Finland: Lamp Holder Market 2024

Lamp Holder Market Size in Finland

The Finnish lamp holder market skyrocketed to $X in 2022, picking up by 20% against the previous year. Over the period under review, consumption recorded a strong expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Lamp Holder Production in Finland

In value terms, lamp holder production contracted to $X in 2022 estimated in export price. Overall, production recorded a noticeable descent. The pace of growth was the most pronounced in 2013 when the production volume increased by 35%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Lamp Holder Exports

Exports from Finland

In 2022, overseas shipments of lamp holders, plugs and sockets decreased by -1.9% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2020 with an increase of 788%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, lamp holder exports rose remarkably to $X in 2022. Over the period under review, exports saw a noticeable downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 32% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X tons), Germany (X tons) and the Netherlands (X tons) were the main destinations of lamp holder exports from Finland, with a combined 0.6% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +49.7%), while the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X), Sweden ($X) and Germany ($X) constituted the largest markets for lamp holder exported from Finland worldwide, with a combined 47% share of total exports.

Germany, with a CAGR of +34.1%, recorded the highest growth rate of the value of exports, among 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 lamp holder export price stood at $X per ton in 2021, standing approx. at the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when the average export price increased by 719% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the average price for exports to Norway ($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 Russia (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Lamp Holder Imports

Imports into Finland

In 2022, overseas purchases of lamp holders, plugs and sockets increased by 23% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 28% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, lamp holder imports rose rapidly to $X in 2022. In general, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 35% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

China (X tons), Germany (X tons) and Sweden (X tons) were the main suppliers of lamp holder imports to Finland, together comprising 0.7% of total imports. The Netherlands, the Czech Republic, Austria, Lithuania, Estonia, Italy, France, Taiwan (Chinese), Denmark and Poland lagged somewhat behind, together comprising a further 0.3%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +14.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and Sweden ($X) were the largest lamp holder suppliers to Finland, with a combined 66% share of total imports. The Netherlands, France, Taiwan (Chinese), the Czech Republic, Estonia, Austria, Lithuania, Italy, Denmark and Poland lagged somewhat behind, together accounting for a further 21%.

The Netherlands, with a CAGR of +25.0%, 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

In 2021, the average lamp holder import price amounted to $X per ton, with an increase of 5.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.9%. The growth pace was the most rapid in 2013 when the average import price increased by 53% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was France ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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