Finland: Electric Filament Lamp Market 2024

Electric Filament Lamp Market Size in Finland

In 2021, the Finnish electric filament lamp market increased by 16% to $X, rising for the second year in a row after seven years of decline. Overall, consumption, however, showed a abrupt shrinkage. Electric filament lamp consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Electric Filament Lamp Exports

Exports from Finland

In 2021, shipments abroad of electric filament lamps increased by 28% to X units, rising for the second year in a row after two years of decline. Overall, exports, however, saw a pronounced setback. The pace of growth was the most pronounced in 2017 with an increase of 29%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, electric filament lamp exports skyrocketed to $X in 2021. In general, exports, however, showed a relatively flat trend pattern. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Estonia (X units) was the main destination for electric filament lamp exports from Finland, accounting for a 39% share of total exports. Moreover, electric filament lamp exports to Estonia exceeded the volume sent to the second major destination, Sweden (X units), threefold. The third position in this ranking was held by Russia (X units), with a 5% share.

From 2012 to 2021, the average annual growth rate of volume to Estonia stood at -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (-6.9% per year) and Russia (-0.9% per year).

In value terms, the largest markets for electric filament lamp exported from Finland were the United States ($X), Estonia ($X) and Sweden ($X), together comprising 52% of total exports.

The United States, with a CAGR of +31.8%, 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

The average electric filament lamp export price stood at $X per unit in 2021, growing by 17% against the previous year. Over the period under review, export price indicated noticeable growth from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electric filament lamp export price increased by +107.6% against 2017 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 81% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Estonia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+11.5%), while the prices for the other major destinations experienced mixed trend patterns.

Electric Filament Lamp Imports

Imports into Finland

In 2021, purchases abroad of electric filament lamps increased by 11% to X units, rising for the second consecutive year after seven years of decline. Overall, imports, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 177% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, electric filament lamp imports soared to $X in 2021. In general, imports, however, showed a abrupt slump. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Sweden (X units) was the main electric filament lamp supplier to Finland, with a 148% share of total imports. Moreover, electric filament lamp imports from Sweden exceeded the figures recorded by the second-largest supplier, the UK (X units), tenfold. Germany (X units) ranked third in terms of total imports with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Sweden stood at +38.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+28.3% per year) and Germany (-12.2% per year).

In value terms, Sweden ($X), the UK ($X) and Germany ($X) constituted the largest electric filament lamp suppliers to Finland, with a combined 72% share of total imports.

Among the main suppliers, the UK, with a CAGR of +14.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average electric filament lamp import price amounted to $X per unit, with an increase of 26% against the previous year. Overall, the import price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2019 an increase of 353%. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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