MENA: Market for Lighting Sets for Christmas Trees 2024

Market Size for Lighting Sets for Christmas Trees in MENA

In 2022, the MENA's market for lighting sets for christmas trees increased by X% to $X, rising for the second consecutive year after three years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Production of Lighting Sets for Christmas Trees in MENA

In value terms, lighting set for christmas trees production contracted to $X in 2022 estimated in export price. The total production indicated a tangible expansion 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 increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2021, and then declined modestly in the following year.

Exports of Lighting Sets for Christmas Trees

Exports in MENA

In 2022, shipments abroad of lighting sets for christmas trees increased by X% to X units, rising for the second consecutive year after four years of decline. Overall, exports, however, showed a mild slump. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, lighting set for christmas trees exports surged to $X in 2022. Over the period under review, exports continue to indicate a resilient increase. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates represented the largest exporter of lighting sets for christmas trees in MENA, with the volume of exports amounting to X units, which was approx. X% of total exports in 2022. Turkey (X units) held the second position in the ranking, distantly followed by Saudi Arabia (X units). All these countries together held near X% share of total exports. Morocco (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to lighting set for christmas trees exports from the United Arab Emirates stood at X%. At the same time, Morocco (X%), Turkey (X%) and Saudi Arabia (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. While the share of Turkey (X p.p.) and Saudi Arabia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest lighting set for christmas trees supplier in MENA, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

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

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, with an increase of X% against the previous year. In general, the export price recorded a prominent increase. The growth pace was the most rapid in 2013 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Saudi Arabia ($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 Lighting Sets for Christmas Trees

Imports in MENA

Lighting set for christmas trees imports declined to X units in 2022, which is down by X% against 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, lighting set for christmas trees imports rose modestly to $X in 2022. Total imports indicated a measured 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Tunisia (X units), Turkey (X units), Israel (X units), the United Arab Emirates (X units), Kuwait (X units), Egypt (X units), Jordan (X units), Iraq (X units), Oman (X units), Iran (X units), Djibouti (X units) and Lebanon (X units) was the key importer of lighting sets for christmas trees in MENA, comprising X% of total import.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Jordan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest lighting set for christmas trees importing markets in MENA were Turkey ($X), Israel ($X) and the United Arab Emirates ($X), together accounting for X% of total imports. Kuwait, Egypt, Jordan, Tunisia, Iraq, Iran, Djibouti, Oman and Lebanon lagged somewhat behind, together comprising a further X%.

Jordan, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries 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, increasing by X% against the previous year. Import price indicated tangible growth 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 set for christmas trees import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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