MENA: Electronic Lamp Machine Market 2024

Electronic Lamp Machine Market Size in MENA

The MENA's electronic lamp machine market surged to $X in 2021, picking up by 29% against the previous year. Over the period under review, consumption, however, continues to indicate a deep downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Electronic Lamp Machine Production in MENA

In value terms, electronic lamp machine production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when the production volume increased by 24% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Electronic Lamp Machine Exports

Exports in MENA

After six years of growth, shipments abroad of machines for electric or electronic lamps, tubes, valves or flashbulbs decreased by -57.7% to X units in 2021. In general, exports, however, enjoyed a notable expansion. The most prominent rate of growth was recorded in 2015 with an increase of 191%. Over the period under review, the exports hit record highs at X units in 2020, and then shrank remarkably in the following year.

In value terms, electronic lamp machine exports shrank rapidly to $X in 2021. Overall, exports, however, recorded a mild expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 264% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then contracted dramatically in the following year.

Exports by Country

The United Arab Emirates prevails in exports structure, accounting for X units, which was approx. 73% of total exports in 2021. Israel (X units) held a 10% share (based on physical terms) of total exports, which put it in second place, followed by Oman (6.6%) and Bahrain (5.8%). Turkey (X units) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to electronic lamp machine exports from the United Arab Emirates stood at +6.1%. At the same time, Bahrain (+77.7%), Oman (+19.0%) and Israel (+5.3%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing exporter exported in MENA, with a CAGR of +77.7% from 2012-2021. By contrast, Turkey (-1.3%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+7.3 p.p.), Bahrain (+5.8 p.p.) and Oman (+4.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Turkey (-2.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Israel ($X) remains the largest electronic lamp machine supplier in MENA, comprising 52% of total exports. The second position in the ranking was taken by Bahrain ($X), with a 24% share of total exports. It was followed by the United Arab Emirates, with a 16% share.

From 2012 to 2021, the average annual growth rate of value in Israel totaled +2.3%. In the other countries, the average annual rates were as follows: Bahrain (+122.0% per year) and the United Arab Emirates (+0.1% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2021, falling by -69.6% against the previous year. Over the period under review, the export price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2019 an increase of 113%. Over the period under review, the export prices reached the maximum at $X per unit in 2020, and then contracted sharply in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Israel ($X per unit), while Oman ($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 (+25.0%), while the other leaders experienced a decline in the export price figures.

Electronic Lamp Machine Imports

Imports in MENA

Electronic lamp machine imports reduced rapidly to X units in 2021, with a decrease of -15.7% compared with 2020 figures. Overall, imports saw a abrupt slump. The pace of growth was the most pronounced in 2017 with an increase of 265% against the previous year. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, electronic lamp machine imports reduced dramatically to $X in 2021. In general, imports saw a deep slump. The most prominent rate of growth was recorded in 2017 with an increase of 359%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X units), distantly followed by Qatar (X units), Iran (X units), Oman (X units), Morocco (X units) and Egypt (X units) were the key importers of machines for electric or electronic lamps, tubes, valves or flashbulbs, together constituting 98% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Qatar (with a CAGR of +46.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Iran ($X), Turkey ($X) and Egypt ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 87% of total imports.

Egypt, with a CAGR of +30.1%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per unit in 2021, approximately reflecting the previous year. In general, the import price recorded perceptible growth. The most prominent rate of growth was recorded in 2018 when the import price increased by 63%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iran (+38.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform