Northern America: Market for Residential, Commercial and Industrial Lighting Fixture 2024

Market Size for Residential, Commercial and Industrial Lighting Fixture in Northern America

The North American market for residential, commercial and industrial lighting fixture expanded remarkably to $X in 2021, surging by 10% against the previous year. The total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +8.6% against 2018 indices. The level of consumption peaked in 2021 and is expected to retain growth in the immediate term.

Production of Residential, Commercial and Industrial Lighting Fixture in Northern America

In value terms, production of residential, commercial and industrial lighting fixture dropped to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 9.3%. The level of production peaked at $X in 2020, and then dropped in the following year.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports in Northern America

In 2021, approx. X units of residential, commercial and industrial lighting fixture were exported in Northern America; with a decrease of -2% on 2020 figures. The total export volume increased at an average annual rate of +2.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when exports increased by 11%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports of remained at a lower figure.

In value terms, exports of residential, commercial and industrial lighting fixture rose notably to $X in 2021. The total export value increased at an average annual rate of +3.2% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when exports increased by 14% against the previous year. Over the period under review, the exports of attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, Canada (X units) and the United States (X units) was the major exporter of residential, commercial and industrial lighting fixture in Northern America, generating 99.9% of total export.

From 2012 to 2021, the biggest increases were recorded for Canada (with a CAGR of +6.5%).

In value terms, the largest residential, commercial and industrial lighting fixture supplying countries in Northern America were the United States ($X) and Canada ($X).

In terms of the main exporting countries, Canada, with a CAGR of +8.2%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per unit, picking up by 13% against the previous year. Overall, the export price showed a relatively flat trend pattern. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+1.6%).

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports in Northern America

In 2021, the amount of residential, commercial and industrial lighting fixture imported in Northern America expanded remarkably to X units, growing by 9.8% compared with the previous year. Overall, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 66%. The volume of import peaked in 2021 and is expected to retain growth in the near future.

In value terms, imports of residential, commercial and industrial lighting fixture skyrocketed to $X in 2021. The total import value increased at an average annual rate of +5.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports of reached the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States prevails in fixture structure, recording X units, which was near 93% of total imports in 2021. It was distantly followed by Canada (X units), making up a 7.1% share of total imports.

The United States was also the fastest-growing in terms of the residential, commercial and industrial lighting fixture imports, with a CAGR of +12.1% from 2012 to 2021. Canada experienced a relatively flat trend pattern. While the share of the United States (+11 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Canada (-10.7 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported residential, commercial and industrial lighting fixture in Northern America, comprising 87% of total imports. The second position in the ranking was held by Canada ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at +5.8%.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per unit, rising by 5.6% against the previous year. Over the period under review, the import price, however, showed a perceptible descent. The growth pace was the most rapid in 2014 an increase of 11%. Over the period under review, import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+3.3%).

Source: IndexBox Platform

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