Canada: Sealed Beam Market 2024

Sealed Beam Market Size in Canada

The Canadian sealed beam market skyrocketed to $X in 2022, jumping by 53% against the previous year. In general, consumption, however, showed a perceptible decline. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sealed Beam Production in Canada

In value terms, sealed beam production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production showed prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of 248% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Sealed Beam Exports

Exports from Canada

In 2022, overseas shipments of sealed beam lamp units increased by 18% to X units, rising for the second year in a row after two years of decline. In general, exports, however, continue to indicate a slight downturn. The pace of growth appeared the most rapid in 2021 with an increase of 110%. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, sealed beam exports surged to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when exports increased by 117% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for sealed beam exports from Canada, with a 88% share of total exports. Moreover, sealed beam exports to the United States exceeded the volume sent to the second major destination, the UK (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled -1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+30.6% per year) and Italy (+27.4% per year).

In value terms, the United States ($X), the UK ($X) and Italy ($X) constituted the largest markets for sealed beam exported from Canada worldwide, with a combined 89% share of total exports.

The UK, with a CAGR of +29.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average sealed beam export price stood at $X per unit in 2022, increasing by 20% against the previous year. Overall, the export price enjoyed mild growth. The growth pace was the most rapid in 2015 when the average export price increased by 88%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.3%), while the prices for the other major destinations experienced a decline.

Sealed Beam Imports

Imports into Canada

For the eighth consecutive year, Canada recorded decline in purchases abroad of sealed beam lamp units, which decreased by -6.9% to X units in 2022. Overall, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of 3.8%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, sealed beam imports soared to $X in 2022. Over the period under review, imports saw a pronounced curtailment. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of sealed beam to Canada, with a 69% share of total imports. Moreover, sealed beam imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. Mexico (X units) ranked third in terms of total imports with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -17.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-16.7% per year) and Mexico (-12.4% per year).

In value terms, the United States ($X), Japan ($X) and China ($X) were the largest sealed beam suppliers to Canada, together accounting for 76% of total imports.

Japan, with a CAGR of +24.0%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average sealed beam import price stood at $X per unit in 2022, jumping by 56% against the previous year. Over the period under review, the import price enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 73%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+16.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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