GCC: Sealed Beam Market 2024

Sealed Beam Market Size in GCC

The GCC sealed beam market surged to $X in 2022, increasing by 22% against the previous year. In general, consumption recorded noticeable growth. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Sealed Beam Production in GCC

In value terms, sealed beam production soared to $X in 2022 estimated in export price. Over the period under review, production showed a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 192% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Sealed Beam Exports

Exports in GCC

Sealed beam exports declined markedly to X units in 2022, waning by -45.9% against 2021. In general, exports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2017 with an increase of 62%. The volume of export peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, sealed beam exports shrank to $X in 2022. Over the period under review, exports continue to indicate a mild setback. The pace of growth was the most pronounced in 2017 when exports increased by 130%. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X units) and Oman (X units) prevails in exports structure, together making up 93% of total exports. It was distantly followed by Kuwait (X units), committing a 6% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +4.6%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the United Arab Emirates ($X) remains the largest sealed beam supplier in GCC, comprising 61% of total exports. The second position in the ranking was held by Oman ($X), with a 2.6% share of total exports.

In the United Arab Emirates, sealed beam exports shrank by an average annual rate of -4.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Oman (+6.8% per year) and Kuwait (-7.6% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2022, surging by 80% against the previous year. In general, the export price saw a measured increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Oman ($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 (+14.9%), while the other leaders experienced more modest paces of growth.

Sealed Beam Imports

Imports in GCC

Sealed beam imports contracted to X units in 2022, almost unchanged from 2021. Overall, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2016 with an increase of 65%. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, sealed beam imports contracted rapidly to $X in 2022. Over the period under review, imports faced a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of 54% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the largest importer of sealed beam lamp units in GCC, with the volume of imports accounting for X units, which was approx. 70% of total imports in 2022. Qatar (X units) ranks second in terms of the total imports with a 20% share, followed by Kuwait (5.2%). Oman (X units) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to sealed beam imports into the United Arab Emirates stood at -8.7%. Kuwait (-2.4%), Oman (-9.5%) and Qatar (-12.5%) illustrated a downward trend over the same period. The United Arab Emirates (+8 p.p.) and Kuwait (+2.8 p.p.) significantly strengthened its position in terms of the total imports, while Qatar saw its share reduced by -7.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported sealed beam lamp units in GCC, comprising 70% of total imports. The second position in the ranking was taken by Qatar ($X), with a 13% share of total imports. It was followed by Oman, with a 9.5% share.

In the United Arab Emirates, sealed beam imports decreased by an average annual rate of -8.1% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Qatar (-8.2% per year) and Oman (-9.6% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, with a decrease of -16.1% against the previous year. Over the period under review, the import price continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2018 an increase of 53% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat 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 Oman ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (+4.9%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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