Scandinavia: Market for Ballasts For Discharge Lamps Or Tubes 2025

Market Size for Ballasts For Discharge Lamps Or Tubes in Scandinavia

In 2021, the Scandinavia ballast for discharge lamp market increased by 21% to $X, rising for the second year in a row after seven years of decline. Overall, consumption enjoyed a buoyant increase. The level of consumption peaked in 2021 and is expected to retain growth in the near future.

Production of Ballasts For Discharge Lamps Or Tubes in Scandinavia

In value terms, ballast for discharge lamp production fell remarkably to $X in 2021 estimated in export price. In general, production, however, showed a sharp decrease. The growth pace was the most rapid in 2020 when the production volume decreased by -6.7% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Ballasts For Discharge Lamps Or Tubes

Exports in Scandinavia

In 2021, shipments abroad of ballasts for discharge lamps or tubes increased by 60% to X units, rising for the second year in a row after five years of decline. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2020 with an increase of 2,496%. The volume of export peaked in 2021 and is likely to continue growth in years to come.

In value terms, ballast for discharge lamp exports surged to $X in 2021. Overall, exports recorded a resilient increase. The growth pace was the most rapid in 2020 with an increase of 96%. The level of export peaked in 2021 and is likely to see steady growth in years to come.

Exports by Country

Denmark represented the key exporter of ballasts for discharge lamps or tubes in Scandinavia, with the volume of exports resulting at X units, which was near 70% of total exports in 2021. It was distantly followed by Sweden (X units), mixing up a 28% share of total exports. Norway (X units) held a little share of total exports.

Exports from Denmark increased at an average annual rate of +37.9% from 2012 to 2021. At the same time, Sweden (+197.6%) and Norway (+5.9%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +197.6% from 2012-2021. From 2012 to 2021, the share of Denmark and Sweden increased by +70 and +28 percentage points, respectively.

In value terms, Sweden ($X), Denmark ($X) and Norway ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 100% of total exports.

Denmark, with a CAGR of +168.0%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, with an increase of 5.1% against the previous year. In general, the export price, however, showed a significant contraction. The pace of growth was the most pronounced in 2017 an increase of 165%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of origin: the country with the highest price was Norway ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+94.4%), while the other leaders experienced a decline in the export price figures.

Imports of Ballasts For Discharge Lamps Or Tubes

Imports in Scandinavia

In 2021, supplies from abroad of ballasts for discharge lamps or tubes increased by 32% to X units, rising for the second year in a row after five years of decline. Overall, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 1,513% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

In value terms, ballast for discharge lamp imports surged to $X in 2021. In general, imports showed a strong increase. The pace of growth was the most pronounced in 2020 when imports increased by 313% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in the near future.

Imports by Country

In 2021, Denmark (X units) represented the largest importer of ballasts for discharge lamps or tubes, mixing up 54% of total imports. Sweden (X units) held the second position in the ranking, distantly followed by Finland (X units). All these countries together held near 43% share of total imports. Norway (X units) took a relatively small share of total imports.

Denmark was also the fastest-growing in terms of the ballasts for discharge lamps or tubes imports, with a CAGR of +105.8% from 2012 to 2021. At the same time, Finland (+36.8%) displayed positive paces of growth. By contrast, Norway (-20.0%) and Sweden (-25.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Denmark, Sweden and Finland increased by +54, +25 and +18 percentage points, respectively.

In value terms, Finland ($X) constitutes the largest market for imported ballasts for discharge lamps or tubes in Scandinavia, comprising 50% of total imports. The second position in the ranking was held by Norway ($X), with a 21% share of total imports. It was followed by Sweden, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Finland totaled +41.6%. In the other countries, the average annual rates were as follows: Norway (-9.7% per year) and Sweden (-5.6% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per unit, falling by -4.9% against the previous year. Overall, the import price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2018 when the import price increased by 26% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Norway ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+26.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform