Middle East: Lamp Plastic Parts Market 2024

Lamp Plastic Parts Market Size in the Middle East

The Middle Eastern lamp plastic parts market soared to $X in 2021, increasing by 67% against the previous year. The total consumption indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Lamp Plastic Parts Production in the Middle East

In value terms, lamp plastic parts production expanded to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a deep slump. The most prominent rate of growth was recorded in 2018 when the production volume increased by 45% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Lamp Plastic Parts Exports

Exports in the Middle East

In 2021, the amount of plastic parts for lamps and lighting fittings exported in the Middle East shrank rapidly to X tons, which is down by -35.4% against 2020. In general, exports, however, enjoyed a remarkable increase. The pace of growth was the most pronounced in 2015 when exports increased by 147% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020, and then declined remarkably in the following year.

In value terms, lamp plastic parts exports shrank notably to $X in 2021. Overall, exports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 151%. As a result, the exports attained the peak of $X, and then reduced sharply in the following year.

Exports by Country

Turkey represented the key exporter of plastic parts for lamps and lighting fittings in the Middle East, with the volume of exports accounting for X tons, which was approx. 86% of total exports in 2021. It was distantly followed by the United Arab Emirates (X tons), achieving an 11% share of total exports. Saudi Arabia (X tons) took a relatively small share of total exports.

Turkey was also the fastest-growing in terms of the plastic parts for lamps and lighting fittings exports, with a CAGR of +13.7% from 2012 to 2021. At the same time, the United Arab Emirates (+3.7%) displayed positive paces of growth. By contrast, Saudi Arabia (-9.8%) illustrated a downward trend over the same period. Turkey (+24 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates and Saudi Arabia saw its share reduced by -7% and -7.4% from 2012 to 2021, respectively.

In value terms, Turkey ($X) emerged as the largest lamp plastic parts supplier in the Middle East, comprising 94% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 2.4% share of total exports.

In Turkey, lamp plastic parts exports expanded at an average annual rate of +15.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (-2.3% per year) and Saudi Arabia (-6.4% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, increasing by 31% against the previous year. Export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, lamp plastic parts export price increased by +88.2% against 2013 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Turkey ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+3.8%), while the other leaders experienced mixed trends in the export price figures.

Lamp Plastic Parts Imports

Imports in the Middle East

In 2021, approx. X tons of plastic parts for lamps and lighting fittings were imported in the Middle East; jumping by 77% against 2020. Over the period under review, imports recorded a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, lamp plastic parts imports soared to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +103.6% against 2015 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey was the largest importer of plastic parts for lamps and lighting fittings in the Middle East, with the volume of imports amounting to X tons, which was approx. 59% of total imports in 2021. It was distantly followed by Saudi Arabia (X tons), Iran (X tons) and the United Arab Emirates (X tons), together making up a 32% share of total imports. Iraq (X tons) took a little share of total imports.

Turkey was also the fastest-growing in terms of the plastic parts for lamps and lighting fittings imports, with a CAGR of +31.6% from 2012 to 2021. At the same time, Saudi Arabia (+9.5%) and Iran (+6.6%) displayed positive paces of growth. By contrast, Iraq (-4.2%) and the United Arab Emirates (-5.2%) illustrated a downward trend over the same period. Turkey (+47 p.p.) significantly strengthened its position in terms of the total imports, while Iran, Iraq and the United Arab Emirates saw its share reduced by -3.9%, -10.1% and -20.4% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), Iran ($X) and Saudi Arabia ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 66% of total imports.

Turkey, with a CAGR of +17.9%, recorded the highest growth rate of the value of imports, in terms of 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

In 2021, the import price in the Middle East amounted to $X per ton, waning by -20.8% against the previous year. Overall, the import price showed a noticeable downturn. The most prominent rate of growth was recorded in 2015 when the import price increased by 17%. As a result, import price reached the peak level of $X per ton. From 2016 to 2021, the import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iraq (+11.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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