Saudi Arabia: Lamp Holder Market 2024

Lamp Holder Market Size in Saudi Arabia

The Saudi lamp holder market reduced modestly to $X in 2022, dropping by -4.2% against the previous year. In general, consumption recorded buoyant growth. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Lamp Holder Production in Saudi Arabia

In value terms, lamp holder production fell to $X in 2022 estimated in export price. In general, production enjoyed a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 83%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Lamp Holder Exports

Exports from Saudi Arabia

After two years of growth, overseas shipments of lamp holders, plugs and sockets decreased by -18.6% to X tons in 2022. In general, exports saw a deep slump. The pace of growth was the most pronounced in 2020 with an increase of 3,887%. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, lamp holder exports totaled $X in 2022. Overall, exports recorded a abrupt contraction. The pace of growth was the most pronounced in 2014 when exports increased by 797%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X tons), Bahrain (X tons) and Kuwait (X tons) were the main destinations of lamp holder exports from Saudi Arabia, with a combined 1% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United Arab Emirates (with a CAGR of +15.4%), while the other leaders experienced a decline.

In value terms, the United Arab Emirates ($X), Bahrain ($X) and Kuwait ($X) constituted the largest markets for lamp holder exported from Saudi Arabia worldwide, with a combined 79% share of total exports.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +14.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average lamp holder export price amounted to $X per ton, dropping by -37.2% against the previous year. Overall, the export price continues to indicate a pronounced shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 552%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sudan ($X per ton), while the average price for exports to Egypt ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+32.3%), while the prices for the other major destinations experienced more modest paces of growth.

Lamp Holder Imports

Imports into Saudi Arabia

After two years of decline, overseas purchases of lamp holders, plugs and sockets decreased by 0% to less than X kg in 2022. In general, imports recorded a relatively flat trend pattern. The smallest decline of 99.9% was in 2020. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, lamp holder imports expanded markedly to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 23% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Thailand (X tons) and Malaysia (X tons) were the main suppliers of lamp holder imports to Saudi Arabia, together accounting for 38% of total imports. Moreover, lamp holder imports in China exceeded the figures recorded by the second-largest supplier, Thailand, eightfold.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +25.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of lamp holders, plugs and sockets to Saudi Arabia, comprising 54% of total imports. The second position in the ranking was taken by Thailand ($X), with a 14% share of total imports. It was followed by the UK, with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+23.0% per year) and the UK (+1.1% per year).

Import Prices by Country

The average lamp holder import price stood at less than $X per ton in 2021, flattening at the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average import price decreased by 99.9% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+20.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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