MENA: Market for Special-Purpose Electric Lamps and Lighting Fittings 2024

Market Size for Special-Purpose Electric Lamps and Lighting Fittings in MENA

The MENA's market for special-purpose electric lamps and lighting fittings contracted to $X in 2022, shrinking by -8.1% against the previous year. The total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -10.6% against 2019 indices. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Special-Purpose Electric Lamps and Lighting Fittings in MENA

In value terms, production of special-purpose electric lamps and lighting fittings contracted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate buoyant growth. The pace of growth appeared the most rapid in 2014 when the production volume increased by 37%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Special-Purpose Electric Lamps and Lighting Fittings

Exports in MENA

In 2022, overseas shipments of special-purpose electric lamps and lighting fittings increased by 5.4% to X units, rising for the second year in a row after three years of decline. In general, exports saw a pronounced increase. The most prominent rate of growth was recorded in 2014 with an increase of 177% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of special-purpose electric lamps and lighting fittings reduced to $X in 2022. Overall, exports recorded temperate growth. The most prominent rate of growth was recorded in 2014 when exports increased by 172% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports of failed to regain momentum.

Exports by Country

The United Arab Emirates (X units) and Turkey (X units) prevails in fittings structure, together constituting 83% of total exports. It was distantly followed by Oman (X units), creating a 5.7% share of total exports. The following exporters - Saudi Arabia (X units), Tunisia (X units) and Morocco (X units) - together made up 7.4% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Oman (with a CAGR of +33.0%), while the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest special-purpose electric lamp and lighting fitting supplier in MENA, comprising 59% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 19% share of total exports. It was followed by Saudi Arabia, with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey stood at +2.4%. In the other countries, the average annual rates were as follows: the United Arab Emirates (+2.5% per year) and Saudi Arabia (+6.9% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, declining by -11.3% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by 21%. Over the period under review, the export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tunisia (+6.8%), while the other leaders experienced more modest paces of growth.

Imports of Special-Purpose Electric Lamps and Lighting Fittings

Imports in MENA

In 2022, the amount of special-purpose electric lamps and lighting fittings imported in MENA stood at X units, almost unchanged from 2021 figures. Over the period under review, imports posted resilient growth. The pace of growth was the most pronounced in 2014 when imports increased by 44% against the previous year. Over the period under review, imports of attained the peak figure at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of special-purpose electric lamps and lighting fittings declined to $X in 2022. Total imports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +28.8% against 2016 indices. The pace of growth was the most pronounced in 2014 with an increase of 33%. The level of import peaked at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, the United Arab Emirates (X units), distantly followed by Iraq (X units), Algeria (X units), Morocco (X units), Tunisia (X units), Oman (X units), Turkey (X units) and Libya (X units) were the main importers of special-purpose electric lamps and lighting fittings, together constituting 77% of total imports. Jordan (X units), Iran (X units), Israel (X units), Kuwait (X units) and Yemen (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Tunisia (with a CAGR of +26.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported special-purpose electric lamps and lighting fittings in MENA, comprising 31% of total imports. The second position in the ranking was taken by Iraq ($X), with a 14% share of total imports. It was followed by Morocco, with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled +11.2%. The remaining importing countries recorded the following average annual rates of imports growth: Iraq (+28.2% per year) and Morocco (+13.4% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, waning by -6.6% against the previous year. In general, the import price recorded a noticeable decrease. The pace of growth was the most pronounced in 2020 an increase of 11%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per unit), while Tunisia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform