Electric Lamp Bulb Market - After Four Years of Recovery, U.S. Electric Lamp Bulb Imports Turned into Decline in 2014-2015

Electric Lighting Equipment June 15, 2016
Author: Irina Andreeva
Market Analyst

electric lamp bulb market

Photo: © janaka Dharmasena / Bigstockphoto

The U.S. ranks first in global imports on the electric lamp bulb market, with a 16% share (based on USD). It was followed by China (9%), Germany (7%) and France (7%). In 2015, U.S. imports of electric lamp bulb and parts totaled 2,081 million USD, which was 359 million USD (15%) less than the year before.

From 2007 to 2015, U.S. electric lamp bulb and parts imports showed mixed dynamics. A downward trend of 2007-2008 continued with another drop in 2009, which was followed by recovery over the next four years, until imports turned downwards again. In 2015, the downturn accelerated, plummeting by 15% to the previous year.

Being one of the largest consumer markets, the U.S. remains one of the most attractive destinations for overseas suppliers. China dominated in U.S. imports of electric lamp bulb and parts, with a 51% share of total imports in 2015. However, imports from China declined by -1.3% annually over the period under review, while the fastest growing suppliers were Germany (ranked second, +3.0% per year) and Hungary (+4.5% per year) from 2007 to 2015. China, Germany and Hungary slightly strengthened theirs positions in U.S. imports. By contrast, Mexico (ranked fifth in 2015) saw its share reduced from significant 10% in 2007 to 5% in 2015.

From 2007 to 2015, the U.S. was a net importer of electric lamp bulb and parts. On average, over the period under review, export dynamics tracked similar fluctuations to import dynamics, declining in 2014-2015 after a recovery period from 2009 to 2013.

Reflecting the fluctuations of exports and imports, net U.S. imports of electric lamp bulb and parts showed mixed dynamics over the period under review. Over the last two years, the trade deficit declined to 1,445 million USD in 2015.

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Source: U.S. Electric Lamp Bulb And Parts Market. Analysis And Forecast to 2020