U.S.: Market for Commercial, Industrial, And Institutional Electric Lighting Fixture 2024

Market Size for Commercial, Industrial, And Institutional Electric Lighting Fixture in the U.S.

In 2022, the U.S. commercial electric lighting fixture market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% over the period from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in the immediate term.

Production of Commercial, Industrial, And Institutional Electric Lighting Fixture in the U.S.

In value terms, commercial electric lighting fixture production dropped to $X in 2022. The total output value increased at an average annual rate of X% from 2013 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Commercial electric lighting fixture production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Commercial, Industrial, And Institutional Electric Lighting Fixture

Exports from the U.S.

In 2022, shipments abroad of commercial, industrial, and institutional electric lighting fixture was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of X% from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, commercial electric lighting fixture exports surged to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2013 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Canada (X units) was the main destination for commercial electric lighting fixture exports from the United States, with a X% share of total exports. Moreover, commercial electric lighting fixture exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), more than tenfold.

From 2013 to 2022, the average annual rate of growth in terms of volume to Canada stood at X%.

In value terms, Canada ($X) remains the key foreign market for commercial, industrial, and institutional electric lighting fixture exports from the United States, comprising X% of total exports. The second position in the ranking was held by Mexico ($X), with a X% share of total exports.

From 2013 to 2022, the average annual growth rate of value to Canada stood at X%.

Export Prices by Country

The average commercial electric lighting fixture export price stood at $X per unit in 2022, surging by X% against the previous year. In general, the export price, however, continues to indicate a mild setback. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

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 Canada totaled $X per unit.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%).

Imports of Commercial, Industrial, And Institutional Electric Lighting Fixture

Imports into the U.S.

In 2022, overseas purchases of commercial, industrial, and institutional electric lighting fixture increased by X% to X units, rising for the second year in a row after two years of decline. Overall, total imports indicated a strong expansion from 2013 to 2022: its volume increased at an average annual rate of X% over the last nine-year period. 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 growth pace was the most rapid in 2017 with an increase of X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, commercial electric lighting fixture imports rose markedly to $X in 2022. Over the period under review, total imports indicated a prominent expansion from 2013 to 2022: its value increased at an average annual rate of X% over the last nine-year period. 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 growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X units), Mexico (X units) and Thailand (X units) were the main suppliers of commercial electric lighting fixture imports to the United States, with a combined X% share of total imports. Vietnam, Malaysia and Cambodia lagged somewhat behind, together comprising a further X%.

From 2013 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Cambodia (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), China ($X) and Vietnam ($X) constituted the largest commercial electric lighting fixture suppliers to the United States, together comprising X% of total imports. Thailand, Malaysia and Cambodia lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Cambodia, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average commercial electric lighting fixture import price amounted to $X per unit, rising by X% against the previous year. Over the period from 2013 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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

From 2013 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 mixed trend patterns.

Source: IndexBox Platform

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