MENA: Market for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles 2024

Market Size for Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in MENA

The MENA's market for electrical lighting or visual signaling equipment for motor vehicles and cycles was estimated at $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Production of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles in MENA

In value terms, lighting equipment for motor vehicles production rose sharply to $X in 2022 estimated in export price. The total production indicated a prominent increase from 2012 to 2022: its value 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. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Exports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Exports in MENA

In 2022, lighting equipment for motor vehicles exports in MENA skyrocketed to X units, rising by X% compared with the previous year's figure. Over the period under review, exports recorded prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, lighting equipment for motor vehicles exports skyrocketed to $X in 2022. Overall, exports showed a buoyant expansion. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, Morocco (X units) was the key exporter of electrical lighting or visual signaling equipment for motor vehicles and cycles, constituting X% of total exports. Turkey (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Tunisia (X%). The United Arab Emirates (X units) followed a long way behind the leaders.

Morocco was also the fastest-growing in terms of the electrical lighting or visual signaling equipment for motor vehicles and cycles exports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) and Turkey (X%) displayed positive paces of growth. By contrast, Tunisia (X%) illustrated a downward trend over the same period. While the share of Morocco (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (X p.p.) and Tunisia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), Morocco ($X) and the United Arab Emirates ($X) were the countries with the highest levels of exports in 2022, together accounting for X% of total exports.

Among the main exporting countries, Morocco, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. Over the period under review, the export prices attained the peak figure at $X per unit in 2020; however, from 2021 to 2022, the export prices stood at a somewhat 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 ($X per unit), while Tunisia ($X per unit) was amongst the lowest.

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

Imports of Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles

Imports in MENA

In 2022, approx. X units of electrical lighting or visual signaling equipment for motor vehicles and cycles were imported in MENA; with a decrease of X% against 2021 figures. In general, imports saw a slight reduction. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, lighting equipment for motor vehicles imports reduced modestly to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The level of import peaked at $X in 2021, and then contracted modestly in the following year.

Imports by Country

The United Arab Emirates was the key importer of electrical lighting or visual signaling equipment for motor vehicles and cycles in MENA, with the volume of imports reaching X units, which was approx. X% of total imports in 2022. It was distantly followed by Egypt (X units), Iran (X units), Turkey (X units), Iraq (X units), Algeria (X units) and Israel (X units), together comprising a X% share of total imports.

The United Arab Emirates experienced a relatively flat trend pattern with regard to volume of imports of electrical lighting or visual signaling equipment for motor vehicles and cycles. At the same time, Iraq (X%), Egypt (X%) and Israel (X%) displayed positive paces of growth. Moreover, Iraq emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, Iran (X%), Algeria (X%) and Turkey (X%) illustrated a downward trend over the same period. Egypt (X p.p.), Iraq (X p.p.), the United Arab Emirates (X p.p.) and Israel (X p.p.) significantly strengthened its position in terms of the total imports, while Algeria, Iran and Turkey saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Israel ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Algeria, Iraq, Egypt and Iran lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Iraq, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, reducing by X% against the previous year. Import price indicated a moderate 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. Based on 2022 figures, lighting equipment for motor vehicles import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Turkey ($X per unit), while Iran ($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

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