Northern America: Bicycle Lighting Market 2024

Bicycle Lighting Market Size in Northern America

After six years of growth, the North American bicycle lighting market decreased by X% to $X in 2022. In general, consumption, however, recorded strong growth. Over the period under review, the market attained the peak level at $X in 2021, and then fell remarkably in the following year.

Bicycle Lighting Production in Northern America

In value terms, bicycle lighting production amounted to $X in 2022 estimated in export price. Over the period under review, production recorded a dramatic decline. The most prominent rate of growth was recorded in 2020 with a decrease of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Bicycle Lighting Exports

Exports in Northern America

In 2022, the amount of electrical or battery operated lighting or visual signalling for bicycles exported in Northern America contracted markedly to X units, dropping by X% compared with 2021. Overall, exports faced a dramatic contraction. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, bicycle lighting exports plummeted to $X in 2022. In general, exports recorded a pronounced slump. The pace of growth appeared the most rapid in 2015 with an increase of X%. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States was the largest exporter of electrical or battery operated lighting or visual signalling for bicycles in Northern America, with the volume of exports finishing at X units, which was approx. X% of total exports in 2022. It was distantly followed by Canada (X units), creating a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to bicycle lighting exports from the United States stood at X%. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of X% from 2012-2022. While the share of Canada (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest bicycle lighting supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by Canada ($X), with a X% share of total exports.

In the United States, bicycle lighting exports plunged by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per unit, with a decrease of X% against the previous year. In general, the export price, however, showed a significant increase. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2021, and then dropped notably in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Bicycle Lighting Imports

Imports in Northern America

In 2022, after three years of growth, there was significant decline in supplies from abroad of electrical or battery operated lighting or visual signalling for bicycles, when their volume decreased by X% to X units. Overall, imports recorded a slight slump. The pace of growth was the most pronounced in 2020 with an increase of X%. The volume of import peaked at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, bicycle lighting imports dropped notably to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States dominates imports structure, accounting for X units, which was approx. X% of total imports in 2022. It was distantly followed by Canada (X units), comprising a X% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of electrical or battery operated lighting or visual signalling for bicycles. Canada (X%) illustrated a downward trend over the same period. While the share of the United States (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Canada (X p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported electrical or battery operated lighting or visual signalling for bicycles in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with a X% share of total imports.

In the United States, bicycle lighting imports remained relatively stable over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2022, which is down by X% against the previous year. Import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, bicycle lighting import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. The level of import 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 destination: amid the top importers, the country with the highest price was Canada ($X per unit), while the United States amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%).

Source: IndexBox Platform

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