U.S.: Market for Residential, Commercial and Industrial Lighting Fixture 2023

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 increased by 9.9% to $X for the first time since 2018, thus ending a two-year declining trend. The market value increased at an average annual rate of +5.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Consumption of peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Residential, Commercial and Industrial Lighting Fixture in the U.S.

In value terms, production of residential, commercial and industrial lighting fixture shrank to $X in 2021. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The growth pace was the most rapid in 2016 with an increase of 9.5% against the previous year. Production of peaked at $X in 2020, and then dropped slightly in the following year.

Exports of Residential, Commercial and Industrial Lighting Fixture

Exports from the U.S.

In 2021, after six years of decline, there was growth in shipments abroad of residential, commercial and industrial lighting fixture, when their volume increased by 3.2% to X units. Overall, exports, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2014 with an increase of 7.9%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports of failed to regain momentum.

In value terms, exports of residential, commercial and industrial lighting fixture skyrocketed to $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X units) was the main destination for exports of residential, commercial and industrial lighting fixture from the United States, with a 79% share of total exports. Moreover, exports of residential, commercial and industrial lighting fixture to Canada exceeded the volume sent to the second major destination, Mexico (X units), more than tenfold. China (X units) ranked third in terms of total exports with a 2% share.

From 2012 to 2021, the average annual growth rate of volume to Canada totaled -5.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-7.8% per year) and China (+1.2% per year).

In value terms, Canada ($X) remains the key foreign market for residential, commercial and industrial lighting fixture exports from the United States, comprising 72% of total exports. The second position in the ranking was held by Mexico ($X), with a 7.6% share of total exports. It was followed by the UK, with a 1.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada amounted to +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+0.6% per year) and the UK (-3.2% per year).

Export Prices by Country

The average export price for residential, commercial and industrial lighting fixture stood at $X per unit in 2021, rising by 16% against the previous year. Over the period under review, the export price enjoyed prominent growth. The growth pace was the most rapid in 2020 when the average export price increased by 35% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was the UK ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Residential, Commercial and Industrial Lighting Fixture

Imports into the U.S.

In 2021, purchases abroad of residential, commercial and industrial lighting fixture was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. The total import volume increased at an average annual rate of +4.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 12%. Imports peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of residential, commercial and industrial lighting fixture soared to $X in 2021. Over the period under review, total imports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of residential, commercial and industrial lighting fixture to the United States, accounting for a 72% share of total imports. Moreover, imports of residential, commercial and industrial lighting fixture from China exceeded the figures recorded by the second-largest supplier, Mexico (X units), sixfold. Vietnam (X units) ranked third in terms of total imports with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +5.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-2.6% per year) and Vietnam (+54.1% per year).

In value terms, China ($X) constituted the largest supplier of residential, commercial and industrial lighting fixture to the United States, comprising 57% of total imports. The second position in the ranking was taken by Mexico ($X), with a 23% share of total imports. It was followed by Canada, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (+5.3% per year) and Canada (+8.1% per year).

Import Prices by Country

The average import price for residential, commercial and industrial lighting fixture stood at $X per unit in 2021, picking up by 5.4% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 12% against the previous year. The import price peaked at $X per unit in 2015; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Mexico ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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