Luxembourg: Market for Special-Purpose Electric Lamps and Lighting Fittings 2024

Market Size for Special-Purpose Electric Lamps and Lighting Fittings in Luxembourg

The Luxembourg market for special-purpose electric lamps and lighting fittings shrank modestly to $X in 2022, with a decrease of -3.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a relatively flat trend pattern. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Exports of Special-Purpose Electric Lamps and Lighting Fittings

Exports from Luxembourg

In 2022, overseas shipments of special-purpose electric lamps and lighting fittings decreased by -3.1% to X units, falling for the third consecutive year after three years of growth. Overall, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 111% against the previous year. Over the period under review, the exports of hit record highs at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of special-purpose electric lamps and lighting fittings reduced to $X in 2022. Over the period under review, exports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of 104% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Belgium (X units), France (X units) and Oman (X units) were the main destinations of exports of special-purpose electric lamps and lighting fittings from Luxembourg, together accounting for 93% of total exports. The Netherlands and Germany lagged somewhat behind, together accounting for a further 6.1%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +31.0%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), France ($X) and Oman ($X) appeared to be the largest markets for special-purpose electric lamp and lighting fitting exported from Luxembourg worldwide, with a combined 94% share of total exports. Germany and the Netherlands lagged somewhat behind, together comprising a further 5.1%.

In terms of the main countries of destination, the Netherlands, with a CAGR of +23.5%, 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 export price for special-purpose electric lamps and lighting fittings stood at $X per unit in 2022, with a decrease of -8.6% against the previous year. In general, the export price recorded a pronounced curtailment. The pace of growth appeared the most rapid in 2021 when the average export price increased by 47%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Oman ($X per unit), while the average price for exports to the Netherlands ($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 Germany (+2.3%), while the prices for the other major destinations experienced a decline.

Imports of Special-Purpose Electric Lamps and Lighting Fittings

Imports into Luxembourg

In 2022, the amount of special-purpose electric lamps and lighting fittings imported into Luxembourg contracted modestly to X units, falling by -3.7% against 2021 figures. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 44%. Over the period under review, imports of hit record highs at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of special-purpose electric lamps and lighting fittings contracted slightly to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when imports increased by 29%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Germany (X units) and Belgium (X units) were the main suppliers of imports of special-purpose electric lamps and lighting fittings to Luxembourg, with a combined 62% share of total imports. France, Poland, Spain, Italy and the Netherlands lagged somewhat behind, together accounting for a further 26%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +51.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest special-purpose electric lamp and lighting fitting suppliers to Luxembourg were Germany ($X), Belgium ($X) and China ($X), with a combined 62% share of total imports. France, Spain, Poland, the Netherlands and Italy lagged somewhat behind, together comprising a further 24%.

Spain, with a CAGR of +53.8%, saw the highest rates of growth with regard to 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

The average import price for special-purpose electric lamps and lighting fittings stood at $X per unit in 2022, approximately mirroring the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 21%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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