MENA: Bicycle Lighting Market 2024

Bicycle Lighting Market Size in MENA

The MENA's bicycle lighting market reduced notably to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then fell sharply in the following year.

Bicycle Lighting Production in MENA

In value terms, bicycle lighting production declined significantly to $X in 2022 estimated in export price. Overall, production recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Bicycle Lighting Exports

Exports in MENA

In 2022, shipments abroad of electrical or battery operated lighting or visual signalling for bicycles increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, bicycle lighting exports declined sharply to $X in 2022. In general, exports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates was the main exporter of electrical or battery operated lighting or visual signalling for bicycles in MENA, with the volume of exports amounting to X units, which was approx. X% of total exports in 2022. It was distantly followed by Israel (X units), Tunisia (X units) and Jordan (X units), together committing a X% share of total exports. Turkey (X units) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to bicycle lighting exports from the United Arab Emirates stood at X%. At the same time, Israel (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, Jordan (X%), Tunisia (X%) and Turkey (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United Arab Emirates, Israel and Jordan increased by X, X and X percentage points, respectively.

In value terms, the largest bicycle lighting supplying countries in MENA were the United Arab Emirates ($X), Tunisia ($X) and Israel ($X), together comprising X% of total exports.

The United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, declining by X% against the previous year. In general, the export price continues to indicate a slight setback. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

Bicycle Lighting Imports

Imports in MENA

In 2022, after two years of growth, there was significant decline in supplies from abroad of electrical or battery operated lighting or visual signalling for bicycles, when their volume decreased by X% to X units. Over the period under review, imports recorded a pronounced shrinkage. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2021, and then fell rapidly in the following year.

In value terms, bicycle lighting imports dropped rapidly to $X in 2022. In general, imports continue to indicate a noticeable slump. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports reached the peak of $X, and then shrank dramatically in the following year.

Imports by Country

Iraq (X units), the United Arab Emirates (X units) and Iran (X units) represented roughly X% of total imports in 2022. Algeria (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (X%). Djibouti (X units) and Israel (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Djibouti (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

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, with a combined X% share of total imports. Iraq, Iran, Algeria and Djibouti lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Djibouti, 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, with a decrease of X% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the import prices remained at a 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 Israel ($X per unit), while Djibouti ($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 more modest paces of growth.

Source: IndexBox Platform

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