U.S.: Electric Lamp Market 2024

Electric Lamp Market Size in the U.S.

After two years of growth, the U.S. electric lamp market decreased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then contracted modestly in the following year.

Electric Lamp Production in the U.S.

In value terms, electric lamp production stood at $X in 2022. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Electric Lamp Exports

Exports from the U.S.

In 2022, electric lamp exports from the United States fell to X units, declining by X% compared with 2021 figures. Overall, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, electric lamp exports dropped to $X in 2022. Over the period under review, exports saw a slight descent. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X units), Mexico (X units) and Ecuador (X units) were the main destinations of electric lamp exports from the United States, together accounting for X% of total exports. Bahamas, China, Germany, Taiwan (Chinese), Brazil, Japan, South Korea, Thailand and Hungary lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bahamas (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for electric lamp exported from the United States were Canada ($X), Bahamas ($X) and Taiwan (Chinese) ($X), with a combined X% share of total exports.

Bahamas, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of 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

The average electric lamp export price stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price, however, showed resilient growth. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit, and then reduced modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hungary ($X per unit), while the average price for exports to Mexico ($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 Hungary (X%), while the prices for the other major destinations experienced more modest paces of growth.

Electric Lamp Imports

Imports into the U.S.

In 2022, the amount of electric lamps imported into the United States dropped to X units, with a decrease of X% against 2021 figures. In general, imports continue to indicate a mild downturn. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, electric lamp imports dropped to $X in 2022. Overall, total imports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Taiwan (Chinese) (X units) constituted the largest electric lamp supplier to the United States, accounting for a X% share of total imports. Moreover, electric lamp imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by Hungary (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Taiwan (Chinese) amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Hungary (X% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of electric lamps to the United States, comprising X% of total imports. The second position in the ranking was taken by China ($X), with an X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Taiwan (Chinese) amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average electric lamp import price amounted to $X per unit, growing by X% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric lamp import price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

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 Mexico ($X per unit), while the price for Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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