United Kingdom: Electronic Lamp Machine Market 2024

Electronic Lamp Machine Market Size in the UK

The UK electronic lamp machine market skyrocketed to $X in 2021, picking up by 96% against the previous year. In general, consumption posted a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Electronic Lamp Machine Production in the UK

In value terms, electronic lamp machine production dropped to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 4.7%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a lower figure.

Electronic Lamp Machine Exports

Exports from the UK

In 2021, electronic lamp machine exports from the UK fell markedly to X units, waning by -69.4% against the year before. In general, exports showed a abrupt contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 104%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, electronic lamp machine exports reduced markedly to $X in 2021. Overall, exports saw a deep setback. The pace of growth appeared the most rapid in 2017 with an increase of 103% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for electronic lamp machine exports from the UK, accounting for a 40% share of total exports. Moreover, electronic lamp machine exports to the United States exceeded the volume sent to the second major destination, Egypt (X units), threefold. Mexico (X units) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to -21.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (+3.3% per year) and Mexico (-9.5% per year).

In value terms, Mexico ($X) emerged as the key foreign market for electronic lamp machine exports from the UK, comprising 23% of total exports. The second position in the ranking was held by China ($X), with an 8.4% share of total exports. It was followed by the United States, with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Mexico totaled +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+25.8% per year) and the United States (-21.9% per year).

Export Prices by Country

The average electronic lamp machine export price stood at $X per unit in 2021, rising by 57% against the previous year. In general, the export price showed a prominent increase. The growth pace was the most rapid in 2017 when the average export price increased by 119% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Mexico ($X per unit), while the average price for exports to the United States ($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 Ireland (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Lamp Machine Imports

Imports into the UK

In 2021, supplies from abroad of machines for electric or electronic lamps, tubes, valves or flashbulbs increased by 67% to X units for the first time since 2016, thus ending a four-year declining trend. Over the period under review, imports, however, continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by 115%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, electronic lamp machine imports dropped dramatically to $X in 2021. Overall, imports, however, recorded a dramatic decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 91%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Switzerland (X units) constituted the largest electronic lamp machine supplier to the UK, with a 75% share of total imports. Moreover, electronic lamp machine imports from Switzerland exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. The third position in this ranking was held by Japan (X units), with a 3.3% share.

From 2012 to 2021, the average annual growth rate of volume from Switzerland totaled -8.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+9.2% per year) and Japan (-3.1% per year).

In value terms, the United States ($X) constituted the largest supplier of electronic lamp machine to the UK, comprising 65% of total imports. The second position in the ranking was taken by Switzerland ($X), with a 16% share of total imports. It was followed by Japan, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States totaled +9.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (-47.3% per year) and Japan (+2.4% per year).

Import Prices by Country

In 2021, the average electronic lamp machine import price amounted to $X per unit, dropping by -53.1% against the previous year. Overall, the import price, however, continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 405% against the previous year. The import price peaked at $X per unit in 2020, and then fell dramatically in the following year.

Prices varied noticeably country of origin: the country with the highest price was France ($X per unit), while the price for Switzerland ($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 (+38.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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