Middle East: Sealed Beam Market 2024

Sealed Beam Market Size in the Middle East

The Middle Eastern sealed beam market surged to $X in 2022, growing by 18% against the previous year. Overall, consumption enjoyed a noticeable increase. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Sealed Beam Production in the Middle East

In value terms, sealed beam production soared to $X in 2022 estimated in export price. Overall, production posted a resilient expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by 135% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Sealed Beam Exports

Exports in the Middle East

In 2022, the amount of sealed beam lamp units exported in the Middle East reduced to X units, waning by -10.1% against 2021 figures. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 54% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, sealed beam exports surged to $X in 2022. Overall, exports, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2017 when exports increased by 77%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, Turkey (X units) represented the key exporter of sealed beam lamp units, comprising 52% of total exports. It was distantly followed by the United Arab Emirates (X units) and Oman (X units), together committing a 42% share of total exports. The following exporters - Israel (X units) and Kuwait (X units) - each resulted at a 5.6% share of total exports.

Turkey was also the fastest-growing in terms of the sealed beam lamp units exports, with a CAGR of +5.4% from 2012 to 2022. At the same time, Oman (+4.6%) and Israel (+4.3%) displayed positive paces of growth. By contrast, the United Arab Emirates (-4.4%) and Kuwait (-19.6%) illustrated a downward trend over the same period. Turkey (+24 p.p.) and Oman (+8.3 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates and Kuwait saw its share reduced by -9.4% and -19.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest sealed beam supplier in the Middle East, comprising 55% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 22% share of total exports. It was followed by Israel, with a 6.5% share.

In Turkey, sealed beam exports expanded at an average annual rate of +19.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United Arab Emirates (-4.1% per year) and Israel (+9.3% per year).

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, picking up by 51% against the previous year. Overall, the export price showed a buoyant increase. The pace of growth was the most pronounced in 2019 an increase of 65%. Over the period under review, the export prices hit record highs in 2022 and is likely to continue growth in years to come.

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 Israel ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+14.9%), while the other leaders experienced more modest paces of growth.

Sealed Beam Imports

Imports in the Middle East

In 2022, approx. X units of sealed beam lamp units were imported in the Middle East; with an increase of 12% on 2021. In general, imports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2016 with an increase of 66% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, sealed beam imports stood at $X in 2022. Overall, imports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of 50%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X units) was the main importer of sealed beam lamp units, achieving 47% of total imports. Qatar (X units) ranks second in terms of the total imports with a 14% share, followed by Palestine (11%). The following importers - Turkey (X units), Yemen (X units), Kuwait (X units), Jordan (X units), Israel (X units), Iraq (X units), Iran (X units) and Oman (X units) - together made up 26% of total imports.

From 2012 to 2022, average annual rates of growth with regard to sealed beam imports into the United Arab Emirates stood at -8.7%. At the same time, Jordan (+7.7%) displayed positive paces of growth. Moreover, Jordan emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +7.7% from 2012-2022. Palestine and Turkey experienced a relatively flat trend pattern. By contrast, Kuwait (-2.4%), Yemen (-9.1%), Oman (-9.5%), Iraq (-10.1%), Qatar (-12.5%), Iran (-17.3%) and Israel (-18.2%) illustrated a downward trend over the same period. While the share of Palestine (+7.6 p.p.), the United Arab Emirates (+6 p.p.), Jordan (+2.9 p.p.), Turkey (+2.6 p.p.) and Kuwait (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Iran (-3.8 p.p.), Qatar (-4.6 p.p.) and Israel (-5.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Qatar ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 79% of total imports. Oman, Iraq, Iran, Kuwait, Palestine, Yemen, Israel and Jordan lagged somewhat behind, together accounting for a further 19%.

Among the main importing countries, Palestine, with a CAGR of +15.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, increasing by 1.8% against the previous year. Import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sealed beam import price increased by +31.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 29%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Palestine (+14.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :