United Kingdom: Portable Electric Lamp Market 2024

Portable Electric Lamp Market Size in the UK

In 2022, the UK portable electric lamp market increased by 4% to $X, rising for the second consecutive year after four years of decline. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Portable Electric Lamp Production in the UK

In value terms, portable electric lamp production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 46%. Portable electric lamp production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Portable Electric Lamp Exports

Exports from the UK

Portable electric lamp exports from the UK reduced sharply to X units in 2022, with a decrease of -21.2% compared with the previous year's figure. Overall, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 when exports increased by 28%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, portable electric lamp exports declined to $X in 2022. In general, exports recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by 19%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ireland (X units), France (X units) and the United States (X units) were the main destinations of portable electric lamp exports from the UK, with a combined 36% share of total exports. Germany, the Netherlands, Lebanon, Israel, Egypt, Spain, Austria, Poland, Belgium and Australia lagged somewhat behind, together accounting for a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Israel (with a CAGR of +37.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for portable electric lamp exported from the UK were France ($X), Ireland ($X) and the United States ($X), together accounting for 34% of total exports. Germany, the Netherlands, Austria, Australia, Israel, Spain, Poland, Belgium, Egypt and Lebanon lagged somewhat behind, together accounting for a further 30%.

Among the main countries of destination, Israel, with a CAGR of +31.1%, recorded the highest rates of growth with regard to 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 portable electric lamp export price stood at $X per unit in 2022, jumping by 21% against the previous year. In general, export price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% 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 export price increased by +83.6% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of 39%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Austria ($X per unit), while the average price for exports to Lebanon ($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 Ireland (+9.9%), while the prices for the other major destinations experienced more modest paces of growth.

Portable Electric Lamp Imports

Imports into the UK

Portable electric lamp imports into the UK fell to X units in 2022, dropping by -6.8% on the previous year's figure. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 24% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, portable electric lamp imports rose modestly to $X in 2022. The total import value increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 23%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of portable electric lamp to the UK, with a 85% share of total imports. Moreover, portable electric lamp imports from China exceeded the figures recorded by the second-largest supplier, the Czech Republic (X units), more than tenfold. The third position in this ranking was taken by Hong Kong SAR (X units), with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+111.5% per year) and Hong Kong SAR (+0.1% per year).

In value terms, China ($X) constituted the largest supplier of portable electric lamps to the UK, comprising 78% of total imports. The second position in the ranking was taken by the Czech Republic ($X), with a 7.5% share of total imports. It was followed by Hong Kong SAR, with a 2.8% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the Czech Republic (+110.5% per year) and Hong Kong SAR (-0.7% per year).

Import Prices by Country

The average portable electric lamp import price stood at $X per unit in 2022, surging by 9.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 11% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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