Which Country Exports the Most Electrical Lighting Or Visual Signaling Equipment in the World?
Electric Lighting Equipment May 28, 2018
In 2016, approx. 1.1M tonnes of lighting equipment were exported worldwide; moving up by 8% against the previous year level. The total export volume increased at an average annual rate of +4.5% over the period from 2007 to 2016; however, the trend pattern indicated some noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2010, when it surged by 22% against the previous year level. Global lighting equipment export peaked in 2016, and are expected to retain its growth in the near future.
In value terms, lighting equipment exports totaled $28B in 2016. Overall, lighting equipment exports continue to indicate a remarkable growth. Over the period under review, global lighting equipment exports attained its maximum level in 2016, and are likely to see steady growth in the immediate term.
Top Lighting Equipment Exporting Countries in the World
1. China (4.1 billion USD)
2. Germany (3.5 billion USD)
3. USA (2.5 billion USD)
4. Mexico (2.3 billion USD)
5. Czech Republic (2.1 billion USD)
6. Japan (1.4 billion USD)
7. South Korea (1.3 billion USD)
8. France (1.2 billion USD)
9. Spain (1.1 billion USD)
10. Slovakia (0.8 billion USD)
11. Italy (0.8 billion USD)
12. Poland (0.6 billion USD)
Lighting Equipment Exports By Country
In 2016, China (181K tonnes), followed by Mexico (106K tonnes), the U.S. (105K tonnes), Czech Republic (76K tonnes), Germany (72K tonnes), and South Korea (61K tonnes) represented the major exporters of lighting equipment, together comprising 54% of total exports. Spain (50K tonnes), Italy (43K tonnes), Slovakia (42K tonnes), France (41K tonnes), Poland (40K tonnes), and Japan (37K tonnes) followed a long way behind this figure.
From 2007 to 2016, the most notable growth rate of lighting equipment exports, among the main exporting countries, was attained by Slovakia (+19.3% per year), while the other global leaders experienced more modest paces of growth.
In value terms, China ($4.1B), Germany ($3.5B) and the U.S. ($2.5B) constituted the countries with the highest levels of exports in 2016, together comprising 36% of global exports.Mexico, Czech Republic, Japan, South Korea, France, Spain, Slovakia, Italy and Poland lagged somewhat behind, together accounting for a further 42%.
South Korea (+20.1% per year) had the highest rates of growth with regard to the lighting equipment exports, among the main exporting countries, over the last 9 years, while the other global leaders experienced more modest paces of growth.
Lighting Equipment Export Prices By Country
The average lighting equipment export price stood at $25 per kg in 2016, stabilizing at the previous year level. Over the period from 2007 to 2016 it increased at an average annual rate of +3.1%.The most prominent rate of growth was recorded in 2012, when it surged by 12% y-o-y. Over the period under review, average lighting equipment export price reached its maximum level of $27 per kg in 2014; however, from 2015 to 2016, it stood at a somewhat lower level.
Export prices varied noticeably by country of destination. the country with the highest export prices was Germany ($49 per kg), while Poland ($16 per kg) was among the lowest.
From 2007 to 2016, the most notable growth rate of lighting equipment export prices was attained by Mexico (+7.3% 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.
