Belgium: Bicycle Lighting Market 2024

Bicycle Lighting Market Size in Belgium

The Belgian bicycle lighting market reduced to $X in 2022, declining by X% against the previous year. Overall, consumption, however, enjoyed a resilient increase. Bicycle lighting consumption peaked at $X in 2021, and then fell in the following year.

Bicycle Lighting Production in Belgium

In value terms, bicycle lighting production totaled $X in 2022 estimated in export price. Over the period under review, production showed a dramatic setback. The pace of growth was the most pronounced in 2013 when the production volume decreased by X% against the previous year. Bicycle lighting production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Bicycle Lighting Exports

Exports from Belgium

In 2022, shipments abroad of electrical or battery operated lighting or visual signalling for bicycles decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports showed a perceptible contraction. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, bicycle lighting exports soared to $X in 2022. Overall, exports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X units), France (X units) and Italy (X units) were the main destinations of bicycle lighting exports from Belgium, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, France ($X), Germany ($X) and Italy ($X) were the largest markets for bicycle lighting exported from Belgium worldwide, together comprising X% of total exports.

Germany, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average bicycle lighting export price stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the export price posted a prominent increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Luxembourg ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

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

Bicycle Lighting Imports

Imports into Belgium

In 2022, supplies from abroad of electrical or battery operated lighting or visual signalling for bicycles decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, imports, however, posted a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at X units in 2021, and then dropped notably in the following year.

In value terms, bicycle lighting imports rose modestly to $X in 2022. Over the period under review, imports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

China (X units), France (X units) and the Netherlands (X units) were the main suppliers of bicycle lighting imports to Belgium, together comprising X% of total imports. Germany, the Czech Republic, Spain and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Czech Republic (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest bicycle lighting suppliers to Belgium were France ($X), China ($X) and the Netherlands ($X), together accounting for X% of total imports. Spain, the Czech Republic, the United States and Germany lagged somewhat behind, together comprising a further X%.

The Czech Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average bicycle lighting import price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price 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, bicycle lighting import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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