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

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

The Slovak market for residential, commercial and industrial lighting fixture expanded remarkably to $X in 2021, surging by X% against the previous year. In general, consumption continues to indicate a resilient increase. Consumption of peaked in 2021 and is likely to see gradual growth in the near future.

Production of Residential, Commercial and Industrial Lighting Fixture in Slovakia

In value terms, production of residential, commercial and industrial lighting fixture skyrocketed to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt downturn. Over the period under review, production of hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

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Exports of Residential, Commercial and Industrial Lighting Fixture

Exports from Slovakia

In 2021, the amount of residential, commercial and industrial lighting fixture exported from Slovakia declined notably to X units, falling by X% compared with the previous year's figure. In general, exports showed a deep slump. Over the period under review, the exports of hit record highs at X units in 2020, and then fell notably in the following year.

In value terms, exports of residential, commercial and industrial lighting fixture rose slightly to $X in 2021. Over the period under review, exports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

The UK (X units), the Czech Republic (X units) and Denmark (X units) were the main destinations of exports of residential, commercial and industrial lighting fixture from Slovakia, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the Czech Republic ($X), Denmark ($X) and Poland ($X) were the largest markets for residential, commercial and industrial lighting fixture exported from Slovakia worldwide, with a combined X% share of total exports.

Denmark, with a CAGR of X%, saw 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

In 2022, the average export price for residential, commercial and industrial lighting fixture amounted to less than $X per unit, dropping by X% against the previous year. In general, the export price, however, continues to indicate significant growth. The growth pace was the most rapid in 2021 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit, and then shrank rapidly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to the UK ($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 Slovakia

Imports of residential, commercial and industrial lighting fixture into Slovakia was estimated at X units in 2021, surging by X% compared with the year before. Over the period under review, imports enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the near future.

In value terms, imports of residential, commercial and industrial lighting fixture expanded significantly to $X in 2021. In general, total imports indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by X% against 2018 indices. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, imports of attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

China (X units), Slovenia (X units) and Austria (X units) were the main suppliers of imports of residential, commercial and industrial lighting fixture to Slovakia, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Slovenia (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 Slovakia were Germany ($X), the Czech Republic ($X) and China ($X), with a combined X% share of total imports. Austria, Slovenia, Poland, France and Hungary lagged somewhat behind, together comprising a further X%.

Among the main suppliers, Slovenia, with a CAGR of X%, saw the highest rates of growth with regard to 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 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. Over the period under review, the import price saw a abrupt setback. The most prominent rate of growth was recorded in 2015 when the average import price increased by X%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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