Eastern Europe: Market for Residential, Commercial and Industrial Lighting Fixture 2024

Market Size for Residential, Commercial and Industrial Lighting Fixture in Eastern Europe

For the sixth consecutive year, the East European market for residential, commercial and industrial lighting fixture recorded growth in sales value, which increased by X% to $X in 2021. Over the period under review, consumption posted resilient growth. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in years to come.

Production of Residential, Commercial and Industrial Lighting Fixture in Eastern Europe

In value terms, production of residential, commercial and industrial lighting fixture declined notably to $X in 2021 estimated in export price. Overall, production continues to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by X%. As a result, production attained the peak level of $X, and then dropped significantly in the following year.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports by Country

Poland was the key exporter of residential, commercial and industrial lighting fixture in Eastern Europe, with the volume of exports resulting at X units, which was approx. X% of total exports in 2021. It was distantly followed by Hungary (X units), the Czech Republic (X units) and Estonia (X units), together comprising a X% share of total exports. Romania (X units), Slovakia (X units), Lithuania (X units), Russia (X units), Bulgaria (X units) and Belarus (X units) took a relatively small share of total exports.

Exports from Poland increased at an average annual rate of X% from 2020 to 2021. At the same time, Belarus (X%), Estonia (X%) and Russia (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2020-2021. By contrast, Bulgaria (X%), Lithuania (X%), the Czech Republic (X%), Slovakia (X%), Hungary (X%) and Romania (X%) illustrated a downward trend over the same period. Poland (X p.p.) significantly strengthened its position in terms of the total exports, while Hungary saw its share reduced by X% from 2020 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest residential, commercial and industrial lighting fixture supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was held by Hungary ($X), with a X% share of total exports. It was followed by the Czech Republic, with a X% share.

From 2020 to 2021, the average annual growth rate of value in Poland stood at X%. In the other countries, the average annual rates were as follows: Hungary (X% per year) and the Czech Republic (X% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2021, growing 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 Estonia ($X per unit) and Bulgaria ($X per unit), while Poland ($X per unit) and Hungary ($X per unit) were amongst the lowest.

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

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports in Eastern Europe

In 2021, approx. X units of residential, commercial and industrial lighting fixture were imported in Eastern Europe; growing by X% compared with the previous year. In general, imports saw a significant increase. The growth pace was the most rapid in 2017 when imports increased by X%. The volume of import peaked in 2021 and is likely to see steady growth in the immediate term.

In value terms, imports of residential, commercial and industrial lighting fixture soared to $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by X% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Russia (X units) and Poland (X units) represented the key importers of residential, commercial and industrial lighting fixture in Eastern Europe, together achieving X% of total imports. It was distantly followed by Hungary (X units), the Czech Republic (X units) and Romania (X units), together mixing up a X% share of total imports. The following importers - Slovakia (X units) and Ukraine (X units) - each amounted to a X% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Poland (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), Russia ($X) and Hungary ($X) were the countries with the highest levels of imports in 2021, together accounting for X% of total imports.

Poland, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per unit, with a decrease of X% against the previous year. In general, the import price showed a deep reduction. The most prominent rate of growth was recorded in 2015 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Poland ($X per unit) and Ukraine ($X per unit), while Romania ($X per unit) and Slovakia ($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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