GCC: Tungsten Halogen Lamp Market 2024

Tungsten Halogen Lamp Market Size in GCC

In 2021, the GCC tungsten halogen lamp market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -17.7% against 2016 indices. The level of consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Tungsten Halogen Lamp Production in GCC

In value terms, tungsten halogen lamp production rose markedly to $X in 2021 estimated in export price. The total production indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +7.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -16.9% against 2016 indices. The growth pace was the most rapid in 2014 with an increase of 41%. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Tungsten Halogen Lamp Exports

Exports in GCC

Tungsten halogen lamp exports contracted to X units in 2021, which is down by -7.9% on 2020 figures. Over the period under review, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2017 with an increase of 47%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, tungsten halogen lamp exports fell significantly to $X in 2021. In general, exports saw a abrupt descent. The pace of growth was the most pronounced in 2017 when exports increased by 91%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates prevails in exports structure, finishing at X units, which was near 92% of total exports in 2021. It was distantly followed by Oman (X units), comprising a 6.7% share of total exports.

Exports from the United Arab Emirates decreased at an average annual rate of -22.9% from 2012 to 2021. At the same time, Oman (+40.5%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +40.5% from 2012-2021. From 2012 to 2021, the share of Oman increased by +6.7 percentage points.

In value terms, the United Arab Emirates ($X) remains the largest tungsten halogen lamp supplier in GCC, comprising 88% of total exports. The second position in the ranking was taken by Oman ($X), with a 6.7% share of total exports.

In the United Arab Emirates, tungsten halogen lamp exports contracted by an average annual rate of -16.4% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in GCC amounted to $X per unit, waning by -15.4% against the previous year. In general, the export price, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2016 when the export price increased by 130%. The level of export peaked at $X per unit in 2020, and then reduced markedly in the following year.

Average prices varied noticeably amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Oman ($X per unit), while the United Arab Emirates totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.4%).

Tungsten Halogen Lamp Imports

Imports in GCC

In 2021, purchases abroad of tungsten halogen lamps increased by 24% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports, however, saw a drastic downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 29%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, tungsten halogen lamp imports surged to $X in 2021. Overall, imports, however, saw a pronounced contraction. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates dominates imports structure, reaching X units, which was approx. 88% of total imports in 2021. It was distantly followed by Kuwait (X units), generating a 5.4% share of total imports. The following importers - Oman (X units) and Bahrain (X units) - each resulted at a 6% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to tungsten halogen lamp imports into the United Arab Emirates stood at -6.7%. Bahrain experienced a relatively flat trend pattern. Oman (-16.8%) and Kuwait (-17.7%) illustrated a downward trend over the same period. The United Arab Emirates (+12 p.p.) significantly strengthened its position in terms of the total imports, while Oman and Kuwait saw its share reduced by -4.8% and -8.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported tungsten halogen lamps in GCC, comprising 80% of total imports. The second position in the ranking was taken by Bahrain ($X), with a 2.5% share of total imports. It was followed by Kuwait, with a 2.4% share.

In the United Arab Emirates, tungsten halogen lamp imports plunged by an average annual rate of -4.6% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Bahrain (+8.9% per year) and Kuwait (-13.3% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2021, jumping by 26% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.8%. The pace of growth appeared the most rapid in 2013 when the import price increased by 74% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bahrain ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+9.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform