Slovakia: Non-Electrical Lamp Market 2024

Non-Electrical Lamp Market Size in Slovakia

In 2021, after seven years of growth, there was significant decline in the Slovak non-electrical lamp market, when its value decreased by -26% to $X. Over the period under review, consumption, however, enjoyed a prominent expansion. Over the period under review, the market reached the peak level at $X in 2020, and then reduced remarkably in the following year.

Non-Electrical Lamp Production in Slovakia

In value terms, non-electrical lamp production reduced to $X in 2021 estimated in export price. Overall, production, however, showed strong growth. The pace of growth appeared the most rapid in 2017 with an increase of 151% against the previous year. Non-electrical lamp production peaked at $X in 2020, and then dropped in the following year.

Non-Electrical Lamp Exports

Exports from Slovakia

In 2021, overseas shipments of non-electrical lamps and lighting fittings increased by 105% to X units, rising for the seventh consecutive year after two years of decline. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-electrical lamp exports surged to $X in 2021. Overall, exports showed a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of 64% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Italy (X units), Austria (X units) and the Czech Republic (X units) were the main destinations of non-electrical lamp exports from Slovakia, with a combined 66% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +122.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for non-electrical lamp exported from Slovakia were Italy ($X), Austria ($X) and the Czech Republic ($X), with a combined 62% share of total exports.

Italy, with a CAGR of +88.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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 non-electrical lamp export price amounted to $X per unit, declining by -30.6% against the previous year. In general, the export price recorded a abrupt downturn. The pace of growth was the most pronounced in 2014 when the average export price increased by 30% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the Czech Republic ($X per unit) and Poland ($X per unit), while the average price for exports to Italy ($X per unit) and Croatia ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (-2.3%), while the prices for the other major destinations experienced a decline.

Non-Electrical Lamp Imports

Imports into Slovakia

In 2021, imports of non-electrical lamps and lighting fittings into Slovakia surged to X units, with an increase of 107% on the year before. Overall, imports recorded a prominent expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-electrical lamp imports soared to $X in 2021. In general, total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

Poland (X units), Germany (X units) and the Czech Republic (X units) were the main suppliers of non-electrical lamp imports to Slovakia, with a combined 76% share of total imports. These countries were followed by China, the Netherlands, Hungary, Austria and India, which together accounted for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +144.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Poland ($X) and the Czech Republic ($X) constituted the largest non-electrical lamp suppliers to Slovakia, together comprising 66% of total imports. These countries were followed by the Netherlands, Hungary, China, Austria and India, which together accounted for a further 33%.

Among the main suppliers, Hungary, with a CAGR of +97.4%, 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 2021, the average non-electrical lamp import price amounted to $X per unit, shrinking by -27.6% against the previous year. Over the period under review, the import price saw a perceptible contraction. The most prominent rate of growth was recorded in 2014 an increase of 29%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+2.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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