Canada: Market for Special-Purpose Electric Lamps and Lighting Fittings 2024

Market Size for Special-Purpose Electric Lamps and Lighting Fittings in Canada

In 2022, after five years of growth, there was decline in the Canadian market for special-purpose electric lamps and lighting fittings, when its value decreased by -2.4% to $X. Over the period under review, consumption continues to indicate a resilient increase. Consumption of peaked at $X in 2021, and then contracted slightly in the following year.

Production of Special-Purpose Electric Lamps and Lighting Fittings in Canada

In value terms, production of special-purpose electric lamps and lighting fittings expanded significantly to $X in 2022 estimated in export price. In general, production enjoyed significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 6,812% against the previous year. Over the period under review, production of hit record highs at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Special-Purpose Electric Lamps and Lighting Fittings

Exports from Canada

In 2022, shipments abroad of special-purpose electric lamps and lighting fittings increased by 7.3% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total exports indicated slight growth from 2012 to 2022: its volume increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -36.2% against 2016 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 27% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, exports of special-purpose electric lamps and lighting fittings declined to $X in 2022. Overall, total exports indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +1.3% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of 24%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for exports of special-purpose electric lamps and lighting fittings from Canada, with a approx. 89% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States was relatively modest.

In value terms, the United States ($X) also remains the key foreign market for special-purpose electric lamps and lighting fittings exports from Canada.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +3.9%.

Export Prices by Country

The average export price for special-purpose electric lamps and lighting fittings stood at $X per unit in 2022, which is down by -8% against the previous year. In general, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for special-purpose electric lamps and lighting fittings increased by +8.2% against 2020 indices. The pace of growth was the most pronounced in 2018 when the average export price increased by 20% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +3.0% per year.

Imports of Special-Purpose Electric Lamps and Lighting Fittings

Imports into Canada

In 2022, approx. X units of special-purpose electric lamps and lighting fittings were imported into Canada; with a decrease of -5.7% on the previous year's figure. The total import volume increased at an average annual rate of +1.6% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 13%. Over the period under review, imports of hit record highs at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of special-purpose electric lamps and lighting fittings shrank to $X in 2022. The total import value increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 21% against the previous year. As a result, imports reached the peak of $X, and then dropped in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of special-purpose electric lamp and lighting fitting to Canada, with a 57% share of total imports. Moreover, imports of special-purpose electric lamps and lighting fittings from China exceeded the figures recorded by the second-largest supplier, the United States (X units), threefold. Mexico (X units) ranked third in terms of total imports with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +3.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-4.2% per year) and Mexico (+2.2% per year).

In value terms, China ($X) constituted the largest supplier of special-purpose electric lamps and lighting fittings to Canada, comprising 58% of total imports. The second position in the ranking was held by the United States ($X), with a 21% share of total imports. It was followed by Mexico, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +4.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-3.9% per year) and Mexico (+3.0% per year).

Import Prices by Country

The average import price for special-purpose electric lamps and lighting fittings stood at $X per unit in 2022, declining by -3.1% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 7.2% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per unit) and Germany ($X per unit), while the price for the United States ($X per unit) and the Netherlands ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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