U.S.: Market for Ballasts For Discharge Lamps Or Tubes 2024

Market Size for Ballasts For Discharge Lamps Or Tubes in the U.S.

The U.S. ballast for discharge lamp market dropped to $X in 2021, waning by -11.4% against the previous year. Over the period under review, consumption continues to indicate a abrupt decline. Ballast for discharge lamp consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Ballasts For Discharge Lamps Or Tubes in the U.S.

In value terms, ballast for discharge lamp production reduced to $X in 2021. Overall, production recorded a noticeable slump. The growth pace was the most rapid in 2019 with an increase of 52% against the previous year. Ballast for discharge lamp production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Ballasts For Discharge Lamps Or Tubes

Exports from the U.S.

In 2021, exports of ballasts for discharge lamps or tubes from the United States reduced to X units, which is down by -12.5% compared with 2020 figures. In general, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by 18%. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports failed to regain momentum.

In value terms, ballast for discharge lamp exports declined to $X in 2021. Over the period under review, exports saw a abrupt downturn. The smallest decline of -2% was in 2014. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Canada (X units), Mexico (X units) and South Korea (X units) were the main destinations of ballast for discharge lamp exports from the United States, with a combined 71% share of total exports. China, the UK, Panama, Colombia, Poland, Saudi Arabia and Hong Kong SAR lagged somewhat behind, together comprising a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +46.3%), while the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Canada ($X) and South Korea ($X) constituted the largest markets for ballast for discharge lamp exported from the United States worldwide, together accounting for 71% of total exports. The UK, China, Panama, Saudi Arabia, Colombia, Poland and Hong Kong SAR lagged somewhat behind, together accounting for a further 15%.

Poland, with a CAGR of +48.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average ballast for discharge lamp export price amounted to $X per unit, increasing by 11% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. The pace of growth was the most pronounced in 2015 when the average export price increased by 19%. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to continue growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Panama ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ballasts For Discharge Lamps Or Tubes

Imports into the U.S.

In 2021, supplies from abroad of ballasts for discharge lamps or tubes decreased by -12.3% to X units, falling for the third consecutive year after two years of growth. Overall, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2018 with an increase of 20% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, ballast for discharge lamp imports fell to $X in 2021. In general, imports faced a abrupt decline. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X units) and Mexico (X units) were the main suppliers of ballast for discharge lamp imports to the United States.

From 2012 to 2021, the biggest increases were in China (with a CAGR of -14.7%).

In value terms, China ($X) constituted the largest supplier of ballast for discharge lamp to the United States, comprising 64% of total imports. The second position in the ranking was held by Mexico ($X), with a 23% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -10.4%.

Import Prices by Country

In 2021, the average ballast for discharge lamp import price amounted to $X per unit, surging by 1.6% against the previous year. In general, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ballast for discharge lamp import price increased by +136.9% against 2018 indices. The growth pace was the most rapid in 2019 an increase of 70% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was China ($X per unit), while the price for Mexico amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.0%).

Source: IndexBox Platform

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