MENA: Lamp Plastic Parts Market 2024

Lamp Plastic Parts Market Size in MENA

The MENA's lamp plastic parts market contracted significantly to $X in 2022, shrinking by X% against the previous year. Over the period under review, consumption, however, saw a strong expansion. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Lamp Plastic Parts Production in MENA

In value terms, lamp plastic parts production fell remarkably to $X in 2022 estimated in export price. Overall, production, however, saw prominent growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Lamp Plastic Parts Exports

Exports in MENA

In 2022, lamp plastic parts exports in MENA surged to X tons, picking up by X% on the year before. In general, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, lamp plastic parts exports expanded modestly to $X in 2022. Over the period under review, exports recorded strong growth. The pace of growth was the most pronounced in 2015 when exports increased by X%. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Turkey (X tons) was the key exporter of plastic parts for lamps and lighting fittings, making up X% of total exports. It was distantly followed by the United Arab Emirates (X tons), comprising a X% share of total exports. Morocco (X tons), Israel (X tons) and Tunisia (X tons) took a relatively small share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, Israel (X%), Tunisia (X%), Morocco (X%) and the United Arab Emirates (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. While the share of Turkey (X p.p.), Israel (X p.p.), Tunisia (X p.p.) and Morocco (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.

In value terms, Turkey ($X) remains the largest lamp plastic parts supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Tunisia, with a X% share.

In Turkey, lamp plastic parts exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Tunisia (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, which is down by X% against the previous year. Overall, the export price, however, showed a slight expansion. The pace of growth was the most pronounced in 2020 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2021 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 Tunisia ($X per ton), while Morocco ($X per ton) 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.

Lamp Plastic Parts Imports

Imports in MENA

In 2022, after three years of growth, there was decline in supplies from abroad of plastic parts for lamps and lighting fittings, when their volume decreased by X% to X tons. Total imports indicated a prominent expansion from 2012 to 2022: its volume 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 2015 indices. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021, and then shrank in the following year.

In value terms, lamp plastic parts imports shrank 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 indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted in the following year.

Imports by Country

Turkey represented the largest importing country with an import of about X tons, which reached X% of total imports. It was distantly followed by Saudi Arabia (X tons), Iran (X tons) and Iraq (X tons), together constituting a X% share of total imports. The following importers - the United Arab Emirates (X tons), Algeria (X tons), Morocco (X tons), Tunisia (X tons) and Syrian Arab Republic (X tons) - together made up X% of total imports.

Turkey was also the fastest-growing in terms of the plastic parts for lamps and lighting fittings imports, with a CAGR of X% from 2012 to 2022. At the same time, Morocco (X%), Algeria (X%), Syrian Arab Republic (X%), Saudi Arabia (X%) and Tunisia (X%) displayed positive paces of growth. By contrast, Iran (X%), Iraq (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Turkey, Saudi Arabia and Morocco increased by X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest lamp plastic parts importing markets in MENA were Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), with a combined X% share of total imports. Iran, Iraq, Algeria, Morocco, Tunisia and Syrian Arab Republic lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Algeria, 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

In 2022, the import price in MENA amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price showed a noticeable curtailment. The pace of growth appeared the most rapid in 2015 when the import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the import prices failed to regain momentum.

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 the United Arab Emirates ($X per ton), while Turkey ($X per ton) 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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