Forecast: Export of Electric Lamps, Lighting Fittings from Saudi Arabia

From 2013 to 2023, the export volume of electric lamps and lighting fittings from Saudi Arabia has shown significant fluctuations. The volume stood at 0.858 million kilograms in 2023, reflecting a -1.55% decrease from the previous year. The year-on-year variations have been erratic, such as a high of 59.12% in 2018 and a low of -50.42% in 2014.

Examining recent trends, the last five years witnessed an annual average decline (CAGR) of -3.79%. For future forecasts (2024-2028), the data suggests a continued negative trend with a CAGR of -1.35%, projecting a total growth rate reduction of -6.59% over these five years.

Future trends to watch for:

  • Technological advancements in lighting products that could shift market dynamics.
  • Potential economic and regulatory changes impacting trade policies in Saudi Arabia.
  • Shifts towards energy-efficient and smart lighting solutions that may affect export volumes.

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