Northern America: Market for Ballasts For Discharge Lamps Or Tubes 2024

Market Size for Ballasts For Discharge Lamps Or Tubes in Northern America

For the seventh year in a row, the North American ballast for discharge lamp market recorded decline in sales value, which decreased by -2.9% to $X in 2022. Overall, consumption showed a deep contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Ballasts For Discharge Lamps Or Tubes in Northern America

In value terms, ballast for discharge lamp production reached $X in 2022 estimated in export price. Overall, production, however, saw a slight downturn. The pace of growth was the most pronounced in 2019 when the production volume increased by 57% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Exports of Ballasts For Discharge Lamps Or Tubes

Exports in Northern America

In 2022, ballast for discharge lamp exports in Northern America fell to X units, waning by -11.7% compared with the previous year. In general, exports faced a abrupt decrease. The pace of growth was the most pronounced in 2014 when exports increased by 18%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, ballast for discharge lamp exports stood at $X in 2022. Overall, exports faced a abrupt downturn. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States dominates exports structure, amounting to X units, which was approx. 96% of total exports in 2022. Canada (X units) held a minor share of total exports.

Exports from the United States decreased at an average annual rate of -18.1% from 2012 to 2022. Canada (-17.1%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest ballast for discharge lamp supplier in Northern America, comprising 78% of total exports. The second position in the ranking was taken by Canada ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United States totaled -15.9%.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, increasing by 15% against the previous year. Export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ballast for discharge lamp export price increased by +85.3% against 2014 indices. The pace of growth was the most pronounced in 2015 an increase of 20% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+14.5%).

Imports of Ballasts For Discharge Lamps Or Tubes

Imports in Northern America

In 2022, overseas purchases of ballasts for discharge lamps or tubes decreased by -23.2% to X units, falling for the fourth year in a row after two years of growth. Overall, imports showed a deep contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 19% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, ballast for discharge lamp imports shrank significantly to $X in 2022. In general, imports saw a deep downturn. The smallest decline of -8% was in 2021. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United States was the main importing country with an import of about X units, which amounted to 87% of total imports. It was distantly followed by Canada (X units), making up a 13% share of total imports.

Imports into the United States decreased at an average annual rate of -17.8% from 2012 to 2022. Canada (-12.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Canada increased by +5.4 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported ballasts for discharge lamps or tubes in Northern America, comprising 80% of total imports. The second position in the ranking was held by Canada ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States amounted to -17.4%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, declining by -7.6% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 an increase of 67% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per unit), while the United States amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.4%).

Source: IndexBox Platform

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