Egypt: Lamp Holder Market 2024

Lamp Holder Market Size in Egypt

The Egyptian lamp holder market reduced to $X in 2022, falling by -13.8% against the previous year. In general, consumption, however, saw temperate growth. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Lamp Holder Production in Egypt

In value terms, lamp holder production expanded remarkably to $X in 2022 estimated in export price. Overall, production recorded a moderate expansion. The growth pace was the most rapid in 2020 with an increase of 30% against the previous year. Lamp holder production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Lamp Holder Exports

Exports from Egypt

In 2022, the amount of lamp holders, plugs and sockets exported from Egypt soared to X tons, increasing by 1,674% against the year before. In general, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of 2,509% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, lamp holder exports soared to $X in 2022. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 1,060%. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Algeria (X tons) was the main destination for lamp holder exports from Egypt, with a 1.8% share of total exports. It was followed by Lebanon (X tons), with a 0.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Algeria stood at +4.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lebanon (+14.1% per year) and Spain (+83.2% per year).

In value terms, Algeria ($X) emerged as the key foreign market for lamp holders, plugs and sockets exports from Egypt, comprising 86% of total exports. The second position in the ranking was taken by Spain ($X), with a 3.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Algeria amounted to +19.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+77.6% per year) and Lebanon (+36.8% per year).

Export Prices by Country

In 2021, the average lamp holder export price amounted to $X per ton, surging by 4.1% against the previous year. In general, the export price continues to indicate significant growth. The pace of growth was the most pronounced in 2020 an increase of 580% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Spain ($X per ton), while the average price for exports to Lebanon ($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 Lebanon (+19.9%), while the prices for the other major destinations experienced more modest paces of growth.

Lamp Holder Imports

Imports into Egypt

In 2022, supplies from abroad of lamp holders, plugs and sockets decreased by -54.1% to X tons, falling for the third consecutive year after two years of growth. In general, imports saw a noticeable decline. The pace of growth appeared the most rapid in 2013 with an increase of 1,348%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, lamp holder imports reached $X in 2022. The total import value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2015 when imports increased by 18%. Over the period under review, imports attained the maximum in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of lamp holder to Egypt, accounting for a 0.5% share of total imports. Moreover, lamp holder imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), fivefold. Turkey (X tons) ranked third in terms of total imports with a 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+8.7% per year) and Turkey (+3.5% per year).

In value terms, China ($X) constituted the largest supplier of lamp holders, plugs and sockets to Egypt, comprising 36% of total imports. The second position in the ranking was held by Spain ($X), with an 11% share of total imports. It was followed by Turkey, with an 8.5% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+5.2% per year) and Turkey (+2.8% per year).

Import Prices by Country

The average lamp holder import price stood at $X per ton in 2021, rising by 53% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the average import price increased by 449%. The import price peaked at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat 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 Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+21.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :