Iran: Electric Filament Lamp Market 2024

Electric Filament Lamp Market Size in Iran

In 2021, the Iranian electric filament lamp market decreased by -17.2% to $X, falling for the fifth year in a row after two years of growth. Overall, consumption recorded a deep slump. Electric filament lamp consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Electric Filament Lamp Exports

Exports from Iran

In 2021, the amount of electric filament lamps exported from Iran reduced remarkably to X units, which is down by -66.1% on the previous year's figure. Over the period under review, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by 195% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, electric filament lamp exports fell notably to $X in 2021. In general, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2018 with an increase of 106% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Turkey (X units) was the main destination for electric filament lamp exports from Iran, accounting for a 246% share of total exports. Moreover, electric filament lamp exports to Turkey exceeded the volume sent to the second major destination, Uganda (X units), more than tenfold. The third position in this ranking was held by Kazakhstan (X units), with an 8.6% share.

From 2012 to 2020, the average annual growth rate of volume to Turkey totaled +194.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uganda (0.0% per year) and Kazakhstan (+39.3% per year).

In value terms, Turkey ($X) remains the key foreign market for electric filament lamps exports from Iran, comprising 73% of total exports. The second position in the ranking was held by Azerbaijan ($X), with a 9.2% share of total exports. It was followed by Kazakhstan, with a 3.9% share.

From 2012 to 2020, the average annual growth rate of value to Turkey totaled +73.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (-21.4% per year) and Kazakhstan (+46.0% per year).

Export Prices by Country

The average electric filament lamp export price stood at $X per unit in 2020, waning by -48.4% against the previous year. Overall, the export price, however, continues to indicate a mild expansion. The growth pace was the most rapid in 2019 when the average export price increased by 67% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2020, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2020, amid the top suppliers, the country with the highest price was Azerbaijan ($X per unit), while the average price for exports to Uganda (less than $X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Madagascar (+86.1%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Filament Lamp Imports

Imports into Iran

In 2021, overseas purchases of electric filament lamps decreased by -27.1% to X units, falling for the fifth year in a row after two years of growth. Overall, imports saw a deep setback. The pace of growth appeared the most rapid in 2013 with an increase of 154% against the previous year. Over the period under review, imports reached the maximum at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, electric filament lamp imports dropped to $X in 2021. In general, imports showed a deep reduction. The most prominent rate of growth was recorded in 2013 when imports increased by 130% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), the United Arab Emirates (X units) and South Korea (X units) were the main suppliers of electric filament lamp imports to Iran, with a combined 58% share of total imports.

From 2012 to 2020, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +5.8%), while imports for the other leaders experienced a decline.

In value terms, China ($X), the United Arab Emirates ($X) and South Korea ($X) appeared to be the largest electric filament lamp suppliers to Iran.

China, with a CAGR of +1.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average electric filament lamp import price stood at $X per unit in 2020, which is down by -17.4% against the previous year. Over the period under review, the import price saw a pronounced decline. The pace of growth appeared the most rapid in 2018 when the average import price increased by 20%. As a result, import price reached the peak level of $X per unit. From 2019 to 2020, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per unit), while the price for the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by South Korea (+37.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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