Portugal: Portable Electric Lamp Market 2024

Portable Electric Lamp Market Size in Portugal

The Portuguese portable electric lamp market soared to $X in 2022, increasing by 40% 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, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +61.2% against 2020 indices. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Portable Electric Lamp Exports

Exports from Portugal

In 2022, shipments abroad of portable electric lamps was finally on the rise to reach X units after two years of decline. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 69%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, portable electric lamp exports skyrocketed to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Spain (X units) was the main destination for portable electric lamp exports from Portugal, with a 34% share of total exports. Moreover, portable electric lamp exports to Spain exceeded the volume sent to the second major destination, Angola (X units), twofold. The UK (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Spain amounted to -2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Angola (-9.7% per year) and the UK (+105.6% per year).

In value terms, Spain ($X), Angola ($X) and Germany ($X) constituted the largest markets for portable electric lamp exported from Portugal worldwide, together comprising 58% of total exports. France, the UK, Brazil, Mozambique, the Czech Republic, Poland, Italy, Austria and Chile lagged somewhat behind, together comprising a further 31%.

Among the main countries of destination, Austria, with a CAGR of +230.1%, recorded the highest rates of growth with regard to 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 portable electric lamp export price stood at $X per unit in 2022, waning by -14.7% against the previous year. Over the period under review, the export price, however, continues to indicate mild growth. The pace of growth appeared the most rapid in 2021 an increase of 40% against the previous year. As a result, the export price attained the peak level of $X per unit, and then fell in the following year.

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 France ($X per unit), while the average price for exports to Chile ($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 Italy (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Portable Electric Lamp Imports

Imports into Portugal

After two years of decline, purchases abroad of portable electric lamps increased by 40% to X units in 2022. Over the period under review, imports saw a relatively flat trend pattern. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, portable electric lamp imports skyrocketed to $X in 2022. In general, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.3% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), Spain (X units) and the Netherlands (X units) were the main suppliers of portable electric lamp imports to Portugal, together comprising 69% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +16.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest portable electric lamp suppliers to Portugal were Germany ($X), Spain ($X) and France ($X), with a combined 67% share of total imports.

Germany, with a CAGR of +14.6%, 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 portable electric lamp import price stood at $X per unit in 2022, surging by 4.8% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, portable electric lamp import price increased by +59.3% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 41% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+27.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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