Slovakia - Residential, commercial and industrial lighting fixture - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSlovakia: Market for Residential, Commercial and Industrial Lighting Fixture 2024
Market Size for Residential, Commercial and Industrial Lighting Fixture in Slovakia
In 2021, the Slovak market for residential, commercial and industrial lighting fixture decreased by -20.2% to $X, falling for the second consecutive year after three years of growth. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -22.4% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.
Production of Residential, Commercial and Industrial Lighting Fixture in Slovakia
In value terms, production of residential, commercial and industrial lighting fixture skyrocketed to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt slump. Production of peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.
Exports of Residential, Commercial and Industrial Lighting Fixture
Exports from Slovakia
Exports of residential, commercial and industrial lighting fixture from Slovakia shrank modestly to X units in 2021, which is down by -3.7% against 2020 figures. Overall, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of 60%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.
In value terms, exports of residential, commercial and industrial lighting fixture expanded slightly to $X in 2021. In general, exports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2017 when exports increased by 88% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.
Exports by Country
The Czech Republic (X units), Denmark (X units) and Austria (X units) were the main destinations of exports of residential, commercial and industrial lighting fixture from Slovakia, together accounting for 43% of total exports.
From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +10.3%), while shipments for the other leaders experienced a decline.
In value terms, the Czech Republic ($X), Denmark ($X) and Poland ($X) were the largest markets for residential, commercial and industrial lighting fixture exported from Slovakia worldwide, together comprising 42% of total exports.
In terms of the main countries of destination, Denmark, with a CAGR of +17.6%, saw the highest growth rate of 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
The average export price for residential, commercial and industrial lighting fixture stood at $X per unit in 2021, increasing by 9% against the previous year. Over the period under review, export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +7.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, export price for residential, commercial and industrial lighting fixture increased by +93.4% against 2012 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 20%. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.
There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Residential, Commercial and Industrial Lighting Fixture
Imports into Slovakia
In 2021, supplies from abroad of residential, commercial and industrial lighting fixture was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 19%. Over the period under review, imports of hit record highs at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.
In value terms, imports of residential, commercial and industrial lighting fixture expanded remarkably to $X in 2021. Over the period under review, total imports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +8.6% against 2019 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 25% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.
Imports by Country
Austria (X units), Slovenia (X units) and the Czech Republic (X units) were the main suppliers of imports of residential, commercial and industrial lighting fixture to Slovakia, with a combined 53% share of total imports.
From 2012 to 2021, the biggest increases were recorded for Slovenia (with a CAGR of +61.5%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest residential, commercial and industrial lighting fixture suppliers to Slovakia were the Czech Republic ($X), Austria ($X) and Germany ($X), with a combined 54% share of total imports. Slovenia, Poland, China, France, Hungary and Italy lagged somewhat behind, together accounting for a further 36%.
In terms of the main suppliers, Slovenia, with a CAGR of +54.6%, saw the highest rates of growth with regard to 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 import price for residential, commercial and industrial lighting fixture stood at $X per unit in 2021, declining by -4.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.5%. The most prominent rate of growth was recorded in 2013 an increase of 16%. The import price peaked at $X per unit in 2020, and then reduced in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Slovenia ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for residential, commercial and industrial lighting fixture in Slovakia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27402200 - Electric table, desk, bedside or floor-standing lamps
- Prodcom 27402500 - Chandeliers and other electric ceiling or wall lighting fittings (excluding those used for lighting public open spaces or thoroughfares)
Country coverage:
- Slovakia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Slovakia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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