Bahrain: Lamp Holder Market 2024

Lamp Holder Market Size in Bahrain

The Bahraini lamp holder market dropped modestly to $X in 2022, with a decrease of -3.5% against the previous year. Overall, consumption showed a prominent expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then contracted slightly in the following year.

Lamp Holder Production in Bahrain

In value terms, lamp holder production dropped to $X in 2022 estimated in export price. Overall, production, however, enjoyed tangible growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 528%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Lamp Holder Exports

Exports from Bahrain

In 2022, shipments abroad of lamp holders, plugs and sockets decreased by -72.2% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, exports continue to indicate a dramatic slump. The pace of growth appeared the most rapid in 2015 with an increase of 186% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, lamp holder exports reduced sharply to $X in 2022. Overall, exports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 909% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons), Oman (X tons) and Singapore (X tons) were the main destinations of lamp holder exports from Bahrain, with a combined 1.7% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Saudi Arabia (with a CAGR of +77.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for lamp holders, plugs and sockets exports from Bahrain, comprising 76% of total exports. The second position in the ranking was held by Singapore ($X), with an 18% share of total exports. It was followed by Oman, with a 16% share.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia amounted to +124.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (+49.5% per year) and Oman (+29.1% per year).

Export Prices by Country

The average lamp holder export price stood at $X per ton in 2021, declining by -37.5% against the previous year. Over the period under review, the export price, however, enjoyed a significant increase. The growth pace was the most rapid in 2013 when the average export price increased by 599% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020, and then contracted markedly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+26.9%), while the prices for the other major destinations experienced more modest paces of growth.

Lamp Holder Imports

Imports into Bahrain

For the third year in a row, Bahrain recorded growth in purchases abroad of lamp holders, plugs and sockets, which increased by 15% to X tons in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 104% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, lamp holder imports expanded slightly to $X in 2022. Overall, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +7.3% 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 +67.3% against 2017 indices. The pace of growth appeared the most rapid in 2015 when imports increased by 47% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Imports by Country

In 2021, the United Arab Emirates (X tons) constituted the largest supplier of lamp holder to Bahrain, with a 1% share of total imports. Moreover, lamp holder imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates amounted to +13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-19.9% per year) and the UK (-31.4% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of lamp holders, plugs and sockets to Bahrain, comprising 80% of total imports. The second position in the ranking was held by China ($X), with a 1.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates stood at +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-17.1% per year) and the UK (-21.4% per year).

Import Prices by Country

In 2021, the average lamp holder import price amounted to $X per ton, picking up by 16% against the previous year. In general, the import price posted a buoyant expansion. The growth pace was the most rapid in 2017 when the average import price increased by 63%. As a result, import price reached the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform