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

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

In 2021, after three years of decline, there was significant growth in the Singaporean market for ultraviolet or infrared lamps and arc lamps, when its value increased by 16% to $X. In general, consumption posted a notable expansion. Ultraviolet, infrared, or arc lamp consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Production of Ultraviolet Or Infrared Lamps And Arc Lamps in Singapore

In value terms, ultraviolet, infrared, or arc lamp production shrank to $X in 2021 estimated in export price. In general, the total production indicated strong growth from 2012 to 2021: its value 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, production decreased by -19.8% against 2018 indices. The growth pace was the most rapid in 2014 with an increase of 49% against the previous year. Ultraviolet, infrared, or arc lamp production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Ultraviolet Or Infrared Lamps And Arc Lamps

Exports from Singapore

In 2021, after two years of growth, there was significant decline in overseas shipments of ultraviolet or infrared lamps and arc lamps, when their volume decreased by -62.9% to X units. Overall, exports saw a perceptible setback. The pace of growth appeared the most rapid in 2015 with an increase of 29%. Over the period under review, the exports attained the peak figure at X units in 2020, and then dropped notably in the following year.

In value terms, ultraviolet, infrared, or arc lamp exports dropped rapidly to $X in 2021. In general, exports showed a deep slump. The most prominent rate of growth was recorded in 2014 when exports increased by 28%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X units), the United States (X units) and India (X units) were the main destinations of ultraviolet, infrared, or arc lamp exports from Singapore, together accounting for 62% of total exports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +65.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), the UK ($X) and Japan ($X) were the largest markets for ultraviolet, infrared, or arc lamp exported from Singapore worldwide, with a combined 60% share of total exports.

Among the main countries of destination, the UK, with a CAGR of +31.9%, saw the highest rates of growth with regard to the value of exports, 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, dropping by -13.4% against the previous year. Overall, the export price saw a perceptible contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by 59%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was South Korea ($X per unit), while the average price for exports to India ($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 Brunei Darussalam (+29.5%), 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 Singapore

Ultraviolet, infrared, or arc lamp imports into Singapore declined significantly to X units in 2021, waning by -20.3% compared with the year before. Overall, imports recorded a pronounced downturn. The pace of growth was the most pronounced in 2017 when imports increased by 532%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, ultraviolet, infrared, or arc lamp imports totaled $X in 2021. Over the period under review, imports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2020 with an increase of 66%. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Indonesia (X units) constituted the largest supplier of ultraviolet, infrared, or arc lamp to Singapore, with a 37% share of total imports. Moreover, ultraviolet, infrared, or arc lamp imports from Indonesia exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was held by Japan (X units), with a 7.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Indonesia totaled +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.8% per year) and Japan (-5.0% per year).

In value terms, Indonesia ($X) constituted the largest supplier of ultraviolet or infrared lamps and arc lamps to Singapore, comprising 43% of total imports. The second position in the ranking was held by Japan ($X), with a 17% share of total imports. It was followed by Germany, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Indonesia amounted to +23.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+2.8% per year) and Germany (+5.0% per year).

Import Prices by Country

The average import price for ultraviolet or infrared lamps and arc lamps stood at $X per unit in 2021, picking up by 26% against the previous year. Overall, the import price posted a buoyant increase. The pace of growth was the most pronounced in 2018 an increase of 298% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is expected to retain growth in the near future.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+30.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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