Overview of the Market for Table, Bedside And Floor Lamp in Germany
Market Overview
The German market for electric table, desk, bedside or floor standing lamp was estimated at $
in 2019, approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the market value increased by % against the previous year. Over the period under review, the market attained the maximum level at $ in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.
In value terms, table, bedside and floor lamp production declined to $ in 2019 estimated in export prices. Overall, production recorded a abrupt slump. The most prominent rate of growth was recorded in 2011 when the production volume increased by % against the previous year. Table, bedside and floor lamp production peaked at $ in 2007; however, from 2008 to 2019, production failed to regain the momentum.
in 2019, approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the market value increased by % against the previous year. Over the period under review, the market attained the maximum level at $ in 2015; however, from 2016 to 2019, consumption stood at a somewhat lower figure.In value terms, table, bedside and floor lamp production declined to $
in 2019 estimated in export prices. Overall, production recorded a abrupt slump. The most prominent rate of growth was recorded in 2011 when the production volume increased by % against the previous year. Table, bedside and floor lamp production peaked at $ in 2007; however, from 2008 to 2019, production failed to regain the momentum.Consumption
In 2019, consumption of electric table, desk, bedside or floor standing lamp was finally on the rise to reach units for the first time since 2015, thus ending a three-year declining trend. Overall, consumption, however, saw a perceptible slump. The pace of growth was the most pronounced in 2015 with an increase of % y-o-y. Over the period under review, consumption reached the peak volume at units in 2007; however, from 2008 to 2019, consumption remained at a lower figure.
The value of the market for electric table, desk, bedside or floor standing lamp in Germany amounted to $ in 2019, leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of % against the previous year. Table, bedside and floor lamp consumption peaked at $ in 2015; however, from 2016 to 2019, consumption remained at a lower figure.
units for the first time since 2015, thus ending a three-year declining trend. Overall, consumption, however, saw a perceptible slump. The pace of growth was the most pronounced in 2015 with an increase of % y-o-y. Over the period under review, consumption reached the peak volume at units in 2007; however, from 2008 to 2019, consumption remained at a lower figure.The value of the market for electric table, desk, bedside or floor standing lamp in Germany amounted to $
in 2019, leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of % against the previous year. Table, bedside and floor lamp consumption peaked at $ in 2015; however, from 2016 to 2019, consumption remained at a lower figure.Market Forecast
Depressed by shrinking demand for table, bedside and floor lamp in Germany, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from 2019 to , which is projected to depress the market volume to units by the end of .
% for the period from 2019 to , which is projected to depress the market volume to units by the end of .Market Structure
Driven by a growing demand, the share of imports in total supply in Germany increased significantly over the last twelve-year period (from % to %). Total import supply of table, bedside and floor lamp is expected to rise, though it will be moderately impacted by price increases.
% to %). Total import supply of table, bedside and floor lamp is expected to rise, though it will be moderately impacted by price increases.Trade Balance
Germany remains a net importer of table, bedside and floor lamp; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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