Switzerland: Bicycle Lighting Market 2024

Bicycle Lighting Market Size in Switzerland

The Swiss bicycle lighting market surged to $X in 2021, growing by 22% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, the total consumption indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +101.9% against 2016 indices. Over the period under review, the market hit record highs in 2021 and is likely to continue growth in years to come.

Bicycle Lighting Exports

Exports from Switzerland

In 2021, the amount of electrical or battery operated lighting or visual signalling for bicycles exported from Switzerland soared to X units, growing by 90% on 2020 figures. Over the period under review, exports posted notable growth. The most prominent rate of growth was recorded in 2013 with an increase of 166%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, bicycle lighting exports surged to $X in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for bicycle lighting exports from Switzerland, with a 77% share of total exports. Moreover, bicycle lighting exports to Germany exceeded the volume sent to the second major destination, the United States (X units), sevenfold. The third position in this ranking was held by the Netherlands (X units), with a 5.1% share.

From 2012 to 2021, the average annual growth rate of volume to Germany stood at +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+5.6% per year) and the Netherlands (+46.1% per year).

In value terms, Germany ($X) remains the key foreign market for electrical or battery operated lighting or visual signalling for bicycles exports from Switzerland, comprising 54% of total exports. The second position in the ranking was held by France ($X), with a 12% share of total exports. It was followed by the United States, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +9.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-12.0% per year) and the United States (-1.8% per year).

Export Prices by Country

In 2021, the average bicycle lighting export price amounted to $X per unit, declining by -20.3% against the previous year. Overall, the export price saw a perceptible curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 117% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to the United States ($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 Slovakia (+20.5%), while the prices for the other major destinations experienced more modest paces of growth.

Bicycle Lighting Imports

Imports into Switzerland

In 2021, bicycle lighting imports into Switzerland surged to X units, with an increase of 18% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, bicycle lighting imports surged to $X in 2021. Over the period under review, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2020 with an increase of 32%. Over the period under review, imports attained the maximum in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest bicycle lighting supplier to Switzerland, with a 54% share of total imports. Moreover, bicycle lighting imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was taken by Taiwan (Chinese) (X units), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +5.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.8% per year) and Taiwan (Chinese) (-0.6% per year).

In value terms, China ($X), Germany ($X) and Taiwan (Chinese) ($X) constituted the largest bicycle lighting suppliers to Switzerland, with a combined 91% share of total imports. France lagged somewhat behind, accounting for a further 2.9%.

Among the main suppliers, France, with a CAGR of +36.8%, 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

In 2021, the average bicycle lighting import price amounted to $X per unit, picking up by 4.7% against the previous year. In general, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, bicycle lighting import price increased by +88.2% against 2015 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 26% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the near future.

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 Germany ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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