Benelux: Electric Filament Lamp Market 2024

Electric Filament Lamp Market Size in Benelux

After three years of growth, the Benelux electric filament lamp market decreased by -19.9% to $X in 2021. Over the period under review, consumption continues to indicate a abrupt decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Electric Filament Lamp Production in Benelux

In value terms, electric filament lamp production declined remarkably to $X in 2021 estimated in export price. Overall, production faced a abrupt descent. The most prominent rate of growth was recorded in 2020 when the production volume increased by 112% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Electric Filament Lamp Exports

Exports in Benelux

In 2021, shipments abroad of electric filament lamps increased by 18% to X units, rising for the second year in a row after three years of decline. Over the period under review, exports, however, recorded a noticeable slump. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, electric filament lamp exports skyrocketed to $X in 2021. Overall, exports, however, saw a deep contraction. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Belgium (X units) and the Netherlands (X units) represented roughly 76% of total exports in 2021. It was distantly followed by Luxembourg (X units), making up a 24% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Luxembourg (with a CAGR of +14.0%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest electric filament lamp supplying countries in Benelux were the Netherlands ($X), Belgium ($X) and Luxembourg ($X).

Among the main exporting countries, Luxembourg, with a CAGR of +12.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Benelux amounted to $X per unit, shrinking by -2.1% against the previous year. Over the period under review, the export price continues to indicate a pronounced downturn. The pace of growth was the most pronounced in 2014 when the export price increased by 34% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while Luxembourg ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+1.2%), while the other leaders experienced a decline in the export price figures.

Electric Filament Lamp Imports

Imports in Benelux

In 2021, supplies from abroad of electric filament lamps decreased by -18.1% to X units, falling for the third year in a row after two years of growth. Overall, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 when imports increased by 28% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, electric filament lamp imports surged to $X in 2021. Over the period under review, imports recorded a pronounced setback. The most prominent rate of growth was recorded in 2018 when imports increased by 24%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Belgium was the key importer of electric filament lamps in Benelux, with the volume of imports recording X units, which was approx. 70% of total imports in 2021. The Netherlands (X units) held a 23% share (based on physical terms) of total imports, which put it in second place, followed by Luxembourg (6.9%).

Imports into Belgium decreased at an average annual rate of -2.5% from 2012 to 2021. At the same time, Luxembourg (+1.5%) displayed positive paces of growth. Moreover, Luxembourg emerged as the fastest-growing importer imported in Benelux, with a CAGR of +1.5% from 2012-2021. By contrast, the Netherlands (-11.1%) illustrated a downward trend over the same period. While the share of Belgium (+15 p.p.) and Luxembourg (+3.1 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the Netherlands (-18.1 p.p.) displayed negative dynamics.

In value terms, Belgium ($X) constitutes the largest market for imported electric filament lamps in Benelux, comprising 64% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 31% share of total imports.

From 2012 to 2021, the average annual growth rate of value in Belgium was relatively modest. In the other countries, the average annual rates were as follows: the Netherlands (-8.9% per year) and Luxembourg (-1.1% per year).

Import Prices by Country

The import price in Benelux stood at $X per unit in 2021, jumping by 46% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. Over the period under review, import prices reached the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while Luxembourg ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+2.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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