U.S.: Noncurrent-Carrying Wiring Device Market 2024

Noncurrent-Carrying Wiring Device Market Size in the U.S.

In 2022, the U.S. noncurrent-carrying wiring device market increased by X% to $X, rising for the second consecutive year 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 in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Noncurrent-Carrying Wiring Device Production in the U.S.

In value terms, noncurrent-carrying wiring device production contracted slightly to $X in 2022. Overall, production, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

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Noncurrent-Carrying Wiring Device Exports

Exports from the U.S.

In 2022, noncurrent-carrying wiring device exports from the United States reduced markedly to X units, with a decrease of X% against 2021 figures. Over the period under review, exports saw a abrupt decline. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, noncurrent-carrying wiring device exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of X% from 2013 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico (X units) was the main destination for noncurrent-carrying wiring device exports from the United States, with a X% share of total exports. Moreover, noncurrent-carrying wiring device exports to Mexico exceeded the volume sent to the second major destination, Canada (X units), more than tenfold.

From 2013 to 2022, the average annual rate of growth in terms of volume to Mexico amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (X% per year) and China (X% per year).

In value terms, Mexico ($X), Canada ($X) and China ($X) were the largest markets for noncurrent-carrying wiring device exported from the United States worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Canada, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average noncurrent-carrying wiring device export price amounted to $X per unit, jumping by X% against the previous year. In general, export price indicated a strong increase from 2013 to 2022: its price 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. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (X%), while the prices for the other major destinations experienced more modest paces of growth.

Noncurrent-Carrying Wiring Device Imports

Imports into the U.S.

In 2022, after two years of growth, there was decline in overseas purchases of noncurrent-carrying wiring devices, when their volume decreased by X% to X units. Overall, imports, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then declined slightly in the following year.

In value terms, noncurrent-carrying wiring device imports skyrocketed to $X in 2022. In general, total imports indicated a buoyant expansion from 2013 to 2022: its value increased at an average annual rate of X% over the last nine years. 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 was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

Taiwan (Chinese) (X units), China (X units) and Germany (X units) were the main suppliers of noncurrent-carrying wiring device imports to the United States, with a combined X% share of total imports.

From 2013 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (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 Canada ($X) constituted the largest noncurrent-carrying wiring device suppliers to the United States, together accounting for X% of total imports. India, Germany, Taiwan (Chinese) and France lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Taiwan (Chinese), 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 noncurrent-carrying wiring device import price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced contraction. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Mexico ($X per unit), while the price for Taiwan (Chinese) ($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 more modest paces of growth.

Source: IndexBox Platform

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