Lighting Set for Christmas Trees Market

The global market for lighting sets for Christmas trees is experiencing a downward trend in demand, with consumption and production levels expected to decline over the next eight years. The market is forecasted to contract in both volume and value terms, with key players like the United States, China, and Cambodia holding significant market shares. The article also highlights the trends in imports and exports, with China leading in both volume and value of exports. The average prices for lighting sets show variation among major exporting countries, with steady growth expected in the coming years.

Market Forecast

Depressed by shrinking demand for lighting set for christmas trees worldwide, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -0.5% for the period from 2022 to 2030, which is projected to depress the market volume to 844M units by the end of 2030.

In value terms, the market is forecast to contract with an anticipated CAGR of -0.5% for the period from 2022 to 2030, which is projected to bring the market value to $2.1B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Lighting Sets for Christmas Trees

In 2022, approx. 882M units of lighting sets for christmas trees were consumed worldwide; waning by -3.6% on the previous year's figure. In general, consumption continues to indicate a relatively flat trend pattern. Global consumption peaked at 1B units in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

The size of the market for lighting sets for christmas trees worldwide fell slightly to $2.2B in 2022, declining by -3.3% against 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). Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the global market attained the maximum level at $2.3B in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were the United States (162M units), China (157M units) and Cambodia (109M units), with a combined 49% share of global consumption.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by Cambodia (with a CAGR of +47.3%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest lighting set for christmas trees markets worldwide were the United States ($572M), China ($344M) and Cambodia ($246M), with a combined 54% share of the global market.

Among the main consuming countries, Cambodia, with a CAGR of +48.1%, recorded the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of lighting set for christmas trees per capita consumption was registered in Cambodia (6,341 units per 1000 persons), followed by the Netherlands (1,570 units per 1000 persons), Canada (1,177 units per 1000 persons) and the UK (533 units per 1000 persons), while the world average per capita consumption of lighting set for christmas trees was estimated at 111 units per 1000 persons.

In Cambodia, lighting set for christmas trees per capita consumption expanded at an average annual rate of +45.1% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of per capita consumption growth: the Netherlands (+6.1% per year) and Canada (+2.7% per year).

Production

World Production of Lighting Sets for Christmas Trees

In 2022, the amount of lighting sets for christmas trees produced worldwide dropped to 862M units, reducing by -4.6% compared with 2021 figures. In general, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 42%. Global production peaked at 1.1B units in 2013; however, from 2014 to 2022, production failed to regain momentum.

In value terms, lighting set for christmas trees production dropped to $1.9B in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 35%. Over the period under review, global production reached the peak level at $2.3B in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Production By Country

The country with the largest volume of lighting set for christmas trees production was China (654M units), accounting for 76% of total volume. Moreover, lighting set for christmas trees production in China exceeded the figures recorded by the second-largest producer, Cambodia (106M units), sixfold. The Philippines (24M units) ranked third in terms of total production with a 2.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China totaled -2.1%. The remaining producing countries recorded the following average annual rates of production growth: Cambodia (+46.6% per year) and the Philippines (+18.3% per year).

Imports

World Imports of Lighting Sets for Christmas Trees

In 2022, global lighting set for christmas trees imports declined to 598M units, with a decrease of -2% compared with the year before. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 16% against the previous year. As a result, imports attained the peak of 610M units, and then dropped in the following year.

In value terms, lighting set for christmas trees imports dropped modestly to $1.6B in 2022. The total import value increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. As a result, imports attained the peak of $1.6B, leveling off in the following year.

Imports By Country

In 2022, the United States (163M units) was the largest importer of lighting sets for christmas trees, creating 27% of total imports. Canada (46M units) held the second position in the ranking, followed by the Netherlands (43M units), the UK (38M units) and Germany (35M units). All these countries together held near 27% share of total imports. Mexico (26M units), Italy (18M units), Russia (16M units), Brazil (13M units), Poland (12M units) and France (11M units) took a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to lighting set for christmas trees imports into the United States stood at -1.5%. At the same time, Poland (+9.6%), the Netherlands (+7.9%), Russia (+7.6%), Mexico (+4.1%), Canada (+3.7%), Germany (+3.6%) and France (+3.6%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in the world, with a CAGR of +9.6% from 2012-2022. The UK experienced a relatively flat trend pattern. By contrast, Italy (-1.2%) and Brazil (-8.5%) illustrated a downward trend over the same period. While the share of the Netherlands (+3.6 p.p.) and Canada (+1.9 p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Brazil (-3.5 p.p.) and the United States (-6.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($603M) constitutes the largest market for imported lighting sets for christmas trees worldwide, comprising 38% of global imports. The second position in the ranking was taken by the Netherlands ($103M), with a 6.5% share of global imports. It was followed by the UK, with a 6.3% share.

In the United States, lighting set for christmas trees imports increased at an average annual rate of +1.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Netherlands (+8.6% per year) and the UK (+1.1% per year).

Import Prices By Country

The average import price for lighting sets for christmas trees stood at $2.6 per unit in 2022, growing by 1.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2021 an increase of 12% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($3.7 per unit), while Brazil ($0.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.3%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Lighting Sets for Christmas Trees

In 2022, the amount of lighting sets for christmas trees exported worldwide declined modestly to 579M units, with a decrease of -3.6% compared with 2021 figures. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 16% against the previous year. The global exports peaked at 616M units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, lighting set for christmas trees exports stood at $1.6B in 2022. The total export value increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 32% against the previous year. The global exports peaked in 2022 and are likely to continue growth in the near future.

Exports By Country

China prevails in exports structure, resulting at 498M units, which was approx. 86% of total exports in 2022. The Philippines (21M units) and the Netherlands (16M units) took a minor share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of lighting sets for christmas trees. At the same time, the Philippines (+19.8%) and the Netherlands (+11.0%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in the world, with a CAGR of +19.8% from 2012-2022. From 2012 to 2022, the share of the Philippines and the Netherlands increased by +3 and +1.7 percentage points, respectively.

In value terms, China ($1.3B) remains the largest lighting set for christmas trees supplier worldwide, comprising 82% of global exports. The second position in the ranking was taken by the Philippines ($74M), with a 4.6% share of global exports.

In China, lighting set for christmas trees exports expanded at an average annual rate of +2.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Philippines (+27.9% per year) and the Netherlands (+13.7% per year).

Export Prices By Country

The average export price for lighting sets for christmas trees stood at $2.8 per unit in 2022, increasing by 9.8% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2021 when the average export price increased by 13% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($3.7 per unit), while China ($2.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+6.8%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform