Middle East: Lamp Plastic Parts Market 2024

Lamp Plastic Parts Market Size in the Middle East

The Middle Eastern lamp plastic parts market fell markedly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, posted a remarkable increase. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Lamp Plastic Parts Production in the Middle East

In value terms, lamp plastic parts production shrank rapidly to $X in 2022 estimated in export price. Overall, production, however, saw a prominent expansion. The growth pace was the most rapid in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

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Lamp Plastic Parts Exports

Exports in the Middle East

In 2022, lamp plastic parts exports in the Middle East surged to X tons, picking up by X% against the previous year. In general, exports showed strong growth. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, lamp plastic parts exports shrank to $X in 2022. Over the period under review, exports continue to indicate prominent growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Turkey (X tons) represented the key exporter of plastic parts for lamps and lighting fittings, mixing up X% of total exports. It was distantly followed by the United Arab Emirates (X tons), achieving a X% share of total exports. Israel (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to lamp plastic parts exports from Turkey stood at X%. At the same time, Israel (X%) and the United Arab Emirates (X%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2012-2022. While the share of Turkey (X p.p.) and Israel (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2022, the average annual growth rate of value in Turkey amounted to X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Israel (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, waning by X% against the previous year. In general, the export price, however, showed slight growth. The most prominent rate of growth was recorded in 2020 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Israel ($X per ton), while the United Arab Emirates ($X per ton) 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 mixed trends in the export price figures.

Lamp Plastic Parts Imports

Imports in the Middle East

In 2022, overseas purchases of plastic parts for lamps and lighting fittings decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports attained the maximum at X tons in 2021, and then fell modestly in the following year.

In value terms, lamp plastic parts imports dropped to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of import peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Turkey (X tons) represented the major importer of plastic parts for lamps and lighting fittings, achieving X% of total imports. Saudi Arabia (X tons) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Iran (X%) and Iraq (X%). The following importers - the United Arab Emirates (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, Syrian Arab Republic (X%) and Saudi Arabia (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 and Saudi Arabia increased by 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 the Middle East were Turkey ($X), Saudi Arabia ($X) and the United Arab Emirates ($X), with a combined X% share of total imports. Iran, Iraq and Syrian Arab Republic lagged somewhat behind, together comprising a further X%.

Syrian Arab Republic, 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

In 2022, the import price in the Middle East amounted to $X per ton, waning by X% against the previous year. Over the period under review, the import price continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2015 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2016 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 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 Iraq (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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