Vietnam: Market for Ultraviolet Or Infrared Lamps And Arc Lamps 2025

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

The Vietnamese market for ultraviolet or infrared lamps and arc lamps soared to $X in 2021, rising by 20% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a strong expansion. Ultraviolet, infrared, or arc lamp consumption peaked in 2021 and is likely to see gradual growth in the immediate term.

Exports of Ultraviolet Or Infrared Lamps And Arc Lamps

Exports from Vietnam

In 2021, after three years of growth, there was significant decline in shipments abroad of ultraviolet or infrared lamps and arc lamps, when their volume decreased by -52.7% to X units. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 604% against the previous year. The exports peaked at X units in 2020, and then reduced notably in the following year.

In value terms, ultraviolet, infrared, or arc lamp exports declined markedly to $X in 2021. Over the period under review, exports, however, recorded a significant increase. The growth pace was the most rapid in 2018 when exports increased by 689% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020, and then declined rapidly in the following year.

Exports by Country

The United States (X units) was the main destination for ultraviolet, infrared, or arc lamp exports from Vietnam, with a 47% share of total exports. Moreover, ultraviolet, infrared, or arc lamp exports to the United States exceeded the volume sent to the second major destination, South Korea (X units), threefold. The third position in this ranking was held by Cambodia (X units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +31.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+25.7% per year) and Cambodia (+79.0% per year).

In value terms, the United States ($X) emerged as the key foreign market for ultraviolet or infrared lamps and arc lamps exports from Vietnam, comprising 56% of total exports. The second position in the ranking was taken by Japan ($X), with an 18% share of total exports. It was followed by Cambodia, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +37.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+29.8% per year) and Cambodia (+48.9% per year).

Export Prices by Country

In 2021, the average export price for ultraviolet or infrared lamps and arc lamps amounted to $X per unit, with a decrease of -3.3% against the previous year. In general, the export price continues to indicate a perceptible reduction. The pace of growth was the most pronounced in 2013 when the average export price increased by 98%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per unit), while the average price for exports to South Korea ($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 the United States (+5.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Ultraviolet Or Infrared Lamps And Arc Lamps

Imports into Vietnam

In 2021, the amount of ultraviolet or infrared lamps and arc lamps imported into Vietnam surged to X units, with an increase of 35% against 2020 figures. In general, imports showed significant growth. The growth pace was the most rapid in 2013 with an increase of 114% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in years to come.

In value terms, ultraviolet, infrared, or arc lamp imports fell to $X in 2021. Overall, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 65%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Belgium (X units), Japan (X units) and the United States (X units) were the main suppliers of ultraviolet, infrared, or arc lamp imports to Vietnam, with a combined 63% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Belgium (with a CAGR of +128.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of ultraviolet or infrared lamps and arc lamps to Vietnam, comprising 43% of total imports. The second position in the ranking was taken by Japan ($X), with a 14% share of total imports. It was followed by South Korea, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +10.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+11.7% per year) and South Korea (+14.8% 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, shrinking by -30.4% against the previous year. Overall, the import price recorded a deep downturn. The most prominent rate of growth was recorded in 2019 an increase of 55%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :