Republic of Korea: Market for Ultraviolet Or Infrared Lamps And Arc Lamps 2025

Market Size for Ultraviolet Or Infrared Lamps And Arc Lamps in Republic of Korea

The South Korean market for ultraviolet or infrared lamps and arc lamps soared to $X in 2021, with an increase of 26% against the previous year. Overall, consumption, however, recorded a mild reduction. Ultraviolet, infrared, or arc lamp consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Ultraviolet Or Infrared Lamps And Arc Lamps in Republic of Korea

In value terms, ultraviolet, infrared, or arc lamp production surged to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2019 with an increase of 147%. Ultraviolet, infrared, or arc lamp production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Exports of Ultraviolet Or Infrared Lamps And Arc Lamps

Exports from Republic of Korea

In 2021, shipments abroad of ultraviolet or infrared lamps and arc lamps increased by 6.1% to X units, rising for the fourth year in a row after three years of decline. Overall, exports, however, continue to indicate a slight shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 153% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, ultraviolet, infrared, or arc lamp exports contracted sharply to $X in 2021. In general, exports, however, continue to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 94%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for ultraviolet, infrared, or arc lamp exports from South Korea, with a 34% share of total exports. Moreover, ultraviolet, infrared, or arc lamp exports to the United States exceeded the volume sent to the second major destination, China (X units), tenfold. Taiwan (Chinese) (X units) ranked third in terms of total exports with a 2.3% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +28.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-5.5% per year) and Taiwan (Chinese) (-25.1% per year).

In value terms, the largest markets for ultraviolet, infrared, or arc lamp exported from South Korea were China ($X), the United States ($X) and Vietnam ($X), together comprising 57% of total exports.

The United States, with a CAGR of +20.5%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for ultraviolet or infrared lamps and arc lamps amounted to $X per unit, which is down by -22.2% against the previous year. Overall, the export price recorded a noticeable decrease. The growth pace was the most rapid in 2016 when the average export price increased by 57% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per unit), while the average price for exports to the United States ($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 Singapore (+37.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ultraviolet Or Infrared Lamps And Arc Lamps

Imports into Republic of Korea

In 2021, purchases abroad of ultraviolet or infrared lamps and arc lamps increased by 4.6% to X units, rising for the fourth consecutive year after three years of decline. Overall, imports, however, continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 14%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, ultraviolet, infrared, or arc lamp imports skyrocketed to $X in 2021. In general, imports, however, recorded a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Japan (X units) and Poland (X units) were the main suppliers of ultraviolet, infrared, or arc lamp imports to South Korea, together comprising 81% of total imports. Germany, Italy and the United States lagged somewhat behind, together comprising a further 8%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +19.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of ultraviolet or infrared lamps and arc lamps to South Korea, comprising 41% of total imports. The second position in the ranking was taken by Germany ($X), with a 20% share of total imports. It was followed by the United States, with an 8.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan amounted to -4.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.7% per year) and the United States (-1.6% per year).

Import Prices by Country

In 2021, the average import price for ultraviolet or infrared lamps and arc lamps amounted to $X per unit, rising by 15% against the previous year. Over the last nine years, it increased at an average annual rate of +2.2%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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 ($X per unit), while the price for Poland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+49.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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