GCC: Electric Filament Lamp Market 2024

Electric Filament Lamp Market Size in GCC

In 2021, the GCC electric filament lamp market increased by 12% to $X, rising for the second year in a row after four years of decline. In general, consumption, however, recorded a slight downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Electric Filament Lamp Production in GCC

In value terms, electric filament lamp production reduced to $X in 2021 estimated in export price. Over the period under review, production recorded a perceptible descent. The growth pace was the most rapid in 2014 with an increase of 29%. The level of production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Electric Filament Lamp Exports

Exports in GCC

Electric filament lamp exports dropped sharply to X units in 2021, reducing by -59.2% on the year before. Overall, exports continue to indicate a significant decrease. The growth pace was the most rapid in 2018 with an increase of 8.4% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, electric filament lamp exports reduced rapidly to $X in 2021. Over the period under review, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2013 with an increase of 7%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates represented the key exporting country with an export of around X units, which reached 66% of total exports. Saudi Arabia (X units) held the second position in the ranking, distantly followed by Oman (X units). All these countries together took approx. 31% share of total exports. Bahrain (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to electric filament lamp exports from the United Arab Emirates stood at -25.9%. Bahrain experienced a relatively flat trend pattern. Saudi Arabia (-10.5%) and Oman (-14.1%) illustrated a downward trend over the same period. Saudi Arabia (+20 p.p.), Oman (+3 p.p.) and Bahrain (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -23.9% from 2012 to 2021, respectively.

In value terms, the United Arab Emirates ($X) remains the largest electric filament lamp supplier in GCC, comprising 73% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 15% share of total exports. It was followed by Oman, with an 8.9% share.

In the United Arab Emirates, electric filament lamp exports plunged by an average annual rate of -17.4% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Saudi Arabia (-8.3% per year) and Oman (-10.5% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2021, with an increase of 42% against the previous year. Over the period under review, the export price posted prominent growth. The most prominent rate of growth was recorded in 2015 an increase of 51% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Oman ($X per unit), while Saudi Arabia ($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 (+11.5%), while the other leaders experienced more modest paces of growth.

Electric Filament Lamp Imports

Imports in GCC

In 2021, purchases abroad of electric filament lamps increased by 34% to X units, rising for the second consecutive year after four years of decline. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when imports increased by 47%. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, electric filament lamp imports soared to $X in 2021. Overall, imports, however, continue to indicate a abrupt downturn. The level of import peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates represented the major importing country with an import of around X units, which finished at 77% of total imports. Kuwait (X units) ranks second in terms of the total imports with an 11% share, followed by Oman (7.6%). Bahrain (X units) held a little share of total imports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of imports of electric filament lamps. At the same time, Oman (+3.6%) and Bahrain (+1.5%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of +3.6% from 2012-2021. Kuwait experienced a relatively flat trend pattern. Oman (+2 p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported electric filament lamps in GCC, comprising 81% of total imports. The second position in the ranking was taken by Kuwait ($X), with a 6.6% share of total imports. It was followed by Oman, with a 4.8% share.

In the United Arab Emirates, electric filament lamp imports declined by an average annual rate of -3.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (-11.5% per year) and Oman (-1.8% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2021, rising by 13% against the previous year. In general, the import price, however, showed a abrupt descent. The pace of growth appeared the most rapid in 2019 when the import price increased by 13%. Over the period under review, import prices hit record highs 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 Bahrain ($X per unit), while Kuwait ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+2.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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