Canada: Bicycle Lighting Market 2024

Bicycle Lighting Market Size in Canada

The Canadian bicycle lighting market fell significantly to $X in 2022, dropping by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Bicycle Lighting Exports

Exports from Canada

In 2022, the amount of electrical or battery operated lighting or visual signalling for bicycles exported from Canada skyrocketed to X units, with an increase of X% against the year before. In general, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, bicycle lighting exports stood at $X in 2022. Overall, exports continue to indicate a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. The exports peaked at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for bicycle lighting exports from Canada, accounting for a X% share of total exports. Moreover, bicycle lighting exports to the United States exceeded the volume sent to the second major destination, Spain (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and the UK (X% per year).

In value terms, the United States ($X) remains the key foreign market for electrical or battery operated lighting or visual signalling for bicycles exports from Canada, comprising X% of total exports. The second position in the ranking was taken by Spain ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (X% per year) and the UK (X% per year).

Export Prices by Country

In 2022, the average bicycle lighting export price amounted to $X per unit, waning by X% against the previous year. Over the period under review, the export price, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Spain ($X 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 the United States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Bicycle Lighting Imports

Imports into Canada

In 2022, approx. X units of electrical or battery operated lighting or visual signalling for bicycles were imported into Canada; shrinking by X% against 2021 figures. In general, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, bicycle lighting imports reduced rapidly to $X in 2022. Over the period under review, imports, however, showed a temperate expansion. The growth pace was the most rapid in 2015 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and the United States (X units) were the main suppliers of bicycle lighting imports to Canada, together accounting for X% of total imports. These countries were followed by the Philippines, which accounted for a further X%.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest bicycle lighting suppliers to Canada were China ($X), Taiwan (Chinese) ($X) and the United States ($X), together accounting for X% of total imports. The Philippines lagged somewhat behind, accounting for a further X%.

Among the main suppliers, the Philippines, with a CAGR of X%, recorded 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 bicycle lighting import price stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the import price continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2018 an increase of X% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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