GCC: Market for Ballasts For Discharge Lamps Or Tubes 2024

Market Size for Ballasts For Discharge Lamps Or Tubes in GCC

The GCC ballast for discharge lamp market stood at $X in 2022, growing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible setback. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Ballasts For Discharge Lamps Or Tubes in GCC

In value terms, ballast for discharge lamp production declined to $X in 2022 estimated in export price. In general, production, however, enjoyed slight growth. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Exports of Ballasts For Discharge Lamps Or Tubes

Exports in GCC

In 2022, overseas shipments of ballasts for discharge lamps or tubes increased by X% to X units, rising for the second year in a row after three years of decline. Overall, exports continue to indicate temperate growth. The growth pace was the most rapid in 2021 when exports increased by X%. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, ballast for discharge lamp exports declined to $X in 2022. In general, exports continue to indicate a moderate expansion. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, the United Arab Emirates (X units) was the key exporter of ballasts for discharge lamps or tubes in GCC, mixing up X% of total export.

The United Arab Emirates was also the fastest-growing in terms of the ballasts for discharge lamps or tubes exports, with a CAGR of X% from 2012 to 2022. While the share of the United Arab Emirates (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest ballast for discharge lamp supplier in GCC.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Imports of Ballasts For Discharge Lamps Or Tubes

Imports in GCC

In 2022, purchases abroad of ballasts for discharge lamps or tubes was finally on the rise to reach X units after nine years of decline. In general, imports, however, faced a abrupt setback. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, ballast for discharge lamp imports skyrocketed to $X in 2022. Overall, imports, however, saw a deep reduction. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates prevails in imports structure, resulting at X units, which was near X% of total imports in 2022. Oman (X units) ranks second in terms of the total imports with an X% share, followed by Qatar (X%). The following importers - Kuwait (X units) and Bahrain (X units) - together made up X% of total imports.

Imports into the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2022. Qatar and Oman experienced a relatively flat trend pattern. Bahrain (X%) and Kuwait (X%) illustrated a downward trend over the same period. Oman (X p.p.), Qatar (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported ballasts for discharge lamps or tubes in GCC, comprising X% of total imports. The second position in the ranking was held by Oman ($X), with a X% share of total imports. It was followed by Qatar, with an X% share.

In the United Arab Emirates, ballast for discharge lamp imports shrank by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Oman (X% per year) and Qatar (X% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the import price, however, posted a temperate expansion. The pace of growth was the most pronounced in 2015 when the import price increased by X% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Oman ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform