U.S.: Lamp Holder Market 2024

Lamp Holder Market Size in the U.S.

The U.S. lamp holder market expanded notably to $X in 2022, picking up by 5.4% against the previous year. In general, consumption, however, showed a prominent increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market failed to regain momentum.

Lamp Holder Production in the U.S.

In value terms, lamp holder production expanded rapidly to $X in 2022. Over the period under review, production, however, showed a strong expansion. The pace of growth was the most pronounced in 2020 when the production volume increased by 40%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Lamp Holder Exports

Exports from the U.S.

In 2022, shipments abroad of lamp holders, plugs and sockets increased by 13% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2014 with an increase of 40% against the previous year. As a result, the exports attained the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, lamp holder exports rose markedly to $X in 2022. The total export value increased at an average annual rate of +3.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 with an increase of 14% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

Exports by Country

Mexico (X tons) was the main destination for lamp holder exports from the United States, with a less than 0.1% share of total exports. Moreover, lamp holder exports to Mexico exceeded the volume sent to the second major destination, Canada (X tons), sixfold. Vietnam (X tons) ranked third in terms of total exports with less than 0.1% share.

From 2012 to 2021, the average annual growth rate of volume to Mexico totaled -7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-16.5% per year) and Vietnam (+100.8% per year).

In value terms, Mexico ($X) remains the key foreign market for lamp holders, plugs and sockets exports from the United States, comprising 0.6% of total exports. The second position in the ranking was held by Canada ($X), with a 0.1% share of total exports. It was followed by the Dominican Republic, with less than 0.1% share.

From 2012 to 2021, the average annual growth rate of value to Mexico was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-10.4% per year) and the Dominican Republic (+7.3% per year).

Export Prices by Country

In 2021, the average lamp holder export price amounted to $X per ton, shrinking by -2.9% against the previous year. Over the period under review, the export price, however, enjoyed prominent growth. The growth pace was the most rapid in 2020 an increase of 304%. As a result, the export price reached the peak level of $X per ton, and then contracted slightly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Lamp Holder Imports

Imports into the U.S.

In 2022, purchases abroad of lamp holders, plugs and sockets increased by 3.3% to X tons, rising for the second consecutive year after six years of decline. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 28%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, lamp holder imports soared to $X in 2022. The total import value increased at an average annual rate of +3.3% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 23% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Mexico (X tons) and Japan (X tons) were the main suppliers of lamp holder imports to the United States, with a combined 0.2% share of total imports. India, Italy, Germany and Honduras lagged somewhat behind, together accounting for a further less than 0.1%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Honduras (with a CAGR of +116.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Mexico ($X) and India ($X) appeared to be the largest lamp holder suppliers to the United States, with a combined 1.5% share of total imports. Japan, Italy, Germany and Honduras lagged somewhat behind, together accounting for a further 0.3%.

Among the main suppliers, Honduras, with a CAGR of +87.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average lamp holder import price stood at $X per ton in 2021, with a decrease of -4.2% against the previous year. Over the last nine years, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2017 an increase of 11% against the previous year. The import price peaked at $X per ton in 2020, and then contracted slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Honduras ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (-7.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :