Global Automotive Lighting Market 2024

Automotive Lighting Market Size

The global automotive lighting market soared to $X in 2022, picking up by X% against the previous year. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2016 indices. Global consumption peaked in 2022 and is likely to see gradual growth in the near future.

Automotive Lighting Production

In value terms, automotive lighting production expanded to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. Global production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Automotive Lighting Exports

Exports

In 2022, shipments abroad of automotive lighting increased by X% to X units, rising for the second year in a row after two years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X%. The global exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, automotive lighting exports expanded modestly to $X in 2022. Overall, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the global exports reached the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

China was the major exporting country with an export of about X units, which amounted to X% of total exports. South Korea (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Mexico (X%) and Japan (X%). Taiwan (Chinese) (X units), the Czech Republic (X units), the United States (X units), the UK (X units), Germany (X units), Slovakia (X units), Morocco (X units), India (X units) and Thailand (X units) took a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to automotive lighting exports from China stood at X%. At the same time, Morocco (X%), South Korea (X%), the UK (X%), Mexico (X%), Japan (X%), India (X%), Slovakia (X%) and Thailand (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, the United States (X%), the Czech Republic (X%) and Germany (X%) illustrated a downward trend over the same period. While the share of South Korea (X p.p.), China (X p.p.), Mexico (X p.p.), Japan (X p.p.), Morocco (X p.p.) and the UK (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Taiwan (Chinese) (X p.p.), the United States (X p.p.), the Czech Republic (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Germany ($X) and Mexico ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of global exports. Taiwan (Chinese), the United States, the Czech Republic, Slovakia, South Korea, Japan, Thailand, the UK, Morocco and India lagged somewhat behind, together accounting for a further X%.

Morocco, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average automotive lighting export price stood at $X per unit in 2022, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

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

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

Automotive Lighting Imports

Imports

In 2022, approx. X units of automotive lighting were imported worldwide; leveling off at 2021 figures. In general, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2015 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. Global imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, automotive lighting imports amounted to $X in 2022. Over the period under review, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Global imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, the United States (X units) was the key importer of automotive lighting, achieving X% of total imports. India (X units) ranks second in terms of the total imports with a X% share, followed by Germany (X%) and China (X%). The following importers - Brazil (X units), Spain (X units), France (X units), Italy (X units) and Colombia (X units) - together made up X% of total imports.

Imports into the United States increased at an average annual rate of X% from 2012 to 2022. At the same time, India (X%), Colombia (X%), Italy (X%), Spain (X%), China (X%), Brazil (X%) and France (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Germany experienced a relatively flat trend pattern. While the share of the United States (X p.p.) and India (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest automotive lighting importing markets worldwide were the United States ($X), Germany ($X) and China ($X), together accounting for X% of global imports. Spain, France, Italy, Brazil, India and Colombia lagged somewhat behind, together comprising a further X%.

India, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average automotive lighting import price stood at $X per unit in 2022, remaining stable against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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