Slovakia: Lamp Plastic Parts Market 2024

Lamp Plastic Parts Market Size in Slovakia

After four years of decline, the Slovak lamp plastic parts market increased by 2,219% to $X in 2021. Over the period under review, consumption, however, faced a deep downturn. Lamp plastic parts consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Lamp Plastic Parts Production in Slovakia

In value terms, lamp plastic parts production fell modestly to $X in 2021 estimated in export price. Overall, production, however, saw a abrupt downturn. The pace of growth appeared the most rapid in 2018 when the production volume increased by 27%. Lamp plastic parts production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Lamp Plastic Parts Exports

Exports from Slovakia

In 2021, shipments abroad of plastic parts for lamps and lighting fittings decreased by -2.2% to X tons, falling for the third year in a row after two years of growth. Over the period under review, exports recorded a slight setback. The pace of growth was the most pronounced in 2013 when exports increased by 30% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, lamp plastic parts exports declined modestly to $X in 2021. In general, exports saw a perceptible decrease. The most prominent rate of growth was recorded in 2018 when exports increased by 29%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Poland (X tons), Romania (X tons) and Germany (X tons) were the main destinations of lamp plastic parts exports from Slovakia, with a combined 57% 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 Romania (with a CAGR of +81.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lamp plastic parts exported from Slovakia were Germany ($X), Poland ($X) and Romania ($X), together comprising 58% of total exports.

Among the main countries of destination, Romania, with a CAGR of +45.8%, recorded the highest rates of growth with regard to 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 lamp plastic parts export price amounted to $X per ton, approximately equating the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 17%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Denmark ($X per ton), while the average price for exports to Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Lamp Plastic Parts Imports

Imports into Slovakia

In 2021, overseas purchases of plastic parts for lamps and lighting fittings were finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, lamp plastic parts imports surged to $X in 2021. Overall, imports posted buoyant growth. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

Austria (X tons), the Czech Republic (X tons) and Hungary (X tons) were the main suppliers of lamp plastic parts imports to Slovakia, together accounting for 71% of total imports. Italy, Germany, China, Finland, Poland and Denmark lagged somewhat behind, together comprising a further 24%.

From 2012 to 2021, the biggest increases were recorded for Finland (with a CAGR of +159.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), the Czech Republic ($X) and Germany ($X) constituted the largest lamp plastic parts suppliers to Slovakia, with a combined 71% share of total imports. Hungary, Italy, China, Finland, Poland and Denmark lagged somewhat behind, together comprising a further 24%.

Among the main suppliers, Finland, with a CAGR of +127.8%, saw 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

The average lamp plastic parts import price stood at $X per ton in 2021, surging by 40% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lamp plastic parts import price increased by +58.0% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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