CIS: Market for Residential, Commercial and Industrial Lighting Fixture 2024

Market Size for Residential, Commercial and Industrial Lighting Fixture in CIS

In 2021, the CIS market for residential, commercial and industrial lighting fixture increased by X% to $X, rising for the fifth year in a row after four years of decline. Overall, consumption posted buoyant growth. The level of consumption peaked in 2021 and is expected to retain growth in years to come.

Production of Residential, Commercial and Industrial Lighting Fixture in CIS

In value terms, production of residential, commercial and industrial lighting fixture shrank notably to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X,665,100% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production of growth remained at a somewhat lower figure.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports by Country

Russia represented the main exporter of residential, commercial and industrial lighting fixture in the CIS, with the volume of exports recording X units, which was near X% of total exports in 2021. Belarus (X units) took the second position in the ranking, distantly followed by Moldova (X units). All these countries together took near X% share of total exports. Kyrgyzstan (X units) took a relatively small share of total exports.

Exports from Russia increased at an average annual rate of X% from 2020 to 2021. At the same time, Belarus (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2020-2021. By contrast, Moldova (X%) and Kyrgyzstan (X%) illustrated a downward trend over the same period. From 2020 to 2021, the share of Belarus increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest residential, commercial and industrial lighting fixture supplier in the CIS, comprising X% of total exports. The second position in the ranking was held by Belarus ($X), with a X% share of total exports. It was followed by Moldova, with a X% share.

From 2020 to 2021, the average annual rate of growth in terms of value in Russia totaled X%. In the other countries, the average annual rates were as follows: Belarus (X% per year) and Moldova (X% per year).

Export Prices by Country

The export price in the CIS stood at $X per unit in 2021, rising by X% against the previous year. Over the period from 2020 to 2021, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Moldova ($X per unit) and Kyrgyzstan ($X per unit), while Belarus ($X per unit) and Russia ($X per unit) were amongst the lowest.

From 2020 to 2021, the most notable rate of growth in terms of prices was attained by Moldova (X%), while the other leaders experienced more modest paces of growth.

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports in CIS

In 2021, the amount of residential, commercial and industrial lighting fixture imported in the CIS surged to X units, rising by X% against 2020. In general, imports posted a significant increase. The pace of growth appeared the most rapid in 2017 when imports increased by X%. The volume of import peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, imports of residential, commercial and industrial lighting fixture skyrocketed to $X in 2021. Overall, imports showed tangible growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia represented the largest importer of residential, commercial and industrial lighting fixture in the CIS, with the volume of imports reaching X units, which was near X% of total imports in 2021. It was distantly followed by Kazakhstan (X units) and Belarus (X units), together mixing up a X% share of total imports. The following importers - Azerbaijan (X units), Uzbekistan (X units) and Moldova (X units) - together made up X% of total imports.

From 2012 to 2021, average annual rates of growth with regard to residential, commercial and industrial lighting fixture imports into Russia stood at X%. At the same time, Uzbekistan (X%), Azerbaijan (X%), Moldova (X%), Kazakhstan (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Uzbekistan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2021. While the share of Kazakhstan (X p.p.), Uzbekistan (X p.p.) and Belarus (X p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported residential, commercial and industrial lighting fixture in the CIS, comprising X% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a X% share of total imports. It was followed by Belarus, with a X% share.

From 2012 to 2021, the average annual growth rate of value in Russia totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Belarus (X% per year).

Import Prices by Country

In 2021, the import price in the CIS amounted to $X per unit, dropping by X% against the previous year. In general, the import price showed a drastic downturn. The growth pace was the most rapid in 2015 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Belarus ($X per unit) and Russia ($X per unit), while Uzbekistan ($X per unit) and Azerbaijan ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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