Turkey: Electric Filament Lamp Market 2024

Electric Filament Lamp Market Size in Turkey

In 2021, after three years of growth, there was significant decline in the Turkish electric filament lamp market, when its value decreased by -16.8% to $X. In general, consumption continues to indicate a perceptible curtailment. Electric filament lamp consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Electric Filament Lamp Production in Turkey

In value terms, electric filament lamp production declined remarkably to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a pronounced reduction. The pace of growth was the most pronounced in 2020 when the production volume increased by 51% against the previous year. Electric filament lamp production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Electric Filament Lamp Exports

Exports from Turkey

In 2021, overseas shipments of electric filament lamps were finally on the rise to reach X units after six years of decline. Over the period under review, exports, however, recorded a drastic downturn. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, electric filament lamp exports surged to $X in 2021. Overall, exports, however, recorded a abrupt contraction. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Poland (X units), Italy (X units) and Bulgaria (X units) were the main destinations of electric filament lamp exports from Turkey, with a combined 42% share of total exports. These countries were followed by Turkmenistan, Germany, the Czech Republic, Romania, Spain, China, Libya, Iran, Azerbaijan and Hungary, which together accounted for a further 32%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +59.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electric filament lamp exported from Turkey were Poland ($X), Italy ($X) and Turkmenistan ($X), together accounting for 40% of total exports. Bulgaria, Germany, Libya, Iran, the Czech Republic, Romania, China, Spain, Azerbaijan and Hungary lagged somewhat behind, together comprising a further 39%.

China, with a CAGR of +58.7%, recorded the highest growth rate of 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

The average electric filament lamp export price stood at $X per unit in 2021, rising by 6% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average export price increased by 34%. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Iran ($X per unit), while the average price for exports to Hungary ($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 Italy (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Filament Lamp Imports

Imports into Turkey

Electric filament lamp imports into Turkey contracted to X units in 2021, with a decrease of -13.8% compared with the previous year. In general, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 12% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, electric filament lamp imports contracted to $X in 2021. Overall, imports faced a abrupt decline. The growth pace was the most rapid in 2016 when imports increased by 2.9% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of electric filament lamp to Turkey, accounting for a 72% share of total imports. Moreover, electric filament lamp imports from China exceeded the figures recorded by the second-largest supplier, Hungary (X units), twofold. The third position in this ranking was taken by Japan (X units), with a 22% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (-6.4% per year) and Japan (+31.5% per year).

In value terms, the largest electric filament lamp suppliers to Turkey were China ($X), Hungary ($X) and Japan ($X), with a combined 61% share of total imports.

Japan, with a CAGR of +9.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average electric filament lamp import price stood at $X per unit in 2021, growing by 5.3% against the previous year. In general, the import price, however, saw a mild contraction. The most prominent rate of growth was recorded in 2013 an increase of 35%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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