Scandinavia: Electric Filament Lamp Market 2024

Electric Filament Lamp Market Size in Scandinavia

After two years of growth, the Scandinavia electric filament lamp market decreased by -18.3% to $X in 2021. Overall, consumption recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Electric Filament Lamp Production in Scandinavia

In value terms, electric filament lamp production reduced notably to $X in 2021 estimated in export price. Overall, production, however, showed a resilient increase. The pace of growth appeared the most rapid in 2013 with an increase of 217%. Over the period under review, production reached the peak level at $X in 2020, and then contracted rapidly in the following year.

Electric Filament Lamp Exports

Exports in Scandinavia

After four years of decline, overseas shipments of electric filament lamps increased by 16% to X units in 2021. Over the period under review, exports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2014 with an increase of 18% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, electric filament lamp exports skyrocketed to $X in 2021. Overall, exports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2014 when exports increased by 22% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Denmark was the key exporter of electric filament lamps in Scandinavia, with the volume of exports finishing at X units, which was approx. 67% of total exports in 2021. It was distantly followed by Sweden (X units), making up a 28% share of total exports. Finland (X units) and Norway (X units) followed a long way behind the leaders.

Denmark was also the fastest-growing in terms of the electric filament lamps exports, with a CAGR of +5.4% from 2012 to 2021. Finland (-4.6%), Sweden (-14.4%) and Norway (-18.8%) illustrated a downward trend over the same period. While the share of Denmark (+43 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Norway (-5.5 p.p.) and Sweden (-37.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest electric filament lamp supplying countries in Scandinavia were Denmark ($X), Sweden ($X) and Finland ($X), together comprising 98% of total exports.

Among the main exporting countries, Denmark, with a CAGR of +1.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, almost unchanged from the previous year. In general, the export price continues to indicate slight growth. The pace of growth was the most pronounced in 2020 an increase of 35%. Over the period under review, the export prices attained the maximum in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sweden ($X per unit), while Denmark ($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 (+6.4%), while the other leaders experienced more modest paces of growth.

Electric Filament Lamp Imports

Imports in Scandinavia

In 2021, the amount of electric filament lamps imported in Scandinavia shrank modestly to X units, remaining stable against the previous year. In general, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2019 when imports increased by 62%. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, electric filament lamp imports soared to $X in 2021. Over the period under review, imports continue to indicate a deep slump. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Denmark represented the major importing country with an import of around X units, which reached 72% of total imports. Sweden (X units) held the second position in the ranking, followed by Norway (X units) and Finland (X units). All these countries together held near 26% share of total imports. Iceland (X units) held a relatively small share of total imports.

Denmark was also the fastest-growing in terms of the electric filament lamps imports, with a CAGR of +17.6% from 2012 to 2021. Iceland (-4.1%), Norway (-15.7%), Finland (-16.8%) and Sweden (-19.1%) illustrated a downward trend over the same period. Denmark (+62 p.p.) significantly strengthened its position in terms of the total imports, while Finland, Norway and Sweden saw its share reduced by -12.2%, -17% and -33% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported electric filament lamps in Scandinavia, comprising 47% of total imports. The second position in the ranking was taken by Norway ($X), with a 22% share of total imports. It was followed by Finland, with a 16% share.

From 2012 to 2021, the average annual growth rate of value in Sweden totaled -8.4%. In the other countries, the average annual rates were as follows: Norway (-13.6% per year) and Finland (-10.8% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per unit, surging by 18% against the previous year. In general, the import price, however, showed a deep downturn. Over the period under review, import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sweden ($X per unit), while Denmark ($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 (+13.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform