Price for Lamps; Ultra-Violet or Infra-Red Lamps, (Excluding Arc-Lamps) in South Korea - 2022

Contents:

1. Price for Lamps; Ultra-Violet or Infra-Red Lamps, (Excluding Arc-Lamps) in South Korea (CIF) - 2022
2. Price for Lamps; Ultra-Violet or Infra-Red Lamps, (Excluding Arc-Lamps) in South Korea (FOB) - 2022
3. Imports of Lamps; Ultra-Violet or Infra-Red Lamps, (Excluding Arc-Lamps) in South Korea
4. Exports of Lamps; Ultra-Violet or Infra-Red Lamps, (Excluding Arc-Lamps) in South Korea

Price for Lamps; Ultra-Violet or Infra-Red Lamps, (Excluding Arc-Lamps) in South Korea (CIF) - 2022

In 2022, the average import price for lamps; ultra-violet or infra-red lamps, (excluding arc-lamps)s amounted to $16 per unit, which is down by -7.8% against the previous year. Over the period under review, the import price recorded a noticeable shrinkage. The most prominent rate of growth was recorded in 2015 an increase of 11%. Over the period under review, average import prices attained the maximum at $26 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($164 per unit), while the price for China ($4.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+19.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Lamps; Ultra-Violet or Infra-Red Lamps, (Excluding Arc-Lamps) in South Korea (FOB) - 2022

In 2022, the average export price for lamps; ultra-violet or infra-red lamps, (excluding arc-lamps)s amounted to $33 per unit, picking up by 6.5% against the previous year. Overall, the export price, however, recorded a noticeable reduction. The pace of growth was the most pronounced in 2017 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 $43 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($79 per unit), while the average price for exports to Thailand ($1.1 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 (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Lamps; Ultra-Violet or Infra-Red Lamps, (Excluding Arc-Lamps) in South Korea

For the fourth year in a row, South Korea recorded growth in purchases abroad of lamps; ultra-violet or infra-red lamps, (excluding arc-lamps)s, which increased by 2.5% to 3.9M units in 2022. The total import volume increased at an average annual rate of +1.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 3% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of lamps; ultra-violet or infra-red lamps, (excluding arc-lamps)s declined to $63M in 2022. In general, imports, however, recorded a perceptible downturn. The growth pace was the most rapid in 2021 when imports increased by 7.3% against the previous year. Over the period under review, imports of attained the maximum at $68M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Lamps; Ultra-Violet or Infra-Red Lamps, (Excluding Arc-Lamps) to South Korea in 2022:

1. Japan (2351.7K units)
2. China (1146.1K units)
3. Poland (109.1K units)
4. Germany (70.6K units)
5. United States (65.0K units)
6. Taiwan (Chinese) (35.3K units)

Exports of Lamps; Ultra-Violet or Infra-Red Lamps, (Excluding Arc-Lamps) in South Korea

After three years of growth, overseas shipments of lamps; ultra-violet or infra-red lamps, (excluding arc-lamps)s decreased by -9.3% to 475K units in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +14.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 32%. As a result, the exports reached the peak of 523K units, and then reduced in the following year.

In value terms, exports of lamps; ultra-violet or infra-red lamps, (excluding arc-lamps)s dropped to $16M in 2022. Overall, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +17.5% 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 +62.2% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 47% against the previous year. The exports peaked at $16M in 2021, and then reduced modestly in the following year.

Top Export Markets for Lamps; Ultra-Violet or Infra-Red Lamps, (Excluding Arc-Lamps) from South Korea in 2022:

1. China (120.3K units)
2. India (62.2K units)
3. United States (60.5K units)
4. Thailand (52.1K units)
5. Vietnam (29.7K units)
6. Russia (23.5K units)
7. Mexico (16.8K units)
8. Indonesia (14.8K units)
9. Canada (14.4K units)
10. Taiwan (Chinese) (12.6K units)
11. Chile (10.3K units)
12. Czech Republic (7.4K units)
13. Hong Kong SAR (0.4K units)

Source: IndexBox Market Intelligence Platform