers, the Czech Republic, with a CAGR of +570.3%, saw the highest rates of growth with regard to 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

In 2021, the average bicycle lighting import price amounted to $X per unit, which is down by -29.2% against the previous year. Over the period under review, the import price saw a abrupt decline. The growth pace was the most rapid in 2018 an increase of 58% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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