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

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

In 2021, the Portuguese market for residential, commercial and industrial lighting fixture was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption continues to indicate a prominent expansion. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Residential, Commercial and Industrial Lighting Fixture in Portugal

In value terms, production of residential, commercial and industrial lighting fixture contracted notably to $X in 2021 estimated in export price. Overall, production continues to indicate a deep slump. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production of growth failed to regain momentum.

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Exports of Residential, Commercial and Industrial Lighting Fixture

Exports from Portugal

In 2021, the amount of residential, commercial and industrial lighting fixture exported from Portugal shrank to X units, declining by X% compared with the previous year. Over the period under review, exports recorded a mild curtailment. The exports peaked at X units in 2020, and then shrank slightly in the following year.

In value terms, exports of residential, commercial and industrial lighting fixture rose rapidly to $X in 2021. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports of failed to regain momentum.

Exports by Country

Spain (X units), France (X units) and Angola (X units) were the main destinations of exports of residential, commercial and industrial lighting fixture from Portugal, together accounting for X% of total exports. The UK, the Netherlands, Germany, Poland, Italy, Mozambique and Belgium lagged somewhat behind, together accounting for a further X%. Moreover, exports of residential, commercial and industrial lighting fixture in Spain exceeded the figures recorded by the second-largest exporter, France, twofold.

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

In value terms, Spain ($X), France ($X) and the UK ($X) appeared to be the largest markets for residential, commercial and industrial lighting fixture exported from Portugal worldwide, with a combined X% share of total exports. Angola, Germany, Italy, the Netherlands, Poland, Belgium and Mozambique lagged somewhat behind, together comprising a further X%.

Italy, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of 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

In 2022, the average export price for residential, commercial and industrial lighting fixture amounted to less than $X per unit, falling by X% against the previous year. In general, the export price, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit, and then shrank dramatically in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Spain ($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 Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports into Portugal

In 2021, imports of residential, commercial and industrial lighting fixture into Portugal surged to X units, rising by X% compared with the year before. Overall, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

In value terms, imports of residential, commercial and industrial lighting fixture skyrocketed to $X in 2021. Over the period under review, total imports indicated a resilient 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. The growth pace was the most rapid in 2014 with an increase of X%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

Spain (X units), China (X units) and the Netherlands (X units) were the main suppliers of imports of residential, commercial and industrial lighting fixture to Portugal, together accounting for X% of total imports. Italy, France, India, Germany, Hungary, Poland, Bulgaria and Austria lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest residential, commercial and industrial lighting fixture suppliers to Portugal were Spain ($X), China ($X) and Italy ($X), together accounting for X% of total imports. France, the Netherlands, Germany, Austria, Hungary, India, Bulgaria and Poland lagged somewhat behind, together comprising a further X%.

Bulgaria, with a CAGR of X%, recorded 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

The average import price for residential, commercial and industrial lighting fixture stood at less than $X per unit in 2022, dropping by X% against the previous year. In general, the import price recorded a drastic downturn. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($X per unit), while the price for India ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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