Europe: Market for Residential, Commercial and Industrial Lighting Fixture 2023

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

In 2021, after two years of decline, there was significant growth in the Europe market for residential, commercial and industrial lighting fixture, when its value increased by 32% to $X. The market value increased at an average annual rate of +4.0% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Residential, Commercial and Industrial Lighting Fixture in Europe

In value terms, production of residential, commercial and industrial lighting fixture rose modestly to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 6.1%. Over the period under review, production of hit record highs at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports in Europe

In 2021, approx. X units of residential, commercial and industrial lighting fixture were exported in Europe; picking up by 5.8% compared with 2020. The total export volume increased at an average annual rate of +1.8% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 when exports increased by 10% against the previous year. Over the period under review, the exports of attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, exports of residential, commercial and industrial lighting fixture skyrocketed to $X in 2021. The total export value increased at an average annual rate of +4.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 19%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

In 2021, Germany (X units), followed by Italy (X units), Poland (X units), Austria (X units), the Netherlands (X units), Spain (X units), France (X units) and Hungary (X units) represented the major exporters of residential, commercial and industrial lighting fixture, together comprising 71% of total exports. Belgium (X units), Denmark (X units), Sweden (X units), the Czech Republic (X units) and the UK (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by the Netherlands (with a CAGR of +9.8%), while the other leaders experienced more modest paces of growth.

In value terms, the largest residential, commercial and industrial lighting fixture supplying countries in Europe were Germany ($X), Italy ($X) and Austria ($X), with a combined 40% share of total exports. Poland, the Netherlands, Spain, France, Belgium, Denmark, Hungary, Sweden, the Czech Republic and the UK lagged somewhat behind, together accounting for a further 48%.

Among the main exporting countries, Poland, with a CAGR of +17.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per unit in 2021, growing by 10% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.9%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Denmark ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+8.2%), while the other leaders experienced more modest paces of growth.

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports in Europe

Imports of residential, commercial and industrial lighting fixture skyrocketed to X units in 2021, increasing by 24% compared with 2020 figures. The total import volume increased at an average annual rate of +3.6% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of residential, commercial and industrial lighting fixture soared to $X in 2021. The total import value increased at an average annual rate of +5.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of imports of residential, commercial and industrial lighting fixture in 2021 were Germany (X units), Russia (X units), France (X units), the UK (X units), the Netherlands (X units), Spain (X units), Poland (X units), Italy (X units), Switzerland (X units), Austria (X units), Belgium (X units) and Sweden (X units), together reaching 81% of total import.

From 2012 to 2021, the biggest increases were in Poland (with a CAGR of +10.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and the UK ($X) constituted the countries with the highest levels of imports in 2021, together comprising 36% of total imports. The Netherlands, Spain, Poland, Austria, Russia, Italy, Switzerland, Belgium and Sweden lagged somewhat behind, together accounting for a further 44%.

In terms of the main importing countries, Poland, with a CAGR of +15.3%, saw the highest growth rate of 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

The import price in Europe stood at $X per unit in 2021, picking up by 2.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2013 when the import price increased by 7.7% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Austria ($X per unit), while Russia ($X per unit) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

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