Report Update: May 1, 2024

Republic of Korea - Ultraviolet Or Infrared Lamps And Arc Lamps - Market Analysis, Forecast, Size, Trends and Insights

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Price for Ultraviolet, Infrared, or Arc Lamp in South Korea - 2022

Price for Ultraviolet, Infrared, or Arc Lamp in South Korea (CIF) - 2022

The average import price for ultraviolet or infrared lamps and arc lamps stood at $33.1 per unit in December 2022, shrinking by -4.2% against the previous month. Over the period from December 2021 to December 2022, it increased at an average monthly rate of +1.9%. The most prominent rate of growth was recorded in February 2022 when the average import price increased by 54% m-o-m. The import price peaked at $34.5 per unit in November 2022, and then dropped in the following month.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($157 per unit), while the price for China ($4.2 per unit) was amongst the lowest.

From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by Italy (+32.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Ultraviolet, Infrared, or Arc Lamp in South Korea (FOB) - 2022

In 2022, the average export price for ultraviolet or infrared lamps and arc lamps amounted to $7.6 per unit, waning by -57.9% against the previous year. In general, the export price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2020 when the average export price increased by 21%. Over the period under review, the average export prices hit record highs at $50 per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($76 per unit), while the average price for exports to the Czech Republic ($2.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ultraviolet, Infrared, or Arc Lamp in South Korea

In 2022, approx. 7.7M units of ultraviolet or infrared lamps and arc lamps were imported into South Korea; rising by 36% on 2021 figures. Over the period under review, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ultraviolet, infrared, or arc lamp imports expanded to $98M in 2022. The total import value increased at an average annual rate of +2.6% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 11% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Import of Ultraviolet, Infrared, or Arc Lamp in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	38.6	36.4	38.3	38.5	-0.1%
Germany	13.4	15.1	18.5	24.8	22.8%
United States	5.8	5.9	7.7	13.9	33.8%
China	5.1	6.3	6.6	6.4	7.9%
Poland	1.8	2.8	3.4	1.9	1.8%
Taiwan (Chinese)	1.2	1.3	0.8	0.2	-45.0%
Others	25.1	18.1	20.0	12.7	-20.3%
Total	91.1	85.8	95.2	98.3	2.6%

Top Suppliers of Ultraviolet, Infrared, or Arc Lamp to South Korea in 2022:

Germany (2.0M units)
Japan (1.1M units)
Poland (0.7M units)
United States (0.2M units)
Taiwan (Chinese) (0.1M units)
China (0.1M units)

Exports of Ultraviolet, Infrared, or Arc Lamp in South Korea

For the fourth consecutive year, South Korea recorded growth in shipments abroad of ultraviolet or infrared lamps and arc lamps, which increased by 136% to 2.3M units in 2022. In general, exports saw a significant expansion. 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 contracted slightly to $18M in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +16.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 38% against the previous year. The exports peaked at $18M in 2021, and then shrank slightly in the following year.

Export of Ultraviolet, Infrared, or Arc Lamp in South Korea (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	2.3	4.1	5.4	6.7	42.8%
United States	2.2	4.5	3.5	5.5	35.7%
Vietnam	1.0	1.2	1.1	1.2	6.3%
Indonesia	N/A	0.1	0.1	0.6	144.9%
India	0.2	0.2	0.2	0.3	14.5%
Czech Republic	N/A	N/A	N/A	N/A	0%
Others	5.3	5.2	7.4	3.3	-14.6%
Total	11.1	15.3	17.7	17.7	16.8%

Top Export Markets for Ultraviolet, Infrared, or Arc Lamp from South Korea in 2022:

United States (438.9K units)
China (88.0K units)
India (59.2K units)
Vietnam (22.4K units)
Czech Republic (11.8K units)
Indonesia (11.1K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for ultraviolet, infrared, or arc lamp in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 27401570 - Ultraviolet or infrared lamps, arc lamps

Country coverage:

South Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Republic of Korea
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023