U.S. - Tungsten Halogen Lamps - Market Analysis, Forecast, Size, Trends and Insights
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View PricingJune 2023 Sees $11M Surge in Tungsten Halogen Lamp Imports to the United States
U.S. Tungsten Halogen Lamp Imports
In June 2023, after two months of growth, there was significant decline in supplies from abroad of tungsten halogen lamps, when their volume decreased by -10.6% to 5.8M units. Overall, imports showed a abrupt decrease. The most prominent rate of growth was recorded in April 2023 with an increase of 21% m-o-m. Over the period under review, imports attained the maximum at 13M units in June 2022; however, from July 2022 to June 2023, imports stood at a somewhat lower figure.
In value terms, tungsten halogen lamp imports reached $11M (IndexBox estimates) in June 2023. In general, imports continue to indicate a mild contraction. The pace of growth appeared the most rapid in October 2022 with an increase of 48% month-to-month. As a result, imports attained the peak of $17M. From November 2022 to June 2023, the growth of imports remained at a somewhat lower figure.
COUNTRY | Import Value of Tungsten Halogen Lamp in U.S. (million USD) | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | |
Germany | 4.9 | 6.5 | 3.5 | 2.5 | 8.4 | 6.6 | 6.9 | 5.6 | 6.5 | 7.0 | 6.1 | 5.1 | 5.1 |
China | 3.0 | 3.3 | 3.6 | 3.1 | 2.7 | 1.7 | 1.8 | 1.4 | 1.1 | 1.4 | 1.7 | 1.4 | 1.3 |
South Korea | 1.0 | 1.0 | 1.0 | 1.2 | 0.9 | 1.6 | 0.3 | 1.3 | 0.8 | 0.5 | 0.6 | 0.7 | 1.3 |
Hungary | 1.9 | 0.8 | 0.2 | 0.4 | < 0.1 | < 0.1 | N/A | N/A | < 0.1 | N/A | N/A | < 0.1 | N/A |
Others | 3.5 | 4.0 | 4.5 | 4.1 | 4.6 | 3.8 | 3.4 | 3.1 | 3.6 | 4.3 | 3.5 | 3.1 | 3.6 |
Total | 14.2 | 15.7 | 12.8 | 11.2 | 16.6 | 13.8 | 12.5 | 11.4 | 12.0 | 13.2 | 12.0 | 10.3 | 11.3 |
Imports by Country
Germany (2.3M units), China (2M units) and South Korea (1M units) were the main suppliers of tungsten halogen lamp imports to the United States, together accounting for 93% of total imports.
From June 2022 to June 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +2.8%), while imports for the other leaders experienced a decline.
In value terms, Germany ($5.1M) constituted the largest supplier of tungsten halogen lamp to the United States, comprising 45% of total imports. The second position in the ranking was taken by South Korea ($1.3M), with a 12% share of total imports.
From June 2022 to June 2023, the average monthly growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: South Korea (+2.6% per month) and China (-7.0% per month).
Import Prices by Country
In June 2023, the tungsten halogen lamp price stood at $1.9 per unit (CIF, US), growing by 23% against the previous month. In general, import price indicated a notable increase from June 2022 to June 2023: its price increased at an average monthly rate of +4.9% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, tungsten halogen lamp import price increased by +22.7% against May 2023 indices. The most prominent rate of growth was recorded in July 2022 when the average import price increased by 26% month-to-month. The import price peaked at $2.5 per unit in March 2023; however, from April 2023 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Mexico ($7.4 per unit), while the price for China ($621 per thousand units) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Hungary (+32.4%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the tungsten halogen lamp market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27401250 - Tungsten halogen filament lamps for motorcycles and motor vehicles (excluding ultraviolet and infrared lamps)
- Prodcom 27401293 - Tungsten halogen filament lamps, for a voltage > .100 V (excluding ultraviolet and infra-red lamps, for motorcycles and motor vehicles)
- Prodcom 27401295 - Tungsten halogen filament lamps for a voltage . .100 V (excluding ultraviolet and infrared lamps, for motorcycles and motor vehicles)
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023