MENA: Market for Residential, Commercial and Industrial Lighting Fixture 2024

Market Size for Residential, Commercial and Industrial Lighting Fixture in MENA

After two years of decline, the MENA's market for residential, commercial and industrial lighting fixture increased by 4.9% to $X in 2021. The market value increased at an average annual rate of +4.9% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Residential, Commercial and Industrial Lighting Fixture in MENA

In value terms, production of residential, commercial and industrial lighting fixture surged to $X in 2021 estimated in export price. Over the period under review, production, however, posted a strong increase. The most prominent rate of growth was recorded in 2018 with an increase of 57% against the previous year. Over the period under review, production of hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports in MENA

After three years of decline, shipments abroad of residential, commercial and industrial lighting fixture increased by 26% to X units in 2021. Overall, exports, however, showed a noticeable contraction. Over the period under review, the exports of hit record highs at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, exports of residential, commercial and industrial lighting fixture surged to $X in 2021. In general, exports showed a relatively flat trend pattern. The level of export peaked at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Turkey (X units) was the major exporter of residential, commercial and industrial lighting fixture, making up 72% of total exports. The United Arab Emirates (X units) held the second position in the ranking, followed by Saudi Arabia (X units). All these countries together held near 18% share of total exports. Morocco (X units) and Egypt (X units) held a minor share of total exports.

Turkey experienced a relatively flat trend pattern with regard to volume of exports of residential, commercial and industrial lighting fixture. At the same time, Saudi Arabia (+8.6%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in MENA, with a CAGR of +8.6% from 2012-2021. By contrast, the United Arab Emirates (-9.0%), Egypt (-10.8%) and Morocco (-12.0%) illustrated a downward trend over the same period. While the share of Turkey (+19 p.p.) and Saudi Arabia (+3.5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Egypt (-2 p.p.), Morocco (-4.9 p.p.) and the United Arab Emirates (-10.4 p.p.) displayed negative dynamics.

In value terms, Turkey ($X) remains the largest residential, commercial and industrial lighting fixture supplier in MENA, comprising 77% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 7% share of total exports. It was followed by Egypt, with a 5.6% share.

In Turkey, exports of residential, commercial and industrial lighting fixture expanded at an average annual rate of +2.6% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (-3.2% per year) and Egypt (-5.9% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per unit, growing by 6.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2018 an increase of 9.6% against the previous year. Over the period under review, the export prices hit record highs in 2021 and is likely to see steady growth in the immediate term.

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 Egypt ($X per unit), while Saudi Arabia ($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 (+6.4%), while the other leaders experienced more modest paces of growth.

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports in MENA

In 2021, purchases abroad of residential, commercial and industrial lighting fixture was finally on the rise to reach X units after three years of decline. Total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -34.3% against 2014 indices. The most prominent rate of growth was recorded in 2014 with an increase of 44% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports of failed to regain momentum.

In value terms, imports of residential, commercial and industrial lighting fixture soared to $X in 2021. Total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 35%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

The countries with the highest levels of imports of residential, commercial and industrial lighting fixture in 2021 were the United Arab Emirates (X units), Qatar (X units), Iraq (X units), Israel (X units) and Morocco (X units), together accounting for 70% of total import. It was distantly followed by Turkey (X units), generating a 5.3% share of total imports. Oman (X units), Libya (X units), Jordan (X units), Kuwait (X units), Algeria (X units) and Bahrain (X units) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Iraq (with a CAGR of +17.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported residential, commercial and industrial lighting fixture in MENA, comprising 26% of total imports. The second position in the ranking was held by Israel ($X), with a 12% share of total imports. It was followed by Iraq, with an 11% share.

In the United Arab Emirates, imports of residential, commercial and industrial lighting fixture expanded at an average annual rate of +8.5% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Israel (+8.4% per year) and Iraq (+26.4% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per unit, growing by 3.9% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of 29% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Algeria (+17.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform