Northern America: Lamp Holder Market 2024

Lamp Holder Market Size in Northern America

The North American lamp holder market rose remarkably to $X in 2022, surging by 6.3% against the previous year. In general, consumption showed a strong increase. The level of consumption peaked in 2022 and is likely to continue growth in the immediate term.

Lamp Holder Production in Northern America

In value terms, lamp holder production expanded sharply to $X in 2022 estimated in export price. Overall, production, however, enjoyed resilient growth. The pace of growth was the most pronounced in 2020 when the production volume increased by 37%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Lamp Holder Exports

Exports in Northern America

In 2022, overseas shipments of lamp holders, plugs and sockets increased by 11% to X tons, rising for the second consecutive year after two years of decline. Overall, exports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2014 when exports increased by 40%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, lamp holder exports rose markedly to $X in 2022. The total export value increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 14% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States dominates exports structure, finishing at X tons, which was near 93% of total exports in 2022. It was distantly followed by Canada (X tons), mixing up a 7.2% share of total exports.

Exports from the United States decreased at an average annual rate of -9.9% from 2012 to 2022. Canada experienced a relatively flat trend pattern. Canada (+4.5 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -4.5% from 2012 to 2022, respectively.

In value terms, the United States ($X) remains the largest lamp holder supplier in Northern America, comprising 98% of total exports. The second position in the ranking was taken by Canada ($X), with a 2.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +3.7%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. In general, the export price, however, saw a prominent increase. The pace of growth was the most pronounced in 2020 when the export price increased by 281%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the export prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+15.0%).

Lamp Holder Imports

Imports in Northern America

In 2022, overseas purchases of lamp holders, plugs and sockets increased by 15% to X tons, rising for the second consecutive year after six years of decline. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 26%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, lamp holder imports soared to $X in 2022. The total import value increased at an average annual rate of +2.9% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 22%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

The United States was the main importing country with an import of around X tons, which amounted to 80% of total imports. It was distantly followed by Canada (X tons), mixing up a 20% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of lamp holders, plugs and sockets. At the same time, Canada (+3.0%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +3.0% from 2012-2022. While the share of Canada (+4.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United States (-4.5 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported lamp holders, plugs and sockets in Northern America, comprising 88% of total imports. The second position in the ranking was taken by Canada ($X), with a 12% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at +3.3%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, almost unchanged from the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The most prominent rate of growth was recorded in 2017 an increase of 10%. Over the period under review, import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+3.6%).

Source: IndexBox Platform

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