U.S. - Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Lighting Equipment for Motor Vehicles in the United States - 2023
Contents:
- Price for Lighting Equipment for Motor Vehicles in the United States (CIF) - 2023
- Price for Lighting Equipment for Motor Vehicles in the United States (FOB) - 2022
- Imports of Lighting Equipment for Motor Vehicles in the United States
- Exports of Lighting Equipment for Motor Vehicles in the United States
Price for Lighting Equipment for Motor Vehicles in the United States (CIF) - 2023
The average import price for electrical lighting or visual signaling equipment for motor vehicles and cycles stood at $14.5 per unit in September 2023, rising by 12% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +2.0%. The growth pace was the most rapid in June 2023 an increase of 12% month-to-month. Over the period under review, average import prices hit record highs in September 2023.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Canada ($65.2 per unit), while the price for Costa Rica ($2.8 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Lighting Equipment for Motor Vehicles in the United States (FOB) - 2022
The average export price for electrical lighting or visual signaling equipment for motor vehicles and cycles stood at $24 per unit in 2022, remaining relatively unchanged against the previous year. In general, the export price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2019 an increase of 51%. The export price peaked at $32 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($86 per unit), while the average price for exports to China ($6.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+24.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Lighting Equipment for Motor Vehicles in the United States
For the fourth year in a row, the United States recorded growth in supplies from abroad of electrical lighting or visual signaling equipment for motor vehicles and cycles, which increased by 6.4% to 425M units in 2022. The total import volume increased at an average annual rate of +11.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 31% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, lighting equipment for motor vehicles imports reached $4.9B in 2022. The total import value increased at an average annual rate of +5.8% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 19% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Lighting Equipment for Motor Vehicles in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 1,666 | 1,549 | 1,803 | 2,027 | 6.8% |
| Taiwan (Chinese) | 730 | 694 | 872 | 918 | 7.9% |
| China | 548 | 381 | 419 | 430 | -7.8% |
| South Korea | 260 | 272 | 325 | 363 | 11.8% |
| Canada | 241 | 218 | 243 | 249 | 1.1% |
| Japan | 245 | 201 | 227 | 235 | -1.4% |
| Germany | 75.9 | 49.0 | 69.9 | 118 | 15.8% |
| Vietnam | 5.2 | 19.7 | 45.9 | 68.8 | 136.5% |
| Thailand | 53.0 | 57.7 | 68.0 | 65.6 | 7.4% |
| Others | 290 | 257 | 325 | 392 | 10.6% |
| Total | 4,114 | 3,699 | 4,398 | 4,867 | 5.8% |
Top Suppliers of Lighting Equipment for Motor Vehicles to the United States in 2022:
- Mexico (95.0M units)
- Taiwan (Chinese) (85.1M units)
- China (73.4M units)
- South Korea (40.9M units)
- Vietnam (28.6M units)
- Japan (21.5M units)
- Thailand (15.7M units)
- Germany (12.4M units)
- Canada (7.2M units)
Exports of Lighting Equipment for Motor Vehicles in the United States
In 2022, approx. 71M units of electrical lighting or visual signaling equipment for motor vehicles and cycles were exported from the United States; increasing by 12% compared with the year before. The total export volume increased at an average annual rate of +3.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 33%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, lighting equipment for motor vehicles exports rose significantly to $1.7B in 2022. In general, exports, however, recorded a noticeable decrease. Over the period under review, the exports attained the peak figure at $1.8B in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Lighting Equipment for Motor Vehicles in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 874 | 674 | 684 | 777 | -3.8% |
| Mexico | 507 | 289 | 325 | 447 | -4.1% |
| China | 119 | 242 | 165 | 162 | 10.8% |
| Germany | 39.7 | 45.6 | 65.7 | 68.5 | 19.9% |
| Brazil | 30.3 | 23.4 | 34.8 | 36.7 | 6.6% |
| Japan | 20.5 | 20.3 | 19.1 | 20.4 | -0.2% |
| South Korea | 21.0 | 11.8 | 13.7 | 9.7 | -22.7% |
| Others | 237 | 199 | 234 | 212 | -3.6% |
| Total | 1,849 | 1,504 | 1,541 | 1,732 | -2.2% |
Top Export Markets for Lighting Equipment for Motor Vehicles from the United States in 2022:
- Mexico (25.8M units)
- China (24.2M units)
- Canada (9.0M units)
- Japan (1.8M units)
- Brazil (1.7M units)
- Germany (1.5M units)
- South Korea (0.9M units)
This report provides an in-depth analysis of the market for lighting equipment for motor vehicles 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:
- Prodcom 27403910 - Electrical lighting or visual signalling equipment for motor vehicles (excluding electric filament or discharge lamps, s ealed beam lamp units, ultraviolet, infrared and arc lamps)
- Prodcom 29312310 - Electrical or battery operated lighting or visual signalling of a kind used on bicycles
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 U.S. dominates in global imports of motorcycles, bicycles, and parts, accounting for a X% share (based on USD). Germany (X%), France (X%), the Netherlands (X%), and Japan (X%) followed. In 2015, U.S. imports of motorcy
367
In August 2022, the automotive lighting price amounted to $12 per unit (CIF, US), increasing by 14% against the previous month.
853
Global lighting equipment imports stood at X tons in 2016, descending by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the perio...
843
Global lighting equipment imports stood at X tons in 2016, descending by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the perio...
1133
The U.S. dominates in global imports of motorcycles, bicycles, and parts, accounting for a X% share (based on USD). Germany (X%), France (X%), the Netherlands (X%), and Japan (X%) followed. In 2015, U.S. imports of motorcy
367
In August 2022, the automotive lighting price amounted to $12 per unit (CIF, US), increasing by 14% against the previous month.
853
Global lighting equipment imports stood at X tons in 2016, descending by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the perio...
843
Global lighting equipment imports stood at X tons in 2016, descending by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the perio...
