Canada: Market for Ballasts For Discharge Lamps Or Tubes 2024

Market Size for Ballasts For Discharge Lamps Or Tubes in Canada

The Canadian ballast for discharge lamp market declined markedly to $X in 2021, falling by -15.5% against the previous year. Over the period under review, consumption continues to indicate a deep downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Ballasts For Discharge Lamps Or Tubes in Canada

In value terms, ballast for discharge lamp production reduced rapidly to $X in 2021 estimated in export price. Overall, production showed a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 60% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Ballasts For Discharge Lamps Or Tubes

Exports from Canada

In 2021, exports of ballasts for discharge lamps or tubes from Canada soared to X units, jumping by 36% on the year before. In general, exports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2019 when exports increased by 43% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, ballast for discharge lamp exports fell to $X in 2021. Overall, exports, however, recorded a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 with an increase of 21% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for ballast for discharge lamp exports from Canada, accounting for a 84% share of total exports. It was followed by Hong Kong SAR (X units), with a 1.9% share of total exports. Singapore (X units) ranked third in terms of total exports with a 1.7% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled -15.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-4.6% per year) and Singapore (+15.7% per year).

In value terms, the United States ($X) remains the key foreign market for ballast for discharge lamp exports from Canada, comprising 69% of total exports. The second position in the ranking was taken by China ($X), with a 2.7% share of total exports. It was followed by Indonesia, with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to -8.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-11.5% per year) and Indonesia (+42.9% per year).

Export Prices by Country

In 2021, the average ballast for discharge lamp export price amounted to $X per unit, falling by -32.6% against the previous year. Over the period under review, the export price, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 84%. As a result, the export price reached the peak level of $X per unit, and then fell rapidly in the following year.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to the Netherlands ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+34.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ballasts For Discharge Lamps Or Tubes

Imports into Canada

In 2021, after three years of decline, there was growth in purchases abroad of ballasts for discharge lamps or tubes, when their volume increased by 2.4% to X units. Overall, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2017 when imports increased by 5.1%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, ballast for discharge lamp imports rose markedly to $X in 2021. In general, imports, however, showed a deep slump. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Mexico (X units) and the United States (X units) were the main suppliers of ballast for discharge lamp imports to Canada, together accounting for 94% of total imports. Hungary lagged somewhat behind, accounting for a further 2%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +128.4%), while imports for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of ballast for discharge lamp to Canada, comprising 55% of total imports. The second position in the ranking was taken by Mexico ($X), with an 18% share of total imports. It was followed by the United States, with a 5.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -7.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-19.5% per year) and the United States (-11.6% per year).

Import Prices by Country

The average ballast for discharge lamp import price stood at $X per unit in 2021, picking up by 5.8% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 19% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Hungary ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+2.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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