Eastern Europe: Market for Special-Purpose Electric Lamps and Lighting Fittings 2024

Market Size for Special-Purpose Electric Lamps and Lighting Fittings in Eastern Europe

The East European market for special-purpose electric lamps and lighting fittings soared to $X in 2023, rising by X% against the previous year. In general, consumption posted a pronounced expansion. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market failed to regain momentum.

Production of Special-Purpose Electric Lamps and Lighting Fittings in Eastern Europe

In value terms, production of special-purpose electric lamps and lighting fittings totaled $X in 2023 estimated in export price. Over the period under review, production enjoyed a buoyant increase. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production of growth remained at a lower figure.

Exports of Special-Purpose Electric Lamps and Lighting Fittings

Exports in Eastern Europe

In 2023, exports of special-purpose electric lamps and lighting fittings in Eastern Europe skyrocketed to X units, growing by X% on the previous year. In general, exports, however, faced a abrupt descent. The volume of export peaked at X units in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, exports of special-purpose electric lamps and lighting fittings surged to $X in 2023. Overall, exports, however, faced a deep contraction. Over the period under review, the exports of attained the maximum at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

Hungary was the major exporting country with an export of around X units, which resulted at X% of total exports. Russia (X units) took the second position in the ranking, followed by Belarus (X units) and Romania (X units). All these countries together took approx. X% share of total exports.

Hungary was also the fastest-growing in terms of the special-purpose electric lamps and lighting fittings exports, with a CAGR of X% from 2012 to 2023. At the same time, Belarus (X%) displayed positive paces of growth. By contrast, Romania (X%) and Russia (X%) illustrated a downward trend over the same period. While the share of Hungary (X p.p.), Belarus (X p.p.), Romania (X p.p.) and Russia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Hungary ($X), Romania ($X) and Russia ($X) constituted the countries with the highest levels of exports in 2023, together comprising X% of total exports.

In terms of the main exporting countries, Hungary, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2023, which is down by X% against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2021; however, from 2022 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Romania ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Romania (X%), while the other leaders experienced more modest paces of growth.

Imports of Special-Purpose Electric Lamps and Lighting Fittings

Imports in Eastern Europe

In 2023, imports of special-purpose electric lamps and lighting fittings in Eastern Europe surged to X units, with an increase of X% against 2022 figures. In general, imports, however, continue to indicate a abrupt slump. The volume of import peaked at X units in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of special-purpose electric lamps and lighting fittings soared to $X in 2023. Over the period under review, imports, however, continue to indicate a deep downturn. The level of import peaked at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Russia represented the largest importer of special-purpose electric lamps and lighting fittings in Eastern Europe, with the volume of imports recording X units, which was near X% of total imports in 2023. Hungary (X units) ranks second in terms of the total imports with a X% share, followed by Romania (X%) and Belarus (X%).

Russia experienced a relatively flat trend pattern with regard to volume of imports of special-purpose electric lamps and lighting fittings. At the same time, Belarus (X%), Hungary (X%) and Romania (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. Russia (X p.p.), Hungary (X p.p.), Romania (X p.p.) and Belarus (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported special-purpose electric lamps and lighting fittings in Eastern Europe, comprising X% of total imports. The second position in the ranking was taken by Romania ($X), with a X% share of total imports. It was followed by Hungary, with a X% share.

In Russia, imports of special-purpose electric lamps and lighting fittings decreased by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Romania (X% per year) and Hungary (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per unit, falling by X% against the previous year. Over the period under review, the import price saw a pronounced reduction. The most prominent rate of growth was recorded in 2013 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2014 to 2023, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Romania ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Romania (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform