Portugal: Electric Filament Lamp Market 2024

Electric Filament Lamp Market Size in Portugal

The Portuguese electric filament lamp market soared to $X in 2021, picking up by 22% 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). Overall, the total consumption indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +60.6% against 2019 indices. Electric filament lamp consumption peaked in 2021 and is expected to retain growth in the immediate term.

Electric Filament Lamp Exports

Exports from Portugal

In 2021, electric filament lamp exports from Portugal surged to X units, rising by 30% on the previous year. Over the period under review, exports, however, continue to indicate a deep contraction. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, electric filament lamp exports expanded slightly to $X in 2021. Overall, exports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2014 when exports increased by 18% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Angola (X units), Spain (X units) and Germany (X units) were the main destinations of electric filament lamp exports from Portugal, together accounting for 50% of total exports. These countries were followed by Hungary, Mozambique, Cabo Verde, Mexico and France, which together accounted for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hungary (with a CAGR of +61.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electric filament lamp exported from Portugal were Spain ($X), Angola ($X) and Germany ($X), together comprising 76% of total exports. Mozambique, Hungary, Cabo Verde, Mexico and France lagged somewhat behind, together comprising a further 15%.

Hungary, with a CAGR of +30.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average electric filament lamp export price amounted to $X per unit, reducing by -20% against the previous year. In general, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electric filament lamp export price increased by +75.2% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 119%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Hungary ($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 Spain (+6.9%), while the prices for the other major destinations experienced mixed trend patterns.

Electric Filament Lamp Imports

Imports into Portugal

In 2021, purchases abroad of electric filament lamps increased by 21% to X units, rising for the second consecutive year after four years of decline. Over the period under review, imports, however, saw a noticeable descent. The pace of growth was the most pronounced in 2015 with an increase of 23%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, electric filament lamp imports surged to $X in 2021. Overall, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Spain (X units) constituted the largest supplier of electric filament lamp to Portugal, with a 39% share of total imports. Moreover, electric filament lamp imports from Spain exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), twofold. Germany (X units) ranked third in terms of total imports with an 18% share.

From 2012 to 2021, the average annual growth rate of volume from Spain totaled +3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (-0.3% per year) and Germany (+19.6% per year).

In value terms, Germany ($X), Spain ($X) and the Netherlands ($X) appeared to be the largest electric filament lamp suppliers to Portugal, with a combined 79% share of total imports. These countries were followed by Poland, China, France and Luxembourg, which together accounted for a further 12%.

In terms of the main suppliers, Luxembourg, with a CAGR of +80.3%, recorded the highest growth rate of 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 electric filament lamp import price amounted to $X per unit, with an increase of 3.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2018 an increase of 34% 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 failed to regain momentum.

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 Poland ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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