Luxembourg: Market for Residential, Commercial and Industrial Lighting Fixture 2024

Market Size for Residential, Commercial and Industrial Lighting Fixture in Luxembourg

The Luxembourg market for residential, commercial and industrial lighting fixture surged to $X in 2021, jumping by 59% 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). In general, the total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -15.4% against 2019 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports from Luxembourg

In 2021, shipments abroad of residential, commercial and industrial lighting fixture was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, total exports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +2.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of residential, commercial and industrial lighting fixture surged to $X in 2021. Over the period under review, total exports indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at $X in 2014; however, from 2015 to 2021, 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 residential, commercial and industrial lighting fixture from Luxembourg, with a combined 80% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Oman (with a CAGR of +81.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for residential, commercial and industrial lighting fixture exported from Luxembourg were France ($X), Oman ($X) and Belgium ($X), with a combined 74% share of total exports.

Oman, with a CAGR of +69.1%, saw 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

In 2021, the average export price for residential, commercial and industrial lighting fixture amounted to $X per unit, which is down by -16.8% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the average export price increased by 34% 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 Oman ($X per unit), while the average price for exports to Belgium ($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 Austria (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports into Luxembourg

Imports of residential, commercial and industrial lighting fixture into Luxembourg soared to X units in 2021, with an increase of 89% on 2020. Overall, imports saw notable growth. The pace of growth was the most pronounced in 2016 when imports increased by 110% against the previous year. Over the period under review, imports of hit record highs at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, imports of residential, commercial and industrial lighting fixture surged to $X in 2021. Over the period under review, total imports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +83.5% against 2015 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), Belgium (X units) and Austria (X units) were the main suppliers of imports of residential, commercial and industrial lighting fixture to Luxembourg, together accounting for 67% of total imports. These countries were followed by France, the Netherlands, Italy, Spain, Slovakia and China, which together accounted for a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +12.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of residential, commercial and industrial lighting fixture to Luxembourg, comprising 40% of total imports. The second position in the ranking was taken by Belgium ($X), with a 20% share of total imports. It was followed by Austria, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany totaled +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (+7.0% per year) and Austria (+9.5% per year).

Import Prices by Country

In 2021, the average import price for residential, commercial and industrial lighting fixture amounted to $X per unit, falling by -30% against the previous year. Overall, the import price, however, continues to indicate noticeable growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by 164%. As a result, import price attained the peak level of $X per unit, and then reduced sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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