Updated Oct 22, 2022 19:59

Non-Electrical Lamp Market in Kazakhstan

Market Overview
In , the Kazakh non-electrical lamp market decreased by -% to $ for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption enjoyed a resilient increase. Over the period under review, the market hit record highs at $ in 2014; however, from 2015 to , consumption failed to regain momentum.


Consumption
After three years of growth, consumption of non-electrical lamps and lighting fittings decreased by -% to units in . Overall, consumption, however, posted a prominent expansion. Over the period under review, consumption hit record highs at units in 2014; however, from 2015 to , consumption failed to regain momentum.

The size of the non-electrical lamp market in Kazakhstan declined to $ in , falling by -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate pronounced growth. Non-electrical lamp consumption peaked at $ in 2014; however, from 2015 to , consumption failed to regain momentum.


Market Forecast
The non-electrical lamp market is expected to start a downward consumption trend over the next eight-year period. The performance of the market is forecast to decrease slightly, with an anticipated CAGR of -% for the eight-year period from to , which is projected to depress the market volume to units by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .


Market Structure
Non-electrical lamp market in Kazakhstan consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately (- percentage point) over the period under review.


Trade Balance
Kazakhstan remains a net importer of non-electrical lamp; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.