U.S.: Market for Residential, Commercial and Industrial Lighting Fixture 2024

Market Size for Residential, Commercial and Industrial Lighting Fixture in the U.S.

In 2021, the U.S. market for residential, commercial and industrial lighting fixture was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption continues to indicate a buoyant expansion. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in years to come.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports from the U.S.

Exports of residential, commercial and industrial lighting fixture from the United States dropped modestly to X units in 2021, shrinking by X% on the previous year. Over the period under review, exports saw a noticeable slump. Over the period under review, the exports of reached the maximum at X units in 2020, and then shrank in the following year.

In value terms, exports of residential, commercial and industrial lighting fixture surged to $X in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. Over the period under review, the exports of reached the maximum at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Canada (X units) and Mexico (X units) were the main destinations of exports of residential, commercial and industrial lighting fixture from the United States. Moreover, exports of residential, commercial and industrial lighting fixture in Canada exceeded the figures recorded by the second-largest exporter, Mexico, tenfold.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Canada (with a CAGR of X%).

In value terms, Canada ($X) and Mexico ($X) were the largest markets for residential, commercial and industrial lighting fixture exported from the United States worldwide. Moreover, exports of residential, commercial and industrial lighting fixture in Canada exceeded the figures recorded by the second-largest exporter, Mexico, ninefold.

In terms of the main countries of destination, Canada, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The average export price for residential, commercial and industrial lighting fixture stood at less than $X per unit in 2022, declining by X% against the previous year. Over the period under review, the export price, however, showed a significant increase. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit, and then reduced remarkably in the following year.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Canada totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (X%).

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Imports of Residential, Commercial and Industrial Lighting Fixture

Imports into the U.S.

In 2021, the amount of residential, commercial and industrial lighting fixture imported into the United States soared to X units, jumping by X% on the year before. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports of hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, imports of residential, commercial and industrial lighting fixture expanded sharply to $X in 2021. In general, total imports indicated prominent growth from 2012 to 2021: its value 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. Over the period under review, imports of hit record highs at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Mexico (X units) and Vietnam (X units) were the main suppliers of imports of residential, commercial and industrial lighting fixture to the United States, together accounting for X% of total imports. Moreover, imports of residential, commercial and industrial lighting fixture in China exceeded the figures recorded by the second-largest supplier, Mexico, sixfold.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Mexico ($X) and Canada ($X) were the largest residential, commercial and industrial lighting fixture suppliers to the United States, together comprising X% of total imports. Vietnam and Thailand lagged somewhat behind, together comprising a further X%. Moreover, imports of residential, commercial and industrial lighting fixture in China exceeded the figures recorded by the second-largest supplier, Mexico, twofold.

In terms of the main suppliers, Vietnam, with a CAGR of X%, saw the highest growth rate of 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

The average import price for residential, commercial and industrial lighting fixture stood at less than $X per unit in 2022, dropping by X% against the previous year. Overall, the import price continues to indicate a abrupt decline. The growth pace was the most rapid in 2015 an increase of X%. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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