Northern America: Market for Ultraviolet Or Infrared Lamps And Arc Lamps 2024

Market Size for Ultraviolet Or Infrared Lamps And Arc Lamps in Northern America

The North American market for ultraviolet or infrared lamps and arc lamps skyrocketed to $X in 2021, rising by 15% against the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in years to come.

Production of Ultraviolet Or Infrared Lamps And Arc Lamps in Northern America

In value terms, ultraviolet, infrared, or arc lamp production surged to $X in 2021 estimated in export price. Overall, production saw a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 192%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Ultraviolet Or Infrared Lamps And Arc Lamps

Exports in Northern America

In 2021, overseas shipments of ultraviolet or infrared lamps and arc lamps increased by 42% to X units, rising for the second year in a row after two years of decline. Total exports indicated strong growth from 2012 to 2021: its volume increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +42.9% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, ultraviolet, infrared, or arc lamp exports surged to $X in 2021. The total export value increased at an average annual rate of +5.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States prevails in exports structure, reaching X units, which was near 90% of total exports in 2021. It was distantly followed by Canada (X units), committing a 10% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to ultraviolet, infrared, or arc lamp exports from the United States stood at +5.3%. At the same time, Canada (+5.9%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +5.9% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) remains the largest ultraviolet, infrared, or arc lamp supplier in Northern America, comprising 78% of total exports. The second position in the ranking was held by Canada ($X), with a 22% share of total exports.

In the United States, ultraviolet, infrared, or arc lamp exports expanded at an average annual rate of +4.8% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per unit, which is down by -12.7% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 16%. Over the period under review, the export prices attained the peak figure at $X per unit in 2020, and then declined in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+4.9%).

Imports of Ultraviolet Or Infrared Lamps And Arc Lamps

Imports in Northern America

In 2021, the amount of ultraviolet or infrared lamps and arc lamps imported in Northern America skyrocketed to X units, rising by 17% compared with 2020. The total import volume increased at an average annual rate of +3.2% 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 2014 with an increase of 24%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, ultraviolet, infrared, or arc lamp imports skyrocketed to $X in 2021. Over the period under review, imports saw a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X units) represented the main importer of ultraviolet or infrared lamps and arc lamps, making up 89% of total imports. It was distantly followed by Canada (X units), creating an 11% share of total imports.

Imports into the United States increased at an average annual rate of +2.9% from 2012 to 2021. At the same time, Canada (+5.8%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +5.8% from 2012-2021. From 2012 to 2021, the share of Canada increased by +2.2 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported ultraviolet or infrared lamps and arc lamps in Northern America, comprising 84% of total imports. The second position in the ranking was taken by Canada ($X), with a 16% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States was relatively modest.

Import Prices by Country

In 2021, the import price in Northern America amounted to $X per unit, picking up by 3.4% against the previous year. Overall, the import price, however, recorded a perceptible decrease. The most prominent rate of growth was recorded in 2016 when the import price increased by 13%. The level of import peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-2.2%).

Source: IndexBox Platform

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