Middle East: Market for Residential, Commercial and Industrial Lighting Fixture 2024

Market Size for Residential, Commercial and Industrial Lighting Fixture in the Middle East

In 2021, the Middle Eastern market for residential, commercial and industrial lighting fixture increased by 7.8% to $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Residential, Commercial and Industrial Lighting Fixture in the Middle East

In value terms, production of residential, commercial and industrial lighting fixture soared to $X in 2021 estimated in export price. In general, production, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 69% against the previous year. Over the period under review, production of reached the maximum level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports in the Middle East

In 2021, shipments abroad of residential, commercial and industrial lighting fixture was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Overall, exports, however, recorded a slight decline. Over the period under review, the exports of attained the maximum at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of residential, commercial and industrial lighting fixture soared to $X in 2021. The total export value increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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

Turkey was the key exporter of residential, commercial and industrial lighting fixture in the Middle East, with the volume of exports resulting at X units, which was near 77% of total exports in 2021. It was distantly followed by the United Arab Emirates (X units) and Saudi Arabia (X units), together creating a 19% 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 the Middle East, with a CAGR of +8.6% from 2012-2021. By contrast, the United Arab Emirates (-9.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Turkey and Saudi Arabia increased by +11 and +3.4 percentage points, respectively.

In value terms, Turkey ($X) remains the largest residential, commercial and industrial lighting fixture supplier in the Middle East, comprising 84% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 7.6% share of total exports.

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. In the other countries, the average annual rates were as follows: the United Arab Emirates (-3.2% per year) and Saudi Arabia (+3.7% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2021, with an increase of 4.7% against the previous year. Over the last nine years, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2015 when the export price increased by 8.2% against the previous year. Over the period under review, the export prices reached the peak figure in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Saudi Arabia ($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 mixed trends in the export price figures.

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports in the Middle East

In 2021, overseas purchases of residential, commercial and industrial lighting fixture were 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 +3.8% 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 increased by +7.7% against 2016 indices. The growth pace was the most rapid in 2014 when imports increased by 61% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of residential, commercial and industrial lighting fixture skyrocketed to $X in 2021. Total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +2.0% 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 increased by +31.0% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 36% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates (X units), Qatar (X units), Iraq (X units) and Israel (X units) represented roughly 75% of total imports in 2021. Turkey (X units) held a 6.4% share (based on physical terms) of total imports, which put it in second place, followed by Oman (5.2%). Jordan (X units) held a little 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 ($X) constitutes the largest market for imported residential, commercial and industrial lighting fixture in the Middle East, comprising 30% of total imports. The second position in the ranking was held by Israel ($X), with a 14% share of total imports. It was followed by Iraq, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates amounted to +8.5%. In the other countries, the average annual rates were as follows: Israel (+8.4% per year) and Iraq (+26.4% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per unit, rising by 6% against the previous year. Overall, the import price, however, recorded a slight shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 26% against the previous year. Over the period under review, import prices attained the maximum 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 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 Jordan (+13.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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