MENA: Market for Ballasts For Discharge Lamps Or Tubes 2024

Market Size for Ballasts For Discharge Lamps Or Tubes in MENA

In 2022, the MENA's ballast for discharge lamp market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Ballasts For Discharge Lamps Or Tubes in MENA

In value terms, ballast for discharge lamp production dropped to $X in 2022 estimated in export price. In general, production continues to indicate a pronounced downturn. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. 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 MENA

In 2022, shipments abroad of ballasts for discharge lamps or tubes decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports showed a noticeable decrease. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, ballast for discharge lamp exports reduced to $X in 2022. In general, exports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates represented the key exporter of ballasts for discharge lamps or tubes in MENA, with the volume of exports reaching X units, which was approx. X% of total exports in 2022. Tunisia (X units) ranks second in terms of the total exports with an X% share, followed by Morocco (X%) and Turkey (X%). Israel (X units) followed a long way behind the leaders.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Morocco (X%) and Tunisia (X%) displayed positive paces of growth. Moreover, Morocco emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, Turkey (X%) and Israel (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.), Morocco (X p.p.) and Tunisia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (X p.p.) and Israel (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest ballast for discharge lamp supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with an X% share of total exports. It was followed by Morocco, with a X% share.

In the United Arab Emirates, ballast for discharge lamp exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Morocco (X% per year).

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, which is down by X% against the previous year. In general, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Turkey ($X per unit), while Tunisia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Ballasts For Discharge Lamps Or Tubes

Imports in MENA

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. Over the period under review, imports, however, saw a abrupt downturn. 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 reached $X in 2022. Overall, imports, however, recorded a abrupt setback. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X units) and Tunisia (X units) were the key importers of ballasts for discharge lamps or tubes in MENA, together mixing up X% of total imports. Turkey (X units) held the next position in the ranking, followed by Iraq (X units). All these countries together took near X% share of total imports. The following importers - Egypt (X units), Iran (X units), Algeria (X units), Oman (X units), Qatar (X units), Israel (X units) and Morocco (X units) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Qatar (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

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

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

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, shrinking by X% against the previous year. Import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The level of import peaked at $X per unit in 2021, and then shrank sharply in the following year.

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

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

Source: IndexBox Platform