Overview of the Global Market for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Market Size for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

The global market for electrical lighting or visual signaling equipment for motor vehicles and cycles expanded sharply to $X in 2022, surging by X% against the previous year. Over the period under review, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2014 indices. Global consumption peaked in 2022 and is expected to retain growth in years to come.

Production of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

In value terms, lighting equipment for motor vehicles production dropped dramatically to $X in 2022 estimated in export price. Overall, production saw a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, global production hit record highs at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Exports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Exports

In 2022, approx. X units of electrical lighting or visual signaling equipment for motor vehicles and cycles were exported worldwide; falling by X% compared with the previous year. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by X%. The global exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, lighting equipment for motor vehicles exports shrank modestly to $X in 2022. In general, total exports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

China represented the key exporting country with an export of around X units, which accounted for X% of total exports. The Czech Republic (X units) held the second position in the ranking, followed by Germany (X units), Slovakia (X units) and Mexico (X units). All these countries together took approx. X% share of total exports. The following exporters - Taiwan (Chinese) (X units), the Netherlands (X units), Poland (X units), France (X units), the United States (X units), Spain (X units), South Korea (X units) and Austria (X units) - together made up X% of total exports.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, the Netherlands (X%), Slovakia (X%), Poland (X%), Spain (X%), Mexico (X%), South Korea (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Austria and Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, France (X%), Germany (X%) and the United States (X%) illustrated a downward trend over the same period. China (X p.p.), Slovakia (X p.p.), the Netherlands (X p.p.) and Poland (X p.p.) significantly strengthened its position in terms of the global exports, while Taiwan (Chinese), the United States and Germany saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest lighting equipment for motor vehicles supplying countries worldwide were China ($X), Germany ($X) and Mexico ($X), together comprising X% of global exports.

In terms of the main exporting countries, Mexico, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for electrical lighting or visual signaling equipment for motor vehicles and cycles amounted to $X per unit, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced more modest paces of growth.

Imports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Imports

In 2022, approx. X units of electrical lighting or visual signaling equipment for motor vehicles and cycles were imported worldwide; increasing by X% against the previous year's figure. In general, imports continue to indicate a prominent expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, global imports reached the maximum in 2022 and are likely to see steady growth in the immediate term.

In value terms, lighting equipment for motor vehicles imports dropped modestly to $X in 2022. Overall, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, leveling off in the following year.

Imports by Country

In 2022, the United States (X units) and Germany (X units) represented the largest importers of electrical lighting or visual signaling equipment for motor vehicles and cyclesin the world, together making up X% of total imports. India (X units) ranks next in terms of the total imports with a X% share, followed by Spain (X%). The following importers - France (X units), Italy (X units), Mexico (X units), China (X units), Slovakia (X units), the Netherlands (X units), Belgium (X units), Brazil (X units) and Poland (X units) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest lighting equipment for motor vehicles importing markets worldwide were the United States ($X), Germany ($X) and China ($X), together accounting for X% of global imports. Mexico, Spain, France, Italy, Brazil, Slovakia, the Netherlands, Belgium, Poland and India lagged somewhat behind, together comprising a further X%.

In terms of the main importing countries, India, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average import price for electrical lighting or visual signaling equipment for motor vehicles and cycles amounted to $X per unit, reducing by X% against the previous year. Overall, the import price showed a perceptible shrinkage. The pace of growth appeared the most rapid in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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