Middle East: Market for Residential, Commercial and Industrial Lighting Fixture 2024

Market Size for Residential, Commercial and Industrial Lighting Fixture in the Middle East

In 2021, the Middle Eastern market for residential, commercial and industrial lighting fixture increased by X% to $X, rising for the fifth year in a row after two years of decline. Overall, consumption enjoyed significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Residential, Commercial and Industrial Lighting Fixture in the Middle East

In value terms, production of residential, commercial and industrial lighting fixture surged to $X in 2021 estimated in export price. Over the period under review, production enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports by Country

Turkey prevails in fixture structure, reaching X units, which was near X% of total exports in 2021. It was distantly followed by the United Arab Emirates (X units), mixing up an X% share of total exports. Saudi Arabia (X units), Israel (X units) and Lebanon (X units) followed a long way behind the leaders.

Exports from Turkey decreased at an average annual rate of X% from 2020 to 2021. At the same time, Saudi Arabia (X%) and Israel (X%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of X% from 2020-2021. By contrast, Lebanon (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. From 2020 to 2021, the share of Turkey increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest residential, commercial and industrial lighting fixture supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Israel, with a X% share.

From 2020 to 2021, the average annual growth rate of value in Turkey stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Israel (X% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per unit, picking up by X% against the previous year. Over the last one-year period, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Israel ($X per unit) and Turkey ($X per unit), while Saudi Arabia ($X per unit) and the United Arab Emirates ($X per unit) were amongst the lowest.

From 2020 to 2021, the most notable rate of growth in terms of prices was attained by Israel (X%), while the other leaders experienced more modest paces of growth.

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports in the Middle East

Imports of residential, commercial and industrial lighting fixture surged to X units in 2021, increasing by X% compared with the previous year's figure. Over the period under review, imports saw a buoyant increase. The growth pace was the most rapid in 2014 with an increase of X%. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of residential, commercial and industrial lighting fixture expanded notably to $X in 2021. Overall, imports, however, recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports of remained at a somewhat lower figure.

Imports by Country

Israel was the key importer of residential, commercial and industrial lighting fixture in the Middle East, with the volume of imports amounting to X units, which was near X% of total imports in 2021. Qatar (X units) ranks second in terms of the total imports with a X% share, followed by the United Arab Emirates (X%), Kuwait (X%), Turkey (X%) and Jordan (X%). Oman (X units) and Bahrain (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Israel ($X) constitutes the largest market for imported residential, commercial and industrial lighting fixture in the Middle East, comprising X% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with an X% share of total imports. It was followed by Qatar, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Israel totaled X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Qatar (X% per year).

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2021, reducing by X% against the previous year. In general, the import price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2015 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Bahrain ($X per unit) and Oman ($X per unit), while Qatar ($X per unit) and Israel ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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