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

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

The Spanish market for residential, commercial and industrial lighting fixture skyrocketed to $X in 2021, rising by X% against the previous year. Overall, consumption saw a resilient increase. Consumption of peaked in 2021 and is expected to retain growth in years to come.

Production of Residential, Commercial and Industrial Lighting Fixture in Spain

In value terms, production of residential, commercial and industrial lighting fixture expanded sharply to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. Production of peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports from Spain

In 2021, exports of residential, commercial and industrial lighting fixture from Spain contracted to X units, which is down by X% compared with the previous year. Over the period under review, exports showed a drastic downturn. Over the period under review, the exports of hit record highs at X units in 2020, and then shrank in the following year.

In value terms, exports of residential, commercial and industrial lighting fixture soared to $X in 2021. The total export value increased at an average annual rate of X% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports of hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

France (X units), Germany (X units) and Portugal (X units) were the main destinations of exports of residential, commercial and industrial lighting fixture from Spain, together accounting for X% of total exports. Moreover, exports of residential, commercial and industrial lighting fixture in France exceeded the figures recorded by the second-largest exporter, Germany, fivefold.

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

In value terms, France ($X), Germany ($X) and Italy ($X) were the largest markets for residential, commercial and industrial lighting fixture exported from Spain worldwide, with a combined X% share of total exports.

Among the main countries of destination, Italy, with a CAGR of X%, recorded the highest rates of growth with regard to 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

In 2022, the average export price for residential, commercial and industrial lighting fixture amounted to less than $X per unit, reducing by X% against the previous year. Over the period under review, the export price, however, showed significant growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit, and then reduced markedly 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 Italy ($X per unit), while the average price for exports to France ($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 Italy (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 Spain

In 2021, the amount of residential, commercial and industrial lighting fixture imported into Spain surged to X units, picking up by X% on the previous year. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports of attained the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, imports of residential, commercial and industrial lighting fixture soared to $X in 2021. In general, total imports indicated strong 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X units), France (X units) and Germany (X units) were the main suppliers of imports of residential, commercial and industrial lighting fixture to Spain, together comprising X% of total imports. Italy, Portugal and Poland lagged somewhat behind, together accounting for a further X%. Moreover, imports of residential, commercial and industrial lighting fixture in China exceeded the figures recorded by the second-largest supplier, France, more than tenfold.

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

In value terms, China ($X), Italy ($X) and France ($X) were the largest residential, commercial and industrial lighting fixture suppliers to Spain, with a combined X% share of total imports. Germany, Poland and Portugal lagged somewhat behind, together accounting for a further X%. Moreover, imports of residential, commercial and industrial lighting fixture in China exceeded the figures recorded by the second-largest supplier, Italy, ninefold.

Among the main suppliers, Poland, 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 import price for residential, commercial and industrial lighting fixture stood at less than $X per unit in 2022, reducing by X% against the previous year. In general, the import price recorded a deep 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 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 Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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