Saudi Arabia: Market for Parts For Electric Filament Or Discharge Lamps 2024

Market Size for Parts For Electric Filament Or Discharge Lamps in Saudi Arabia

In 2021, the Saudi electric filament lamp parts market decreased by -39.5% to $X, falling for the second consecutive year after two years of growth. Overall, consumption saw a perceptible reduction. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Parts For Electric Filament Or Discharge Lamps

Exports from Saudi Arabia

In 2021, overseas shipments of parts for electric filament or discharge lamps decreased by -26.9% to X tons, falling for the fourth year in a row after two years of growth. Over the period under review, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2016 when exports increased by 538%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, electric filament lamp parts exports fell rapidly to $X in 2021. Overall, exports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2016 with an increase of 505% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Jordan (X tons) was the main destination for electric filament lamp parts exports from Saudi Arabia, with a 89% share of total exports. Moreover, electric filament lamp parts exports to Jordan exceeded the volume sent to the second major destination, the United Arab Emirates (X kg), more than tenfold. The third position in this ranking was held by Egypt (X kg), with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Jordan totaled -6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+8.7% per year) and Egypt (-11.2% per year).

In value terms, the largest markets for electric filament lamp parts exported from Saudi Arabia were Egypt ($X), Jordan ($X) and the United Arab Emirates ($X), with a combined 97% share of total exports.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +28.2%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average electric filament lamp parts export price amounted to $X per ton, picking up by 1.7% against the previous year. In general, the export price, however, showed a slight setback. The pace of growth appeared the most rapid in 2014 when the average export price increased by 59% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Egypt ($X per ton), while the average price for exports to Bahrain ($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 Egypt (+21.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts For Electric Filament Or Discharge Lamps

Imports into Saudi Arabia

In 2021, purchases abroad of parts for electric filament or discharge lamps decreased by -44.4% to X tons, falling for the second year in a row after two years of growth. Overall, imports recorded a deep setback. The pace of growth was the most pronounced in 2019 when imports increased by 41% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, electric filament lamp parts imports reduced notably to $X in 2021. In general, imports saw a slight shrinkage. The pace of growth appeared the most rapid in 2019 when imports increased by 115% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of electric filament lamp parts to Saudi Arabia, with a 73% share of total imports. Moreover, electric filament lamp parts imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), sixfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled -10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+12.2% per year) and Italy (+15.9% per year).

In value terms, China ($X) constituted the largest supplier of electric filament lamp parts to Saudi Arabia, comprising 33% of total imports. The second position in the ranking was held by Italy ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China amounted to +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+14.7% per year) and South Korea (+13.0% per year).

Import Prices by Country

The average electric filament lamp parts import price stood at $X per ton in 2021, increasing by 13% against the previous year. In general, the import price recorded a prominent increase. The growth pace was the most rapid in 2014 an increase of 61%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per ton), while the price for Japan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+33.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :