Northern America: Lamp Plastic Parts Market 2024

Lamp Plastic Parts Market Size in Northern America

The North American lamp plastic parts market surged to $X in 2021, increasing by 20% against the previous year. Over the period under review, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Lamp Plastic Parts Production in Northern America

In value terms, lamp plastic parts production surged to $X in 2021 estimated in export price. Overall, production recorded a relatively flat trend pattern. The level of production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Lamp Plastic Parts Exports

Exports in Northern America

In 2021, after two years of growth, there was significant decline in shipments abroad of plastic parts for lamps and lighting fittings, when their volume decreased by -8.7% to X tons. The total export volume increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 52% against the previous year. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, lamp plastic parts exports expanded remarkably to $X in 2021. The total export value increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by 25%. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States prevails in exports structure, recording X tons, which was approx. 97% of total exports in 2021. Canada (X tons) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the plastic parts for lamps and lighting fittings exports, with a CAGR of +4.5% from 2012 to 2021. Canada (-13.7%) illustrated a downward trend over the same period. The United States (+13 p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -13% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest lamp plastic parts supplier in Northern America, comprising 94% of total exports. The second position in the ranking was taken by Canada ($X), with a 5.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at +4.9%.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, picking up by 16% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the export price increased by 38% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Canada ($X per ton), while the United States stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+6.3%).

Lamp Plastic Parts Imports

Imports in Northern America

After four years of decline, supplies from abroad of plastic parts for lamps and lighting fittings increased by 11% to X tons in 2021. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 18% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, lamp plastic parts imports totaled $X in 2021. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 15%. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) represented the main importer of plastic parts for lamps and lighting fittings, making up 83% of total imports. It was distantly followed by Canada (X tons), creating a 17% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of plastic parts for lamps and lighting fittings. Canada (-4.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States increased by +6.9 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported plastic parts for lamps and lighting fittings in Northern America, comprising 76% of total imports. The second position in the ranking was taken by Canada ($X), with a 24% share of total imports.

In the United States, lamp plastic parts imports remained relatively stable over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per ton, leveling off at the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 8.5%. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+3.9%).

Source: IndexBox Platform

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