Luxembourg: Electric Lamp Market 2024

Electric Lamp Market Size in Luxembourg

In 2022, the Luxembourg electric lamp market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption saw mild growth. Electric lamp consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Electric Lamp Production in Luxembourg

In value terms, electric lamp production soared to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a drastic downturn. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Electric lamp production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Electric Lamp Exports

Exports from Luxembourg

In 2022, overseas shipments of electric lamps decreased by X% to X units, falling for the sixth consecutive year after three years of growth. In general, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, electric lamp exports reduced to $X in 2022. Over the period under review, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then reduced in the following year.

Exports by Country

Germany (X units) was the main destination for electric lamp exports from Luxembourg, with a X% share of total exports. Moreover, electric lamp exports to Germany exceeded the volume sent to the second major destination, France (X units), threefold. The third position in this ranking was held by Saudi Arabia (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Saudi Arabia (X% per year).

In value terms, the largest markets for electric lamp exported from Luxembourg were Germany ($X), France ($X) and Cabo Verde ($X), together comprising X% of total exports.

Cabo Verde, with a CAGR of X.6%, recorded the highest growth rate of the value of exports, among 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 electric lamp export price stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2021, and then declined in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Cabo Verde ($X per unit), while the average price for exports to Turkey ($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 Greece (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Lamp Imports

Imports into Luxembourg

In 2022, purchases abroad of electric lamps increased by X% to X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, electric lamp imports soared to $X in 2022. In general, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, India (X units) constituted the largest electric lamp supplier to Luxembourg, accounting for a X% share of total imports. Moreover, electric lamp imports from India exceeded the figures recorded by the second-largest supplier, Belgium (X units), threefold. The third position in this ranking was taken by Germany (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Germany (X% per year).

In value terms, Belgium ($X), Taiwan (Chinese) ($X) and India ($X) appeared to be the largest electric lamp suppliers to Luxembourg, together accounting for X% of total imports.

Taiwan (Chinese), with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average electric lamp import price amounted to $X per unit, declining by X% against the previous year. Over the period under review, the import price saw a noticeable slump. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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