Italy: Bicycle Lighting Market 2024

Bicycle Lighting Market Size in Italy

In 2022, after four years of growth, there was significant decline in the Italian bicycle lighting market, when its value decreased by X% to $X. Overall, consumption, however, posted a significant expansion. Over the period under review, the market attained the peak level at $X in 2021, and then contracted in the following year.

Bicycle Lighting Production in Italy

In value terms, bicycle lighting production stood at $X in 2022 estimated in export price. In general, the total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Bicycle Lighting Exports

Exports from Italy

In 2022, exports of electrical or battery operated lighting or visual signalling for bicycles from Italy declined to X units, which is down by X% compared with the previous year. Over the period under review, exports faced a abrupt setback. The growth pace was the most rapid in 2019 with an increase of X%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, bicycle lighting exports contracted sharply to $X in 2022. In general, exports recorded a pronounced decline. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Romania (X units), Portugal (X units) and Spain (X units) were the main destinations of bicycle lighting exports from Italy, with a combined X% share of total exports. The United States, Hungary, Belgium, Croatia, Slovenia, France, Japan, Germany, Morocco and Saudi Arabia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) remains the key foreign market for electrical or battery operated lighting or visual signalling for bicycles exports from Italy, comprising X% of total exports. The second position in the ranking was taken by Portugal ($X), with a X% share of total exports. It was followed by Romania, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (X% per year) and Romania (X% per year).

Export Prices by Country

The average bicycle lighting export price stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked at $X per unit in 2021, and then declined notably in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Morocco ($X per unit), while the average price for exports to Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Bicycle Lighting Imports

Imports into Italy

In 2022, after three years of growth, there was decline in purchases abroad of electrical or battery operated lighting or visual signalling for bicycles, when their volume decreased by X% to X units. Over the period under review, imports, however, posted tangible growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then dropped slightly in the following year.

In value terms, bicycle lighting imports contracted significantly to $X in 2022. Overall, total imports indicated notable growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then declined markedly in the following year.

Imports by Country

China (X units), France (X units) and the Netherlands (X units) were the main suppliers of bicycle lighting imports to Italy, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), China ($X) and the Netherlands ($X) were the largest bicycle lighting suppliers to Italy, with a combined X% share of total imports.

In terms of the main suppliers, the Netherlands, with a CAGR of X%, recorded 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 average bicycle lighting import price stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for Belgium ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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