United Kingdom: Market for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles 2024

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

The UK market for electrical lighting or visual signaling equipment for motor vehicles and cycles expanded slightly to $X in 2022, surging by X% against the previous year. In general, consumption showed a mild contraction. Lighting equipment for motor vehicles consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

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

In value terms, lighting equipment for motor vehicles production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

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

Exports from the UK

In 2022, approx. X units of electrical lighting or visual signaling equipment for motor vehicles and cycles were exported from the UK; growing by X% compared with 2021. Over the period under review, exports recorded a strong expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, lighting equipment for motor vehicles exports reduced to $X in 2022. Overall, exports showed a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X, and then fell modestly in the following year.

Exports by Country

Germany (X units) was the main destination for lighting equipment for motor vehicles exports from the UK, with a X% share of total exports. Moreover, lighting equipment for motor vehicles exports to Germany exceeded the volume sent to the second major destination, the United States (X units), twofold. France (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and France (X% per year).

In value terms, Germany ($X) remains the key foreign market for electrical lighting or visual signaling equipment for motor vehicles and cycles exports from the UK, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by France, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and France (X% per year).

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, with a decrease of X% against the previous year. Overall, the export price saw a perceptible decline. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Australia ($X per unit) and Ireland ($X per unit), while the average price for exports to the Czech Republic ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

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

Imports into the UK

Lighting equipment for motor vehicles imports into the UK fell to X units in 2022, shrinking by X% on 2021. Over the period under review, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, lighting equipment for motor vehicles imports amounted to $X in 2022. In general, total imports indicated slight 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%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

The Czech Republic (X units), China (X units) and France (X units) were the main suppliers of lighting equipment for motor vehicles imports to the UK, with a combined X% share of total imports. Austria, Taiwan (Chinese), Poland, Spain, Germany, Slovakia, Japan, South Korea, Italy and Slovenia lagged somewhat behind, together accounting for a further X%.

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

In value terms, the Czech Republic ($X), France ($X) and Austria ($X) appeared to be the largest lighting equipment for motor vehicles suppliers to the UK, together accounting for X% of total imports. China, Poland, Spain, Taiwan (Chinese), Germany, Slovakia, Japan, South Korea, Italy and Slovenia lagged somewhat behind, together comprising a further X%.

Among the main suppliers, South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other 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, picking up by X% against the previous year. Over the period under review, the import price enjoyed a resilient increase. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Slovenia ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :