United Arab Emirates: Lamp Holder Market 2024

Lamp Holder Market Size in the United Arab Emirates

In 2022, after two years of decline, there was significant growth in the lamp holder market in the United Arab Emirates, when its value increased by 16% to $X. Over the period under review, consumption, however, showed a deep setback. Lamp holder consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Lamp Holder Production in the United Arab Emirates

In value terms, lamp holder production soared to $X in 2022 estimated in export price. Over the period under review, production, however, showed a abrupt setback. Lamp holder production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

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Lamp Holder Exports

Exports from the United Arab Emirates

After two years of growth, overseas shipments of lamp holders, plugs and sockets decreased by -2.3% to X tons in 2022. Over the period under review, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2016 with an increase of 191% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, lamp holder exports declined modestly to $X in 2022. In general, exports, however, posted buoyant growth. The growth pace was the most rapid in 2018 when exports increased by 61% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X tons), Saudi Arabia (X tons) and Democratic Republic of the Congo (X tons) were the main destinations of lamp holder exports from the United Arab Emirates, together accounting for 0.8% of total exports. India, Tanzania, Iraq, Uganda, Somalia, Egypt, Kuwait, Yemen, Ghana and Bahrain lagged somewhat behind, together accounting for a further 0.8%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bahrain (with a CAGR of +202.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for lamp holder exported from the United Arab Emirates were India ($X), Saudi Arabia ($X) and Oman ($X).

Bahrain, with a CAGR of +146.6%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average lamp holder export price stood at $X per ton in 2021, growing by 2.2% against the previous year. Over the period under review, the export price, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 an increase of 90%. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Yemen ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.

Lamp Holder Imports

Imports into the United Arab Emirates

In 2022, lamp holder imports into the United Arab Emirates dropped slightly to X tons, which is down by -2.4% on the year before. Overall, imports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 61% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, lamp holder imports dropped modestly to $X in 2022. Over the period under review, imports recorded a perceptible contraction. The pace of growth appeared the most rapid in 2019 when imports increased by 44%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest lamp holder supplier to the United Arab Emirates, accounting for a 3.3% share of total imports. It was followed by the United States (X tons), with a 0.1% share of total imports. The third position in this ranking was held by the UK (X tons), with a 0.1% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+2.4% per year) and the UK (-5.3% per year).

In value terms, China ($X) constituted the largest supplier of lamp holders, plugs and sockets to the United Arab Emirates, comprising 75% of total imports. The second position in the ranking was held by the United States ($X), with a 16% share of total imports. It was followed by the UK, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+4.0% per year) and the UK (+0.9% per year).

Import Prices by Country

The average lamp holder import price stood at $X per ton in 2021, dropping by -3.6% against the previous year. In general, the import price, however, recorded a resilient increase. The pace of growth was the most pronounced in 2014 when the average import price increased by 180%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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