Belgium: Lamp Holder Market 2024

Lamp Holder Market Size in Belgium

In 2022, the Belgian lamp holder market decreased by -17.4% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X, and then declined sharply in the following year.

Lamp Holder Production in Belgium

In value terms, lamp holder production fell to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.7% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when the production volume increased by 20%. As a result, production attained the peak level of $X, and then shrank in the following year.

Lamp Holder Exports

Exports from Belgium

In 2022, overseas shipments of lamp holders, plugs and sockets increased by 11% to X tons, rising for the seventh year in a row after two years of decline. In general, exports recorded a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by 59%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, lamp holder exports totaled $X in 2022. Over the period under review, exports posted a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 48%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X tons) was the main destination for lamp holder exports from Belgium, with a 0.3% share of total exports. Moreover, lamp holder exports to Germany exceeded the volume sent to the second major destination, Italy (X tons), fourfold. France (X tons) ranked third in terms of total exports with a 0.1% share.

From 2012 to 2021, the average annual growth rate of volume to Germany totaled +14.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+27.2% per year) and France (+2.8% per year).

In value terms, Germany ($X) remains the key foreign market for lamp holders, plugs and sockets exports from Belgium, comprising 23% of total exports. The second position in the ranking was taken by the UK ($X), with an 8.2% share of total exports. It was followed by France, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany amounted to +16.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+24.5% per year) and France (+8.9% per year).

Export Prices by Country

The average lamp holder export price stood at $X per ton in 2021, waning by -1.9% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 38%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

Lamp Holder Imports

Imports into Belgium

In 2022, overseas purchases of lamp holders, plugs and sockets decreased by -30.4% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports, however, continue to indicate buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 159%. As a result, imports attained the peak of X tons, and then contracted rapidly in the following year.

In value terms, lamp holder imports expanded markedly to $X in 2022. In general, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2020 when imports increased by 35%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

Germany (X tons), the Netherlands (X tons) and China (X tons) were the main suppliers of lamp holder imports to Belgium, together comprising 0.4% of total imports.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +20.6%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest lamp holder suppliers to Belgium were Germany ($X), the Netherlands ($X) and China ($X), with a combined 71% share of total imports.

The Netherlands, with a CAGR of +18.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average lamp holder import price amounted to $X per ton, falling by -52.4% against the previous year. In general, the import price showed a abrupt contraction. The growth pace was the most rapid in 2018 when the average import price increased by 26% against the previous year. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Italy (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :