GCC: Market for Parts For Electric Filament Or Discharge Lamps 2025

Exports of Parts For Electric Filament Or Discharge Lamps

Exports in GCC

In 2021, exports of parts for electric filament or discharge lamps in GCC skyrocketed to X tons, jumping by 22% against 2020. Overall, exports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2013 with an increase of 24%. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, electric filament lamp parts exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a abrupt descent. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates dominates exports structure, finishing at X tons, which was near 85% of total exports in 2021. It was distantly followed by Saudi Arabia (X tons) and Oman (X tons), together comprising a 15% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to electric filament lamp parts exports from the United Arab Emirates stood at -11.3%. At the same time, Oman (+85.5%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +85.5% from 2012-2021. By contrast, Saudi Arabia (-14.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Oman increased by +6.1 percentage points.

In value terms, the United Arab Emirates ($X) remains the largest electric filament lamp parts supplier in GCC, comprising 83% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 9% share of total exports.

In the United Arab Emirates, electric filament lamp parts exports contracted by an average annual rate of -10.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Saudi Arabia (-16.4% per year) and Oman (+47.9% per year).

Export Prices by Country

In 2021, the export price in GCC amounted to $X per ton, with an increase of 64% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 104%. Over the period under review, the export prices hit record highs in 2021 and is likely to see steady growth in years to come.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Oman ($X per ton), while the United Arab Emirates ($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 United Arab Emirates (+0.7%), while the other leaders experienced a decline in the export price figures.

Imports of Parts For Electric Filament Or Discharge Lamps

Imports in GCC

Electric filament lamp parts imports declined to X tons in 2021, which is down by -7.6% compared with 2020. In general, imports recorded a perceptible contraction. The pace of growth was the most pronounced in 2019 with an increase of 47% against the previous year. The volume of import peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, electric filament lamp parts imports shrank markedly to $X in 2021. Overall, imports recorded a noticeable descent. The pace of growth appeared the most rapid in 2019 when imports increased by 84%. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

The United Arab Emirates was the largest importer of parts for electric filament or discharge lamps in GCC, with the volume of imports amounting to X tons, which was near 55% of total imports in 2021. Saudi Arabia (X tons) held the second position in the ranking, distantly followed by Bahrain (X tons). All these countries together held near 40% share of total imports. Qatar (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Bahrain (with a CAGR of +22.7%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the United Arab Emirates ($X), Saudi Arabia ($X) and Qatar ($X) were the countries with the highest levels of imports in 2021, together accounting for 96% of total imports. These countries were followed by Bahrain, which accounted for a further 1.8%.

Bahrain, with a CAGR of +8.5%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in GCC stood at $X per ton in 2021, waning by -8.1% against the previous year. Import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, electric filament lamp parts import price increased by +59.4% against 2016 indices. The pace of growth appeared the most rapid in 2019 when the import price increased by 25%. The level of import peaked at $X per ton in 2020, and then shrank in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Saudi Arabia ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+8.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform