Turkey: Portable Electric Lamp Market 2024

Portable Electric Lamp Market Size in Turkey

In 2022, after two years of growth, there was significant decline in the Turkish portable electric lamp market, when its value decreased by -20.5% to $X. In general, consumption continues to indicate a deep slump. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Portable Electric Lamp Production in Turkey

In value terms, portable electric lamp production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a prominent increase. The pace of growth was the most pronounced in 2015 with an increase of 40%. Portable electric lamp production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Portable Electric Lamp Exports

Exports from Turkey

In 2022, exports of portable electric lamps from Turkey skyrocketed to X units, increasing by 174% against 2021. Overall, exports recorded a remarkable increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, portable electric lamp exports soared to $X in 2022. In general, exports continue to indicate a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Ukraine (X units), Afghanistan (X units) and Syrian Arab Republic (X units) were the main destinations of portable electric lamp exports from Turkey, with a combined 45% share of total exports. Ethiopia, Russia, Austria, Iraq, Sudan, Azerbaijan, Bosnia and Herzegovina, Iran, Serbia and the United Arab Emirates lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +91.5%), while the other leaders experienced more modest paces of growth.

In value terms, Ukraine ($X), Afghanistan ($X) and Ethiopia ($X) appeared to be the largest markets for portable electric lamp exported from Turkey worldwide, with a combined 34% share of total exports. Azerbaijan, Russia, Syrian Arab Republic, Austria, Iran, Iraq, Sudan, Bosnia and Herzegovina, Serbia and the United Arab Emirates lagged somewhat behind, together accounting for a further 42%.

Austria, with a CAGR of +92.3%, recorded 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

The average portable electric lamp export price stood at $X per unit in 2022, falling by -24.4% against the previous year. Over the period under review, the export price recorded a mild slump. The pace of growth was the most pronounced in 2019 when the average export price increased by 18% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Azerbaijan ($X per unit), while the average price for exports to Bosnia and Herzegovina ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.

Portable Electric Lamp Imports

Imports into Turkey

In 2022, purchases abroad of portable electric lamps decreased by -10.2% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports showed a abrupt slump. The growth pace was the most rapid in 2020 with an increase of 70% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, portable electric lamp imports stood at $X in 2022. Over the period under review, imports recorded a pronounced downturn. The growth pace was the most rapid in 2020 with an increase of 34%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main portable electric lamp supplier to Turkey, with a approx. 96% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -9.7%.

In value terms, China ($X) constituted the largest supplier of portable electric lamps to Turkey.

From 2012 to 2022, the average annual growth rate of value from China amounted to -3.4%.

Import Prices by Country

In 2022, the average portable electric lamp import price amounted to $X per unit, with an increase of 15% against the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +7.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, portable electric lamp import price increased by +18.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 87% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +7.0% per year.

Source: IndexBox Platform

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