Scandinavia: Lamp Holder Market 2024

Lamp Holder Market Size in Scandinavia

In 2022, the Scandinavia lamp holder market increased by 9.8% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.6% 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 +37.6% against 2020 indices. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Lamp Holder Production in Scandinavia

In value terms, lamp holder production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2020 when the production volume increased by 28% against the previous year. The level of production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Lamp Holder Exports

Exports in Scandinavia

After two years of growth, shipments abroad of lamp holders, plugs and sockets decreased by -11.1% to X tons in 2022. In general, exports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 25%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, lamp holder exports declined to $X in 2022. Overall, exports showed a perceptible decrease. The growth pace was the most rapid in 2021 with an increase of 25% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden was the main exporter of lamp holders, plugs and sockets in Scandinavia, with the volume of exports amounting to X tons, which was approx. 69% of total exports in 2022. Finland (X tons) ranks second in terms of the total exports with a 19% share, followed by Norway (12%).

Sweden was also the fastest-growing in terms of the lamp holders, plugs and sockets exports, with a CAGR of -2.9% from 2012 to 2022. Norway (-4.1%) and Finland (-4.2%) illustrated a downward trend over the same period. While the share of Sweden (+2.9 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Finland (-1.8 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest lamp holder supplier in Scandinavia, comprising 64% of total exports. The second position in the ranking was held by Finland ($X), with a 27% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Sweden was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Finland (-3.9% per year) and Norway (-5.5% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, declining by -2.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. The pace of growth appeared the most rapid in 2016 when the export price increased by 8.5% against the previous year. The level of export peaked at $X per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+2.1%), while the other leaders experienced mixed trends in the export price figures.

Lamp Holder Imports

Imports in Scandinavia

In 2022, supplies from abroad of lamp holders, plugs and sockets increased by 11% to X tons, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 25%. The volume of import peaked in 2022 and is expected to retain growth in years to come.

In value terms, lamp holder imports dropped modestly to $X in 2022. The total import value increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. As a result, imports attained the peak of $X, leveling off in the following year.

Imports by Country

Sweden was the main importer of lamp holders, plugs and sockets in Scandinavia, with the volume of imports finishing at X tons, which was approx. 51% of total imports in 2022. Norway (X tons) took the second position in the ranking, followed by Finland (X tons). All these countries together held near 49% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of +8.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Norway ($X) and Finland ($X) constituted the countries with the highest levels of imports in 2022.

Among the main importing countries, Finland, with a CAGR of +4.7%, 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 2022, the import price in Scandinavia amounted to $X per ton, dropping by -10.6% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of 18% against the previous year. Over the period under review, import prices attained the peak figure at $X per ton in 2021, and then declined in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Finland ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+4.2%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform