Colombia: Market for Ultraviolet Or Infrared Lamps And Arc Lamps 2024

Market Size for Ultraviolet Or Infrared Lamps And Arc Lamps in Colombia

In 2021, the Colombian market for ultraviolet or infrared lamps and arc lamps increased by 26% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, showed a pronounced decrease. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Exports of Ultraviolet Or Infrared Lamps And Arc Lamps

Exports from Colombia

In 2021, shipments abroad of ultraviolet or infrared lamps and arc lamps increased by 52% to X units, rising for the second year in a row after two years of decline. In general, exports recorded a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of 505%. The exports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, ultraviolet, infrared, or arc lamp exports surged to $X in 2021. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 533% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are likely to continue growth in the near future.

Exports by Country

The United States (X units) was the main destination for ultraviolet, infrared, or arc lamp exports from Colombia, accounting for a 40% share of total exports. Moreover, ultraviolet, infrared, or arc lamp exports to the United States exceeded the volume sent to the second major destination, El Salvador (X units), twofold. The third position in this ranking was held by Ecuador (X units), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +161.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: El Salvador (+18.2% per year) and Ecuador (+43.9% per year).

In value terms, the United States ($X) emerged as the key foreign market for ultraviolet or infrared lamps and arc lamps exports from Colombia, comprising 64% of total exports. The second position in the ranking was held by Ecuador ($X), with a 12% share of total exports. It was followed by Panama, with a 7.8% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +125.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ecuador (+9.4% per year) and Panama (-6.4% per year).

Export Prices by Country

The average export price for ultraviolet or infrared lamps and arc lamps stood at $X per unit in 2021, jumping by 91% against the previous year. Overall, the export price, however, saw a deep downturn. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Guatemala ($X per unit), while the average price for exports to Costa Rica ($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 Guatemala (+10.1%), while the prices for the other major destinations experienced a decline.

Imports of Ultraviolet Or Infrared Lamps And Arc Lamps

Imports into Colombia

In 2021, purchases abroad of ultraviolet or infrared lamps and arc lamps increased by 25% to X units, rising for the second consecutive year after two years of decline. In general, imports, however, saw a pronounced descent. The most prominent rate of growth was recorded in 2017 with an increase of 346% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, ultraviolet, infrared, or arc lamp imports surged to $X in 2021. Over the period under review, imports showed a perceptible increase. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of ultraviolet, infrared, or arc lamp to Colombia, accounting for a 76% share of total imports. Moreover, ultraviolet, infrared, or arc lamp imports from China exceeded the figures recorded by the second-largest supplier, the UK (X units), ninefold. The third position in this ranking was held by Germany (X units), with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+30.3% per year) and Germany (-7.5% per year).

In value terms, the largest ultraviolet, infrared, or arc lamp suppliers to Colombia were China ($X), Germany ($X) and the United States ($X), with a combined 57% share of total imports. These countries were followed by the UK and Mexico, which together accounted for a further 13%.

Among the main suppliers, the UK, with a CAGR of +16.0%, recorded the highest rates of growth with regard to 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 ultraviolet or infrared lamps and arc lamps stood at $X per unit in 2021, increasing by 16% against the previous year. Overall, the import price posted a buoyant expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 221%. The import price peaked at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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