Egypt: Market for Ballasts For Discharge Lamps Or Tubes 2024

Market Size for Ballasts For Discharge Lamps Or Tubes in Egypt

The Egyptian ballast for discharge lamp market fell notably to $X in 2021, reducing by -39.7% against the previous year. Over the period under review, consumption saw a abrupt contraction. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Ballasts For Discharge Lamps Or Tubes in Egypt

In value terms, ballast for discharge lamp production fell dramatically to $X in 2021 estimated in export price. Overall, production recorded a abrupt decline. The pace of growth appeared the most rapid in 2020 when the production volume increased by 488% against the previous year. Ballast for discharge lamp production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Ballasts For Discharge Lamps Or Tubes

Exports from Egypt

For the fourth consecutive year, Egypt recorded decline in shipments abroad of ballasts for discharge lamps or tubes, which decreased by -44.8% to X units in 2021. Overall, exports recorded a deep slump. The pace of growth appeared the most rapid in 2015 with an increase of 598%. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, ballast for discharge lamp exports totaled $X in 2021. In general, exports, however, posted a pronounced expansion. The pace of growth appeared the most rapid in 2015 with an increase of 605%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X units), Ghana (X units) and Hong Kong SAR (X units) were the main destinations of ballast for discharge lamp exports from Egypt, together accounting for 75% of total exports.

From 2012 to 2021, the biggest increases were in Ghana (with a CAGR of +45.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ballast for discharge lamp exported from Egypt were Cote d'Ivoire ($X), the United Arab Emirates ($X) and Algeria ($X), with a combined 59% share of total exports. Saudi Arabia, France, Kuwait, Ghana, Syrian Arab Republic, Hong Kong SAR and Sudan lagged somewhat behind, together comprising a further 38%.

In terms of the main countries of destination, Ghana, with a CAGR of +54.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ballast for discharge lamp export price stood at $X per unit in 2021, rising by 82% against the previous year. In general, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 85% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Senegal (+74.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ballasts For Discharge Lamps Or Tubes

Imports into Egypt

For the fourth consecutive year, Egypt recorded decline in supplies from abroad of ballasts for discharge lamps or tubes, which decreased by -12.4% to X units in 2021. In general, imports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2015 when imports increased by 96% against the previous year. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports failed to regain momentum.

In value terms, ballast for discharge lamp imports soared to $X in 2021. Over the period under review, imports faced a drastic downturn. The pace of growth was the most pronounced in 2015 when imports increased by 99%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of ballast for discharge lamp to Egypt, accounting for a 74% share of total imports. Moreover, ballast for discharge lamp imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), more than tenfold. The third position in this ranking was held by the UK (X units), with a 4.8% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (-17.1% per year) and the UK (-11.1% per year).

In value terms, China ($X) constituted the largest supplier of ballast for discharge lamp to Egypt, comprising 49% of total imports. The second position in the ranking was held by Italy ($X), with an 11% share of total imports. It was followed by the UK, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-2.4% per year) and the UK (+1.4% per year).

Import Prices by Country

In 2021, the average ballast for discharge lamp import price amounted to $X per unit, surging by 32% against the previous year. In general, the import price posted tangible growth. The growth pace was the most rapid in 2020 when the average import price increased by 74% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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