MENA: Market for Ballasts For Discharge Lamps Or Tubes 2024

Market Size for Ballasts For Discharge Lamps Or Tubes in MENA

The MENA's ballast for discharge lamp market fell sharply to $X in 2021, waning by -22.4% against the previous year. Overall, consumption faced a deep downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Ballasts For Discharge Lamps Or Tubes in MENA

In value terms, ballast for discharge lamp production shrank significantly to $X in 2021 estimated in export price. Over the period under review, production showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by 76%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Ballasts For Discharge Lamps Or Tubes

Exports in MENA

After three years of decline, shipments abroad of ballasts for discharge lamps or tubes increased by 19% to X units in 2021. Over the period under review, exports, however, continue to indicate a deep reduction. The growth pace was the most rapid in 2017 with an increase of 30% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, ballast for discharge lamp exports surged to $X in 2021. Overall, exports, however, faced a deep downturn. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates was the main exporting country with an export of around X units, which recorded 61% of total exports. Morocco (X units) ranks second in terms of the total exports with a 19% share, followed by Turkey (13%). Tunisia (X units) took a little share of total exports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of exports of ballasts for discharge lamps or tubes. At the same time, Morocco (+19.3%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in MENA, with a CAGR of +19.3% from 2012-2021. By contrast, Turkey (-12.4%) and Tunisia (-37.6%) illustrated a downward trend over the same period. The United Arab Emirates (+47 p.p.), Morocco (+18 p.p.) and Turkey (+3.7 p.p.) significantly strengthened its position in terms of the total exports, while Tunisia saw its share reduced by -55.1% from 2012 to 2021, respectively.

In value terms, the United Arab Emirates ($X) emerged as the largest ballast for discharge lamp supplier in MENA, comprising 63% of total exports. The second position in the ranking was taken by Turkey ($X), with a 21% share of total exports. It was followed by Morocco, with a 6.2% share.

In the United Arab Emirates, ballast for discharge lamp exports increased at an average annual rate of +6.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Turkey (-8.2% per year) and Morocco (+0.9% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2021, rising by 25% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.5%. The growth pace was the most rapid in 2013 when the export price increased by 36% against the previous year. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Turkey ($X per unit), while Morocco ($X per unit) 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 (+7.7%), while the other leaders experienced more modest paces of growth.

Imports of Ballasts For Discharge Lamps Or Tubes

Imports in MENA

In 2021, supplies from abroad of ballasts for discharge lamps or tubes decreased by -33.8% to X units, falling for the eighth consecutive year after two years of growth. In general, imports showed a abrupt downturn. The pace of growth was the most pronounced in 2013 when imports increased by 0.2%. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, ballast for discharge lamp imports plummeted to $X in 2021. Overall, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2013 when imports increased by 6.2%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X units) and the United Arab Emirates (X units) represented the main importers of ballasts for discharge lamps or tubes in MENA, together mixing up 55% of total imports. Kuwait (X units) held a 7.2% share (based on physical terms) of total imports, which put it in second place, followed by Egypt (6.9%), Oman (6.1%) and Iran (4.7%). Morocco (X units), Qatar (X units), Israel (X units), Iraq (X units), Libya (X units), Algeria (X units) and Tunisia (X units) held a minor share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Oman (with a CAGR of +2.2%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Egypt ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 39% share of total imports. Iran, Israel, Qatar, Oman, Kuwait, Iraq, Morocco, Algeria, Tunisia and Libya lagged somewhat behind, together comprising a further 36%.

In terms of the main importing countries, Oman, with a CAGR of +0.3%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in MENA amounted to $X per unit, increasing by 26% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tunisia (+8.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform