MENA: Electric Filament Lamp Market 2024

Electric Filament Lamp Market Size in MENA

In 2021, after three years of growth, there was significant decline in the MENA's electric filament lamp market, when its value decreased by -10% to $X. In general, consumption showed a pronounced slump. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Electric Filament Lamp Production in MENA

In value terms, electric filament lamp production declined to $X in 2021 estimated in export price. Over the period under review, production saw a perceptible curtailment. The pace of growth appeared the most rapid in 2020 when the production volume increased by 40%. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Electric Filament Lamp Exports

Exports in MENA

Electric filament lamp exports contracted notably to X units in 2021, which is down by -23.4% on the previous year. Overall, exports recorded a abrupt decrease. The smallest decline of -4.3% was in 2019. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, electric filament lamp exports declined sharply to $X in 2021. Over the period under review, exports faced a abrupt contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 3.3% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

In 2021, Turkey (X units) was the key exporter of electric filament lamps, mixing up 68% of total exports. It was distantly followed by the United Arab Emirates (X units) and Saudi Arabia (X units), together making up a 19% share of total exports. Israel (X units), Morocco (X units), Egypt (X units) and Lebanon (X units) took a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to electric filament lamp exports from Turkey stood at -8.9%. At the same time, Israel (+2.4%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in MENA, with a CAGR of +2.4% from 2012-2021. By contrast, Morocco (-3.3%), Saudi Arabia (-10.5%), Lebanon (-20.9%), the United Arab Emirates (-25.9%) and Egypt (-26.9%) illustrated a downward trend over the same period. While the share of Turkey (+33 p.p.), Israel (+2.9 p.p.), Morocco (+2.5 p.p.) and Saudi Arabia (+2.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Egypt (-4.6 p.p.) and the United Arab Emirates (-31.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest electric filament lamp supplier in MENA, comprising 66% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 16% share of total exports. It was followed by Israel, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey stood at -8.6%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (-17.4% per year) and Israel (+3.9% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2021, rising by 4.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2020 when the export price increased by 35%. Over the period under review, the export prices attained the peak figure in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Israel ($X per unit), while Lebanon ($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 (+11.5%), while the other leaders experienced more modest paces of growth.

Electric Filament Lamp Imports

Imports in MENA

In 2021, the amount of electric filament lamps imported in MENA reduced to X units, with a decrease of -9.5% compared with the year before. Overall, imports showed a deep downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 19% against the previous year. The volume of import peaked at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, electric filament lamp imports reached $X in 2021. Over the period under review, imports saw a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of 5.3%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, the United Arab Emirates (X units), distantly followed by Turkey (X units), Iraq (X units), Libya (X units), Iran (X units), Morocco (X units) and Algeria (X units) represented the main importers of electric filament lamps, together making up 81% of total imports.

From 2012 to 2021, the biggest increases were recorded for Iraq (with a CAGR of +14.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Iraq ($X) constituted the countries with the highest levels of imports in 2021, with a combined 50% share of total imports.

Iraq, with a CAGR of +11.2%, saw 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 a decline in the imports figures.

Import Prices by Country

The import price in MENA stood at $X per unit in 2021, increasing by 11% against the previous year. Over the period under review, the import price, however, saw a pronounced reduction. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Algeria (+3.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform