Which Country Exports the Most Electrical Lighting Or Visual Signaling Equipment in the World?
Electric Lighting Equipment May 28, 2018
IndexBox has just published a new report "World: Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles - Market Report. Analysis and Forecast to 2025". Here is a summary of the report's key findings.
Global lighting equipment imports stood at 1.1M tonnes in 2016, descending by -1.7% against the previous year level. The total import volume increased at an average annual rate of +2.3% over the period from 2007 to 2016- however, the trend pattern indicated some noticeable fluctuations in certain years. The growth pace was the most rapid in 2010, when imports increased by 31% from the previous year level. Global lighting equipment import peaked of 1.2M tonnes in 2011- however, from 2012 to 2016, it failed to regain its strength.
In value terms, lighting equipment imports amounted to $29B in 2016. In general, lighting equipment imports continue to indicate a remarkable expansion. Global lighting equipment import peaked in 2016, and are expected to retain its growth in the immediate term.
Top Lighting Equipment Importing Countries in the World
1. USA (5.7 billion USD)
2. Germany (4.0 billion USD)
3. China (2.0 billion USD)
4. Canada (1.6 billion USD)
5. Mexico (1.5 billion USD)
6. United Kingdom (1.2 billion USD)
7. Japan (1.1 billion USD)
8. France (1.0 billion USD)
9. Czech Republic (0.9 billion USD)
10. Spain (0.9 billion USD)
11. Italy (0.5 billion USD)
12. Poland (0.4 billion USD)
Lighting Equipment Imports By Country
The imports of the twelve major importers of lighting equipment, namely Germany, Mexico, the U.S., France, Spain, Canada, the UK, China, Czech Republic, Japan, Poland, and Italy, represented more than half of total import.
From 2007 to 2016, the most notable growth rate of lighting equipment imports, among the main importing countries, was attained by Czech Republic (+10.0% per year), while the other global leaders experienced more modest paces of growth.
In value terms, the largest lighting equipment markets worldwide were the U.S. ($5.7B), Germany ($4B) and China ($2B), with a combined 41% share of global imports.
China (+18.8% per year) had the highest growth rate of lighting equipment imports, in terms of the main importing countries, over the last 9 years, while the other global leaders experienced more modest paces of growth.
Lighting Equipment Import Prices By Country
The average lighting equipment import price stood at $25 per kg in 2016, increasing by 12% against the previous year. Overall, it indicated a prominent expansion from 2007 to 2016: the import price value increased at an average annual rate of +5.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on the result of 2016, lighting equipment import price increased by +67.8% against its level of 2010. The pace of growth was the most pronounced in 2014, when import increased by 15% from the previous year level. Over the period under review, average lighting equipment import price reached its maximum level in 2016, and is expected to retain its growth in the near future.
Import prices varied noticeably by country of destination. the country with the highest import prices was the U.S. ($64 per kg), while Mexico ($13 per kg) was among the lowest.
From 2007 to 2016, the most notable growth rate of lighting equipment import prices was attained by the U.S. (+16.2% per year), while the other global leaders experienced more modest paces of growth.
Do you want to know more about global lighting equipment market? Get the latest trends and insight from our report. It includes a wide range of statistics on
- lighting equipment market share
- lighting equipment prices
- lighting equipment industry
- lighting equipment sales
- lighting equipment import
- lighting equipment export
- lighting equipment market forecast
- lighting equipment price forecast
- key lighting equipment producers
All data provided in this article covers the following product: HS Code 8512 - Lighting or visual signalling equipment (excluding articles of heading no. 8539), windscreen wipers, defrosters and demisters- electrical, of a kind used for cycles or motor vehicles.
