Middle East: Market for Ballasts For Discharge Lamps Or Tubes 2024

Market Size for Ballasts For Discharge Lamps Or Tubes in the Middle East

The Middle Eastern ballast for discharge lamp market amounted to $X in 2022, stabilizing at the previous year. Over the period under review, consumption saw a drastic downturn. The pace of growth appeared the most rapid in 2019 when the market value increased by X%. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Ballasts For Discharge Lamps Or Tubes in the Middle East

In value terms, ballast for discharge lamp production declined to $X in 2022 estimated in export price. In general, production recorded a mild descent. The most prominent rate of growth was recorded 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 failed to regain momentum.

Exports of Ballasts For Discharge Lamps Or Tubes

Exports in the Middle East

After two years of growth, shipments abroad of ballasts for discharge lamps or tubes decreased by X% to X units in 2022. In general, exports continue to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, ballast for discharge lamp exports dropped to $X in 2022. Over the period under review, exports showed a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates prevails in exports structure, recording X units, which was approx. X% of total exports in 2022. It was distantly followed by Turkey (X units), comprising a X% share of total exports. Israel (X units) followed a long way behind the leaders.

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. Turkey (X%) and Israel (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (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 ($X) remains the largest ballast for discharge lamp supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Turkey (X% per year) and Israel (X% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, declining by X% against the previous year. In general, the export price recorded a noticeable descent. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, the export prices remained at a lower figure.

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

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

Imports of Ballasts For Discharge Lamps Or Tubes

Imports in the Middle East

In 2022, overseas purchases of ballasts for discharge lamps or tubes increased by X% to X units for the first time since 2012, thus ending a nine-year declining trend. Overall, imports, however, saw a abrupt descent. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, ballast for discharge lamp imports rose slightly to $X in 2022. Over the period under review, imports, however, recorded a abrupt contraction. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the major importing country with an import of about X units, which recorded X% of total imports. Turkey (X units) held the second position in the ranking, followed by Iraq (X units), Iran (X units) and Oman (X units). All these countries together held approx. X% share of total imports. Qatar (X units) and Israel (X units) held a minor share 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. Iraq (X%), Israel (X%), Iran (X%) and Turkey (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Iraq, Oman, Qatar and the United Arab Emirates increased by X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In the United Arab Emirates, ballast for discharge lamp imports plunged by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Oman (X% per year) and Iran (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2022, shrinking by X% against the previous year. Import price indicated a tangible increase 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 2015 an increase of X% against the previous year. The level of import peaked at $X per unit in 2021, and then contracted in the following year.

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