Eastern Europe: Market for Lighting Sets for Christmas Trees 2024

Market Size for Lighting Sets for Christmas Trees in Eastern Europe

The East European market for lighting sets for christmas trees contracted notably to $X in 2023, which is down by X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Production of Lighting Sets for Christmas Trees in Eastern Europe

In value terms, lighting set for christmas trees production soared to $X in 2023 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Exports of Lighting Sets for Christmas Trees

Exports in Eastern Europe

In 2023, exports of lighting sets for christmas trees in Eastern Europe surged to X units, jumping by X% compared with 2022 figures. Total exports indicated prominent growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, lighting set for christmas trees exports shrank significantly to $X in 2023. Total exports indicated a tangible increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Hungary prevails in exports structure, accounting for X units, which was approx. X% of total exports in 2023. It was distantly followed by Romania (X units) and Russia (X units), together committing a X% share of total exports. Slovakia (X units), Lithuania (X units), Belarus (X units) and the Czech Republic (X units) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to lighting set for christmas trees exports from Hungary stood at X%. At the same time, Lithuania (X%), Belarus (X%), Russia (X%) and Slovakia (X%) displayed positive paces of growth. Moreover, Lithuania emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2023. By contrast, the Czech Republic (X%) and Romania (X%) illustrated a downward trend over the same period. While the share of Hungary (X p.p.), Russia (X p.p.), Lithuania (X p.p.) and Belarus (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Slovakia (X p.p.), the Czech Republic (X p.p.) and Romania (X p.p.) displayed negative dynamics.

In value terms, Hungary ($X), Slovakia ($X) and Romania ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports. The Czech Republic, Russia, Lithuania and Belarus lagged somewhat behind, together comprising a further X%.

Lithuania, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2023, reducing by X% against the previous year. Over the period under review, the export price showed a perceptible shrinkage. The pace of growth was the most pronounced in 2017 an increase of X%. The level of export peaked at $X per unit in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Slovakia ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the other leaders experienced more modest paces of growth.

Imports of Lighting Sets for Christmas Trees

Imports in Eastern Europe

Lighting set for christmas trees imports contracted dramatically to X units in 2023, declining by X% on 2022. Total imports indicated pronounced growth from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. The volume of import peaked at X units in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, lighting set for christmas trees imports shrank dramatically to $X in 2023. Total imports indicated notable growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Russia was the main importing country with an import of about X units, which recorded X% of total imports. Hungary (X units) took the second position in the ranking, distantly followed by Belarus (X units) and Romania (X units). All these countries together took near X% share of total imports. The following importers - the Czech Republic (X units), Slovakia (X units) and Ukraine (X units) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to lighting set for christmas trees imports into Russia stood at X%. At the same time, Belarus (X%) and Hungary (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2023. Slovakia and the Czech Republic experienced a relatively flat trend pattern. By contrast, Romania (X%) and Ukraine (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Russia, Hungary and Belarus increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported lighting sets for christmas trees in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by the Czech Republic ($X), with an X% share of total imports. It was followed by Romania, with a X% share.

In Russia, lighting set for christmas trees imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: the Czech Republic (X% per year) and Romania (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per unit in 2023, rising by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Slovakia ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ukraine (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform