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U.S. Christmas Decoration Import Price August 2022

The average christmas decoration price stood at $3 per unit in August 2022, declining by -9.5% against the previous month. In general, the import price recorded a perceptible shrinkage. The most prominent rate of growth was recorded in May 2022 an increase of 5% month-to-month. Over the period under review, average import prices attained the maximum at $3.6 per unit in January 2022; however, from February 2022 to August 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In August 2022, the country with the highest price was India ($3.4K per thousand units), while the price for China totaled $2.9K per thousand units.

From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by India (+0.7%).

Import Price (USD per unit)

U.S. Christmas Decoration Imports

For the sixth month in a row, the United States recorded growth in supplies from abroad of christmas decoration, which increased by 84% to 377M units in August 2022. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in June 2022 when imports increased by 200% month-to-month. Imports peaked in August 2022.

In value terms, christmas decoration imports soared to $1.1B (IndexBox estimates) in August 2022. Over the period under review, imports saw significant growth. The most prominent rate of growth was recorded in June 2022 with an increase of 183% m-o-m. Over the period under review, imports hit record highs in August 2022.

U.S. Christmas Decoration Imports by Country

In August 2022, China (356M units) was the main christmas decoration supplier to the United States, accounting for a 94% share of total imports. It was followed by India (6M units), with a 1.6% share of total imports.

From January 2022 to August 2022, the average monthly growth rate of volume from China amounted to +71.4%.

In value terms, China ($1B) constituted the largest supplier of christmas decoration to the United States, comprising 92% of total imports. The second position in the ranking was taken by India ($20M), with a 1.8% share of total imports.

From January 2022 to August 2022, the average monthly rate of growth in terms of value from China totaled +66.5%.

Source: https://www.indexbox.io/blog/christmas-decoration-price-august-2022/

IndexBox has just published a new report: ‘U.S. – Lighting Sets For Christmas Trees – Market Analysis, Forecast, Size, Trends and Insights’. Here is a summary of the report’s key findings.

This year, Americans have to pay more for Christmas lights, as the average import price for lighting sets soared by 7% compared to the figures of 2020, reaching $3.08 per unit. The reduction in global production of lighting decorations and skyrocketed freight rates, combined with the increased cost of raw materials and energy resources, led to this spike in prices. Throughout January-October 2021, U.S.Christmas lighting set imports totaled $511M, 10% more than in the same period a year earlier. In physical terms, the volume of supplies remained nearly unchanged against 2020’s figures, while shipment from China reduced significantly.

U.S. Christmas Lighting Set Imports in 2021

The average import price for Christmas lighting sets in the U.S. soared by 7% y-o-y to $3.08 per unit. Over the ten months of 2021, the average prices of products purchased from major suppliers were the following: Cambodia ($3.10 per unit; increase of +5.0% y-o-y,), Philippines ($3.17 per unit; +25% y-o-y), China ($3.75 per unit; +5.0% y-o-y).

From January to October 2021, the U.S. imported 150M units of lighting sets worth $511M. In value terms, imports rose by +10% compared to the same period last year, while the purchases in physical terms remained nearly unchanged.

China’s supplies fell by -20% to 15.5M units or by -23% to $66.7M in monetary terms. This decrease was offset by rising imports from Cambodia, Viet Nam, Mexico, the Philippines, Malaysia, Australia, the Netherlands and Hong Kong. Compared to the same period in 2020, this year’s growths of shipments from major suppliers were the following: Cambodia (+1.4%, to 91.3М units), Philippines (+3.3%, to 24.7M units), Mexico (+2.9% to 12.7M units).

Imports from Viet Nam soared from 930K units to 3.2M units. Moreover, Malaysia, Australia, the Netherlands and Hong Kong have also significantly expanded their lighting set exports to the U.S.

U.S. Christmas Lighting Set Imports in 2020

Last year, imports of lighting sets for Christmas trees into the U.S. amounted to 149M units. In value terms, purchases shrank modestly to $479M (IndexBox estimates). The U.S. remained the largest importer, accounting for 22% of global import volume.

Cambodia ($288M) constituted the largest supplier of lighting set for Christmas trees to the U.S., comprising 60% of total imports. The second position in the ranking was occupied by China ($90M), with a 19% share of total imports. It was followed by the Philippines, with a 14% share.

The growth rate of value from Cambodia amounted to +21.5% y-o-y. The remaining supplying countries recorded the following average annual rates of imports growth: China (-36.4% y-o-y) and the Philippines (-20.1% y-o-y).

Source: IndexBox Platform

U.S. Christmas Decoration Price Declines 10% to $3 per Unit

U.S. Christmas Decoration Import Price August 2022

U.S. Christmas Decoration Imports

U.S. Christmas Decoration Imports by Country

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