U.S.: Chandelier Market 2024

Chandelier Market Size in the U.S.

The U.S. chandelier market contracted to $X in 2022, with a decrease of -9.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, showed a resilient expansion. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Chandelier Exports

Exports from the U.S.

Chandelier exports from the United States expanded rapidly to X units in 2022, picking up by 7.4% compared with the year before. Overall, exports, however, showed a perceptible slump. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, chandelier exports contracted to $X in 2022. Over the period under review, exports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 18%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Canada (X units) was the main destination for chandelier exports from the United States, with a 430% share of total exports. Moreover, chandelier exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-1.8% per year) and Japan (-2.9% per year).

In value terms, Canada ($X) remains the key foreign market for chandeliers exports from the United States, comprising 71% of total exports. The second position in the ranking was held by Mexico ($X), with a 7.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-0.4% per year) and Japan (-2.7% per year).

Export Prices by Country

In 2022, the average chandelier export price amounted to $X per unit, shrinking by -14.1% against the previous year. Overall, the export price, however, saw resilient growth. The most prominent rate of growth was recorded in 2021 an increase of 36% against the previous year. As a result, the export price attained the peak level of $X per unit, and then dropped in the following year.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.

Chandelier Imports

Imports into the U.S.

Chandelier imports into the United States declined to X units in 2022, reducing by -12.7% compared with the year before. Over the period under review, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 53% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, chandelier imports declined to $X in 2022. In general, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +6.7% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 17% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest chandelier supplier to the United States, with a 42% share of total imports. Moreover, chandelier imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), fourfold. The third position in this ranking was held by Vietnam (X units), with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +13.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+3.1% per year) and Vietnam (+99.7% per year).

In value terms, the largest chandelier suppliers to the United States were China ($X), Mexico ($X) and Canada ($X), together comprising 88% of total imports. Vietnam and Thailand lagged somewhat behind, together comprising a further 4.7%.

Vietnam, with a CAGR of +77.2%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average chandelier import price stood at $X per unit in 2022, with an increase of 7.8% against the previous year. In general, the import price, however, continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2020 an increase of 38%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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