Overview of the Global Market for Residential, Commercial and Industrial Lighting Fixture

Market Size for Residential, Commercial and Industrial Lighting Fixture

In 2021, the global market for residential, commercial and industrial lighting fixture was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. Over the period under review, the global market reached the peak level in 2021 and is expected to retain growth in years to come.

Production of Residential, Commercial and Industrial Lighting Fixture

In value terms, production of residential, commercial and industrial lighting fixture reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the production volume increased by 11%. Over the period under review, global production of hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports

In 2021, overseas shipments of residential, commercial and industrial lighting fixture were finally on the rise to reach X units after two years of decline. Overall, total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when exports increased by 62% against the previous year. Over the period under review, the global exports of attained the maximum in 2021 and are expected to retain growth in the immediate term.

In value terms, exports of residential, commercial and industrial lighting fixture soared to $X in 2021. Over the period under review, total exports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +11.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +74.1% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of 35% against the previous year. The global exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

China prevails in fixture structure, reaching X units, which was near 71% of total exports in 2021. Spain (X units), Germany (X units), the Netherlands (X units), Mexico (X units), Poland (X units) and Austria (X units) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to residential, commercial and industrial lighting fixture exports from China stood at +8.4%. At the same time, the Netherlands (+15.2%), Spain (+12.9%), Poland (+9.0%) and Austria (+2.4%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +15.2% from 2012-2021. Mexico and Germany experienced a relatively flat trend pattern. From 2012 to 2021, the share of China increased by +13 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest residential, commercial and industrial lighting fixture supplier worldwide, comprising 62% of global exports. The second position in the ranking was taken by Germany ($X), with a 4.6% share of global exports. It was followed by Mexico, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +19.6%. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+2.6% per year) and Mexico (+5.4% per year).

Export Prices by Country

The average export price for residential, commercial and industrial lighting fixture stood at $X per unit in 2021, surging by 6.8% against the previous year. Overall, the export price recorded a prominent expansion. The pace of growth was the most pronounced in 2014 when the average export price increased by 75% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+10.3%), while the other global leaders experienced more modest paces of growth.

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports

In 2021, supplies from abroad of residential, commercial and industrial lighting fixture increased by 15% to X units, rising for the second consecutive year after two years of decline. The total import volume increased at an average annual rate of +5.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of residential, commercial and industrial lighting fixture skyrocketed to $X in 2021. The total import value increased at an average annual rate of +5.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The United States was the major importing country with an import of about X units, which reached 30% of total imports. Germany (X units) took the second position in the ranking, followed by France (X units). All these countries together took approx. 11% share of total imports. Russia (X units), the UK (X units), the Netherlands (X units), Spain (X units), Canada (X units), Poland (X units), Italy (X units), Brazil (X units), Austria (X units) and Belgium (X units) held a little share of total imports.

Imports into the United States increased at an average annual rate of +12.1% from 2012 to 2021. At the same time, Brazil (+14.1%), the Netherlands (+10.8%), Poland (+10.5%), Spain (+10.2%), Austria (+4.0%), the UK (+3.7%), Italy (+3.6%), France (+3.0%), Germany (+1.5%) and Russia (+1.4%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing importer imported in the world, with a CAGR of +14.1% from 2012-2021. Belgium and Canada experienced a relatively flat trend pattern. From 2012 to 2021, the share of the United States increased by +13 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported residential, commercial and industrial lighting fixture worldwide, comprising 24% of global imports. The second position in the ranking was held by Germany ($X), with an 8.1% share of global imports. It was followed by France, with a 5.4% share.

In the United States, imports of residential, commercial and industrial lighting fixture increased at an average annual rate of +5.8% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+5.3% per year) and France (+4.8% per year).

Import Prices by Country

The average import price for residential, commercial and industrial lighting fixture stood at $X per unit in 2021, growing by 9.3% against the previous year. In general, the import price showed a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+4.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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