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

Market Size for Special-Purpose Electric Lamps and Lighting Fittings in the Russian Federation

The Russian market for special-purpose electric lamps and lighting fittings expanded markedly to $X in 2022, growing by 5.7% against the previous year. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Production of Special-Purpose Electric Lamps and Lighting Fittings in the Russian Federation

In value terms, production of special-purpose electric lamps and lighting fittings declined modestly to $X in 2022 estimated in export price. Overall, the total production indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -23.1% against 2017 indices. The pace of growth was the most pronounced in 2017 with an increase of 61%. As a result, production reached the peak level of $X. From 2018 to 2022, production of growth remained at a somewhat lower figure.

Exports of Special-Purpose Electric Lamps and Lighting Fittings

Exports from the Russian Federation

In 2021, exports of special-purpose electric lamps and lighting fittings from Russia declined slightly to X units, reducing by -2.8% compared with the previous year's figure. In general, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 45% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of special-purpose electric lamps and lighting fittings soared to $X in 2021. Overall, total exports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +61.7% against 2016 indices. The pace of growth appeared the most rapid in 2017 with an increase of 35%. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in the near future.

Exports by Country

Kazakhstan (X units), Belarus (X units) and Ukraine (X units) were the main destinations of exports of special-purpose electric lamps and lighting fittings from Russia, together accounting for 76% of total exports. Armenia, Serbia, Germany, Uzbekistan, Angola and Bulgaria lagged somewhat behind, together accounting for a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Angola (with a CAGR of +120.5%), while the other leaders experienced more modest paces of growth.

In value terms, Kazakhstan ($X), Belarus ($X) and Ukraine ($X) appeared to be the largest markets for special-purpose electric lamp and lighting fitting exported from Russia worldwide, together comprising 67% of total exports. Germany, Serbia, Armenia, Bulgaria, Uzbekistan and Angola lagged somewhat behind, together accounting for a further 18%.

In terms of the main countries of destination, Serbia, with a CAGR of +65.1%, 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

In 2021, the average export price for special-purpose electric lamps and lighting fittings amounted to $X per unit, jumping by 26% against the previous year. Over the period under review, export price indicated tangible growth from 2012 to 2021: its price increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 an increase of 40% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Angola ($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 Kazakhstan (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Special-Purpose Electric Lamps and Lighting Fittings

Imports into the Russian Federation

In 2022, approx. X units of special-purpose electric lamps and lighting fittings were imported into Russia; surging by 1.5% on 2021. Over the period under review, imports, however, continue to indicate a slight downturn. The most prominent rate of growth was recorded in 2017 when imports increased by 51% against the previous year. Over the period under review, imports of hit record highs at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, imports of special-purpose electric lamps and lighting fittings dropped to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 68% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of special-purpose electric lamp and lighting fitting to Russia, accounting for a 96% share of total imports. It was followed by Turkey (X units), with a 1.5% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest.

In value terms, China ($X) constituted the largest supplier of special-purpose electric lamps and lighting fittings to Russia, comprising 64% of total imports. The second position in the ranking was taken by Turkey ($X), with a 3.1% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest.

Import Prices by Country

The average import price for special-purpose electric lamps and lighting fittings stood at $X per unit in 2022, reducing by -9.3% against the previous year. Over the period under review, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the average import price increased by 29%. Over the period under review, average import prices attained the peak figure at $X per unit in 2021, and then dropped in the following year.

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 Turkey ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+2.8%).

Source: IndexBox Platform

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