Ultraviolet, Infrared, or Arc Lamp Market

The article provides detailed insights into the global market for ultraviolet, infrared, or arc lamps, highlighting the forecasted contraction in consumption and production trends over the next eight years. It discusses key consuming countries, import and export trends, average prices, and growth rates in value and volume terms. The analysis sheds light on the challenges and opportunities facing the market, offering valuable information for stakeholders looking to understand and navigate the evolving landscape of ultraviolet, infrared, or arc lamp industry.

Market Forecast

Depressed by shrinking demand for ultraviolet, infrared, or arc lamp worldwide, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -1.1% for the period from 2022 to 2030, which is projected to depress the market volume to 223M units by the end of 2030.

In value terms, the market is forecast to contract with an anticipated CAGR of -0.1% for the period from 2022 to 2030, which is projected to bring the market value to $7B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Ultraviolet Or Infrared Lamps And Arc Lamps

In 2022, approx. 244M units of ultraviolet or infrared lamps and arc lamps were consumed worldwide; which is down by -6.7% against the year before. In general, consumption saw a perceptible downturn. Over the period under review, global consumption attained the maximum volume at 318M units in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

The revenue of the market for ultraviolet or infrared lamps and arc lamps worldwide dropped to $7B in 2022, reducing by -6.4% 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). Over the period under review, consumption continues to indicate a perceptible downturn. Over the period under review, the global market hit record highs at $9.6B in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (43M units), Hungary (25M units) and India (21M units), with a combined 36% share of global consumption. The United States, Japan, Taiwan (Chinese), Indonesia, Vietnam, Mexico, France, Spain, the UK and Canada lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Vietnam (with a CAGR of +27.3%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, China ($1.9B) led the market, alone. The second position in the ranking was taken by Japan ($934M). It was followed by Indonesia.

In China, the ultraviolet, infrared, or arc lamp market decreased by an average annual rate of -3.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (-5.0% per year) and Indonesia (-2.7% per year).

In 2022, the highest levels of ultraviolet, infrared, or arc lamp per capita consumption was registered in Hungary (2,591 units per 1000 persons), followed by Taiwan (Chinese) (413 units per 1000 persons), Canada (130 units per 1000 persons) and Spain (109 units per 1000 persons), while the world average per capita consumption of ultraviolet, infrared, or arc lamp was estimated at 31 units per 1000 persons.

From 2012 to 2022, the average annual rate of growth in terms of the ultraviolet, infrared, or arc lamp per capita consumption in Hungary totaled +6.0%. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+6.4% per year) and Canada (-1.3% per year).

Production

World Production of Ultraviolet Or Infrared Lamps And Arc Lamps

For the third consecutive year, the global market recorded decline in production of ultraviolet or infrared lamps and arc lamps, which decreased by -3.9% to 262M units in 2022. In general, production showed a perceptible decline. The pace of growth appeared the most rapid in 2019 with an increase of 21% against the previous year. Global production peaked at 352M units in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

In value terms, ultraviolet, infrared, or arc lamp production reduced slightly to $10B in 2022 estimated in export price. Overall, production continues to indicate a mild reduction. The pace of growth was the most pronounced in 2018 with an increase of 39%. Over the period under review, global production attained the peak level at $12.3B in 2013; however, from 2014 to 2022, production remained at a lower figure.

Production By Country

China (115M units) constituted the country with the largest volume of ultraviolet, infrared, or arc lamp production, accounting for 44% of total volume. Moreover, ultraviolet, infrared, or arc lamp production in China exceeded the figures recorded by the second-largest producer, Hungary (30M units), fourfold. The third position in this ranking was held by Japan (14M units), with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in China stood at -1.1%. The remaining producing countries recorded the following average annual rates of production growth: Hungary (+2.4% per year) and Japan (-2.3% per year).

Imports

World Imports of Ultraviolet Or Infrared Lamps And Arc Lamps

In 2022, after two years of growth, there was decline in overseas purchases of ultraviolet or infrared lamps and arc lamps, when their volume decreased by -3% to 105M units. Overall, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 6.4%. As a result, imports reached the peak of 110M units. From 2018 to 2022, the growth of global imports remained at a somewhat lower figure.

In value terms, ultraviolet, infrared, or arc lamp imports dropped modestly to $1.6B in 2022. The total import value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 10% against the previous year. As a result, imports reached the peak of $1.6B, and then contracted slightly in the following year.

Imports By Country

In 2022, the United States (17M units), distantly followed by China (10M units), India (9.5M units), Vietnam (7.8M units), the UK (7.6M units) and Thailand (4.7M units) were the major importers of ultraviolet or infrared lamps and arc lamps, together committing 54% of total imports. Singapore (4.2M units), Germany (3.5M units), the Netherlands (2.4M units), Canada (2.3M units), Poland (2.2M units), Belgium (2M units) and Japan (1.7M units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +29.2%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest ultraviolet, infrared, or arc lamp importing markets worldwide were the United States ($273M), China ($189M) and Germany ($100M), together comprising 35% of global imports. Singapore, the UK, Japan, Poland, Canada, the Netherlands, India, Vietnam, Belgium and Thailand lagged somewhat behind, together comprising a further 24%.

In terms of the main importing countries, Vietnam, with a CAGR of +22.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average import price for ultraviolet or infrared lamps and arc lamps stood at $15 per unit in 2022, surging by 2% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2019 an increase of 4.2%. Global import price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($29 per unit), while Thailand ($2.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.9%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Ultraviolet Or Infrared Lamps And Arc Lamps

In 2022, global exports of ultraviolet or infrared lamps and arc lamps amounted to 123M units, growing by 3.1% on the previous year's figure. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when exports increased by 53% against the previous year. The global exports peaked at 169M units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, ultraviolet, infrared, or arc lamp exports totaled $2B in 2022. The total export value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 15%. Over the period under review, the global exports attained the peak figure in 2022 and are likely to continue growth in the near future.

Exports By Country

China dominates exports structure, amounting to 82M units, which was approx. 67% of total exports in 2022. It was distantly followed by Germany (7.1M units), constituting a 5.8% share of total exports. Hungary (5.1M units), the United States (3.9M units), Poland (3.5M units), the UK (3.1M units) and Japan (2.1M units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to ultraviolet, infrared, or arc lamp exports from China stood at +1.8%. At the same time, the UK (+7.8%) and the United States (+5.2%) displayed positive paces of growth. Moreover, the UK emerged as the fastest-growing exporter exported in the world, with a CAGR of +7.8% from 2012-2022. By contrast, Germany (-3.8%), Japan (-5.1%), Hungary (-6.1%) and Poland (-8.2%) illustrated a downward trend over the same period. China (+14 p.p.) significantly strengthened its position in terms of the global exports, while Germany, Hungary and Poland saw its share reduced by -2.3%, -3.2% and -3.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ultraviolet, infrared, or arc lamp supplying countries worldwide were China ($562M), Germany ($412M) and the United States ($209M), together accounting for 60% of global exports.

In terms of the main exporting countries, China, with a CAGR of +14.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average export price for ultraviolet or infrared lamps and arc lamps stood at $16 per unit in 2022, picking up by 5.3% against the previous year. Over the period under review, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ultraviolet, infrared, or arc lamp export price increased by +36.8% against 2020 indices. The growth pace was the most rapid in 2014 when the average export price increased by 48%. The global export price peaked in 2022 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Japan ($88 per unit), while China ($6.8 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+19.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform