GCC: Lamp Holder Market 2024

Lamp Holder Market Size in GCC

The GCC lamp holder market declined to $X in 2022, dropping by -2% against the previous year. The total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -19.0% against 2019 indices. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Lamp Holder Production in GCC

In value terms, lamp holder production dropped to $X in 2022 estimated in export price. Over the period under review, production recorded resilient growth. The pace of growth was the most pronounced in 2017 with an increase of 86%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Lamp Holder Exports

Exports in GCC

In 2022, overseas shipments of lamp holders, plugs and sockets decreased by -4.3% to X tons for the first time since 2019, thus ending a two-year rising trend. Overall, exports, however, recorded a buoyant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 95% against the previous year. The volume of export peaked at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, lamp holder exports dropped modestly to $X in 2022. In general, exports, however, continue to indicate a strong expansion. The pace of growth appeared the most rapid in 2013 with an increase of 80%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates dominates exports structure, resulting at X tons, which was approx. 90% of total exports in 2022. It was distantly followed by Oman (X tons), creating a 6% share of total exports. Saudi Arabia (X tons) held a minor share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the lamp holders, plugs and sockets exports, with a CAGR of +24.6% from 2012 to 2022. At the same time, Oman (+18.0%) displayed positive paces of growth. By contrast, Saudi Arabia (-7.0%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates and Oman increased by +60 and +2.6 percentage points, respectively.

In value terms, the United Arab Emirates ($X) remains the largest lamp holder supplier in GCC, comprising 92% of total exports. The second position in the ranking was taken by Oman ($X), with a 4.5% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled +10.6%. In the other countries, the average annual rates were as follows: Oman (+17.0% per year) and Saudi Arabia (-7.6% per year).

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, flattening at the previous year. Overall, the export price recorded a pronounced setback. The pace of growth appeared the most rapid in 2018 when the export price increased by 73% against the previous year. The level of export peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (-0.7%), while the other leaders experienced a decline in the export price figures.

Lamp Holder Imports

Imports in GCC

In 2022, approx. X tons of lamp holders, plugs and sockets were imported in GCC; waning by -6% against the year before. Over the period under review, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2016 when imports increased by 44%. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, lamp holder imports rose modestly to $X in 2022. Overall, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when imports increased by 29% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the largest importer of lamp holders, plugs and sockets, making up 60% of total imports. Oman (X tons) took a 19% share (based on physical terms) of total imports, which put it in second place, followed by Kuwait (13%) and Bahrain (7.8%).

Imports into the United Arab Emirates decreased at an average annual rate of -11.6% from 2012 to 2022. At the same time, Oman (+8.9%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of +8.9% from 2012-2022. Bahrain experienced a relatively flat trend pattern. By contrast, Kuwait (-4.3%) illustrated a downward trend over the same period. While the share of Oman (+15 p.p.), Bahrain (+4.8 p.p.) and Kuwait (+4.5 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (-25.7 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported lamp holders, plugs and sockets in GCC, comprising 48% of total imports. The second position in the ranking was taken by Kuwait ($X), with a 6.1% share of total imports. It was followed by Oman, with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at -2.2%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (-1.9% per year) and Oman (+4.2% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, picking up by 10% against the previous year. Overall, the import price saw a strong increase. The pace of growth appeared the most rapid in 2014 an increase of 115%. The level of import peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman ($X per ton) 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 (+10.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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