Europe: Sealed Beam Market 2024

Sealed Beam Market Size in Europe

The Europe sealed beam market expanded notably to $X in 2022, rising by 7.4% against the previous year. The total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -13.2% against 2020 indices. The level of consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Sealed Beam Production in Europe

In value terms, sealed beam production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 33% against the previous year. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Sealed Beam Exports

Exports in Europe

For the fourth consecutive year, Europe recorded decline in overseas shipments of sealed beam lamp units, which decreased by -20.9% to X units in 2022. Over the period under review, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2013 when exports increased by 73% against the previous year. The volume of export peaked at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, sealed beam exports declined to $X in 2022. In general, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2013 with an increase of 32% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Belgium prevails in exports structure, resulting at X units, which was approx. 68% of total exports in 2022. It was distantly followed by France (X units), generating a 5.6% share of total exports. Italy (X units), Poland (X units), the Netherlands (X units), Hungary (X units), Spain (X units) and the UK (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to sealed beam exports from Belgium stood at -5.8%. Italy experienced a relatively flat trend pattern. the UK (-3.4%), France (-9.8%), Spain (-11.9%), Hungary (-19.2%), Poland (-22.8%) and the Netherlands (-27.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belgium and Italy increased by +31 and +2.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Belgium ($X) remains the largest sealed beam supplier in Europe, comprising 46% of total exports. The second position in the ranking was taken by Italy ($X), with a 16% share of total exports. It was followed by France, with an 8.9% share.

In Belgium, sealed beam exports decreased by an average annual rate of -5.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Italy (+14.8% per year) and France (+3.0% per year).

Export Prices by Country

The export price in Europe stood at $X per unit in 2022, growing by 9.9% against the previous year. Overall, the export price enjoyed strong growth. The pace of growth was the most pronounced in 2016 when the export price increased by 70% against the previous year. Over the period under review, the export prices attained the peak figure in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Italy ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+17.3%), while the other leaders experienced more modest paces of growth.

Sealed Beam Imports

Imports in Europe

After seven years of decline, overseas purchases of sealed beam lamp units increased by 9.7% to X units in 2022. Overall, imports, however, showed a abrupt descent. The pace of growth was the most pronounced in 2013 when imports increased by 58% against the previous year. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, sealed beam imports amounted to $X in 2022. In general, imports, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2013 with an increase of 40%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of sealed beam imports in 2022 were the UK (X units), France (X units) and Italy (X units), together finishing at 48% of total import. Spain (X units) held a 7.2% share (based on physical terms) of total imports, which put it in second place, followed by Poland (5.7%) and Belgium (4.7%). The following importers - Hungary (X units), Germany (X units), the Netherlands (X units), Denmark (X units), Portugal (X units), Slovakia (X units) and the Czech Republic (X units) - each resulted at a 21% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of +2.8%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, France ($X), Hungary ($X) and Italy ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 54% of total imports.

Among the main importing countries, Hungary, with a CAGR of +17.7%, saw 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 import price in Europe stood at $X per unit in 2022, dropping by -7.6% against the previous year. In general, the import price, however, recorded a measured expansion. The most prominent rate of growth was recorded in 2021 when the import price increased by 38%. As a result, import price reached the peak level of $X per unit, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hungary ($X per unit), while Slovakia ($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 (+30.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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