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U.S. Commercial, Industrial, And Institutional Electric Lighting Fixture Market. Analysis And Forecast to 2030
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View PricingPrice for Commercial Electric Lighting Fixture in the United States - 2023
Contents:
- Price for Commercial Electric Lighting Fixture in the United States (CIF) - 2022
- Price for Commercial Electric Lighting Fixture in the United States (FOB) - 2023
- Imports of Commercial Electric Lighting Fixture in the United States
- Exports of Commercial Electric Lighting Fixture in the United States
Price for Commercial Electric Lighting Fixture in the United States (CIF) - 2022
The average commercial electric lighting fixture import price stood at $26 per unit in 2022, increasing by 7.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2015 when the average import price increased by 13% against the previous year. Over the period under review, average import prices hit record highs at $29 per unit in 2016; however, from 2017 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 Mexico ($37 per unit), while the price for Cambodia ($9.7 per unit) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Commercial Electric Lighting Fixture in the United States (FOB) - 2023
The average commercial electric lighting fixture export price stood at $60.5 per unit in August 2023, dropping by -8.2% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.3%. The pace of growth appeared the most rapid in October 2022 an increase of 11% against the previous month. Over the period under review, the average export prices reached the peak figure at $70.4 per unit in April 2023; however, from May 2023 to August 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In August 2023, the country with the highest price was Mexico ($60.0 per unit), while the average price for exports to Malaysia ($20.3 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+2.2%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Commercial Electric Lighting Fixture in the United States
In 2022, the amount of commercial, industrial, and institutional electric lighting fixture imported into the United States totaled 112M units, remaining relatively unchanged against 2021. The total import volume increased at an average annual rate of +4.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 14%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
In value terms, commercial electric lighting fixture imports expanded sharply to $2.9B in 2022. The total import value increased at an average annual rate of +3.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 11%. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the near future.
Import of Commercial Electric Lighting Fixture in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Mexico | 1,249 | 1,206 | 1,212 | 1,261 | 0.3% |
China | 688 | 631 | 791 | 697 | 0.4% |
Vietnam | 1.1 | 16.5 | 50.5 | 92.6 | 338.3% |
Thailand | 6.5 | 8.9 | 38.3 | 73.9 | 124.9% |
Malaysia | 3.1 | 20.7 | 36.4 | 72.0 | 185.3% |
Cambodia | N/A | 4.4 | 15.1 | 17.1 | 97.1% |
Others | 661 | 556 | 563 | 710 | 2.4% |
Total | 2,609 | 2,445 | 2,706 | 2,923 | 3.9% |
Top Suppliers of Commercial Electric Lighting Fixture to the United States in 2022:
- China (54.6M units)
- Mexico (34.2M units)
- Vietnam (5.1M units)
- Thailand (5.1M units)
- Malaysia (3.2M units)
- Cambodia (1.8M units)
Exports of Commercial Electric Lighting Fixture in the United States
In 2022, shipments abroad of commercial, industrial, and institutional electric lighting fixture was finally on the rise to reach 6.5M units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a mild slump. The exports peaked at 6.8M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, commercial electric lighting fixture exports soared to $377M in 2022. The total export value increased at an average annual rate of +5.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Commercial Electric Lighting Fixture in the United States (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | 224 | 200 | 225 | 288 | 8.7% |
Mexico | 29.8 | 18.6 | 23.2 | 26.0 | -4.4% |
Others | 70.4 | 55.1 | 70.7 | 63.7 | -3.3% |
Total | 325 | 274 | 319 | 377 | 5.1% |
Top Export Markets for Commercial Electric Lighting Fixture from the United States in 2022:
- Canada (5.6M units)
- Mexico (0.5M units)
This report provides an in-depth analysis of the market for commercial electric lighting fixture in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- NAICS 335122 - Commercial, industrial, and institutional electric lighting fixture manufacturing
Companies mentioned:
- Osram Sylvania
- The Genlyte Group Incorporated
- Acuity Brands
- Juno Lighting
- Amerlux
- Litecontrol Corporation
- Orion Energy Systems
- Generac Mobile Products
- Zumtobel Lighting
- H. E. Williams
- Holophane Corporation
- Simkar
- Spectronics Corporation
- Visionaire Lighting
- Lighting Science Group Corporation
- Industrial Lighting Products
- Finelite
- Spectrum Lighting
- Selux Corporation
- Acuity Brands Lighting
- Focal Point
- Winona Lighting
- Fleco Industries
- Columbia Lighting
- Philips Lighting North America Corporation
- Genlyte Thomas Group
- Jji Lighting Group
- Eaton Electric Holdings
- LSI Lightron
- Cooper Industries
- Newco Lighting
Country coverage:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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The price of Switchgear And Switchboard Apparatus in August 2023 was $6.5 per unit (CIF, US), which remained relatively unchanged from the previous month.
In value terms, switchgear and switchboard apparatus imports soared to $1.7B in March 2023.
In November 2022, the switchgear and switchboard apparatus price amounted to $5.5 per unit (CIF, US), picking up by 9.5% against the previous month.
In value terms, switchgear and switchboard apparatus production amounted to $10.4B in 2018. Exports from the U.S.
The U.S. takes an X% share (based on USD) of global switchgear and switchboard apparatus imports, which put it in second place, following China (X%). In 2015, U.S. switchgear and switchboard apparatus imports totaled X
During the review period, the number of imports in the storage battery industry reached its peak in November 2022, with 114M units. However, from December 2022 to November 2023, imports showed a slightly lower figure. In terms of value, storage battery imports significantly grew to $2.7B in November 2023.
Imports of Storage Batteries in June 2023 decreased to $2.2B in terms of value.
In March 2023, the price of Storage Battery fell by -9.9% to $20.8 CIF (Cost, Insurance and Freight) per unit compared to the previous month.
In 2020, the amount of storage batteries imported into the U.S. skyrocketed to 645M units, rising by 40% against the previous year. In value terms, storage battery imports skyrocketed from $8.0B to $9.3B.