Northern America: Sealed Beam Market 2024

Sealed Beam Market Size in Northern America

The North American sealed beam market rose modestly to $X in 2022, surging by 5% against the previous year. The market value increased at an average annual rate of +1.4% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The level of consumption peaked in 2022 and is likely to continue growth in years to come.

Sealed Beam Production in Northern America

In value terms, sealed beam production totaled $X in 2022 estimated in export price. The total production indicated temperate growth from 2012 to 2022: its value increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -3.3% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 34% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Sealed Beam Exports

Exports in Northern America

In 2022, shipments abroad of sealed beam lamp units increased by 38% to X units, rising for the second year in a row after three years of decline. Over the period under review, exports, however, recorded a abrupt curtailment. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, sealed beam exports surged to $X in 2022. In general, exports, however, continue to indicate a noticeable decline. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States prevails in exports structure, recording X units, which was approx. 92% of total exports in 2022. It was distantly followed by Canada (X units), achieving an 8.4% share of total exports.

Exports from the United States decreased at an average annual rate of -9.1% from 2012 to 2022. Canada (-1.5%) illustrated a downward trend over the same period. While the share of Canada (+4.5 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (-4.5 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest sealed beam supplier in Northern America, comprising 94% of total exports. The second position in the ranking was taken by Canada ($X), with a 6.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United States stood at -5.2%.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2022, rising by 2.5% against the previous year. Export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sealed beam export price increased by +46.6% against 2015 indices. The growth pace was the most rapid in 2018 an increase of 16%. Over the period under review, the export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada 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 (+4.4%).

Sealed Beam Imports

Imports in Northern America

In 2022, supplies from abroad of sealed beam lamp units was finally on the rise to reach X units after three years of decline. Over the period under review, imports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2014 with an increase of 28%. As a result, imports attained the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sealed beam imports surged to $X in 2022. In general, imports, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 41% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) was the largest importer of sealed beam lamp units, generating 79% of total imports. It was distantly followed by Canada (X units), comprising a 21% share of total imports.

The United States was also the fastest-growing in terms of the sealed beam lamp units imports, with a CAGR of -5.1% from 2012 to 2022. Canada (-17.3%) illustrated a downward trend over the same period. The United States (+30 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -30.4% from 2012 to 2022, respectively.

In value terms, the United States ($X) and Canada ($X) were the countries with the highest levels of imports in 2022.

In terms of the main importing countries, the United States, with a CAGR of -1.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2022, with an increase of 35% against the previous year. Import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, sealed beam import price increased by +62.0% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Canada (+15.6%).

Source: IndexBox Platform

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