United Arab Emirates: Chandelier Market 2024

Chandelier Market Size in the United Arab Emirates

In 2022, the chandelier market in the United Arab Emirates was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption posted a prominent increase. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Chandelier Exports

Exports from the United Arab Emirates

In 2022, approx. X units of chandeliers were exported from the United Arab Emirates; with an increase of 42% against the previous year. Overall, exports, however, showed a abrupt curtailment. Over the period under review, the exports hit record highs at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, chandelier exports soared to $X in 2022. In general, exports, however, recorded a pronounced setback. The pace of growth appeared the most rapid in 2017 when exports increased by 83% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Uzbekistan (X units) was the main destination for chandelier exports from the United Arab Emirates, accounting for a 2,016% share of total exports. Moreover, chandelier exports to Uzbekistan exceeded the volume sent to the second major destination, Sri Lanka (X units), sevenfold. The third position in this ranking was taken by Rwanda (X units), with a 249% share.

From 2012 to 2022, the average annual growth rate of volume to Uzbekistan stood at +336.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+7.0% per year) and Rwanda (+8.6% per year).

In value terms, Uzbekistan ($X) emerged as the key foreign market for chandeliers exports from the United Arab Emirates, comprising 81% of total exports. The second position in the ranking was taken by Rwanda ($X), with a 10% share of total exports. It was followed by Georgia, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value to Uzbekistan amounted to +307.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Rwanda (+20.0% per year) and Georgia (-2.6% per year).

Export Prices by Country

In 2022, the average chandelier export price amounted to $X per unit, waning by -17.1% against the previous year. Over the period under review, the export price, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2021 an increase of 36% against the previous year. As a result, the export price reached the peak level of $X per unit, and then contracted markedly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Georgia ($X per unit), while the average price for exports to Sri Lanka ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Chandelier Imports

Imports into the United Arab Emirates

After two years of decline, supplies from abroad of chandeliers increased by 55% to X units in 2022. Overall, imports posted a remarkable increase. The pace of growth was the most pronounced in 2019 with an increase of 115%. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, chandelier imports contracted to $X in 2022. In general, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -15.1% against 2019 indices. The growth pace was the most rapid in 2014 with an increase of 59%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Ukraine (X units) constituted the largest chandelier supplier to the United Arab Emirates, with a 53% share of total imports. It was followed by Sri Lanka (X units), with a 1.6% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Ukraine amounted to +182.7%.

In value terms, Ukraine ($X) constituted the largest supplier of chandeliers to the United Arab Emirates, comprising 88% of total imports. The second position in the ranking was taken by Sri Lanka ($X), with a 2.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Ukraine amounted to +158.3%.

Import Prices by Country

In 2022, the average chandelier import price amounted to $X per unit, reducing by -35.9% against the previous year. Over the period under review, the import price showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by 113% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Ukraine ($X per unit), while the price for Sri Lanka stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+13.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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