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

Market Size for Ultraviolet Or Infrared Lamps And Arc Lamps in the Philippines

The Philippine market for ultraviolet or infrared lamps and arc lamps totaled $X in 2022, surging by X% against the previous year. Overall, consumption, however, continues to indicate a drastic downturn. Ultraviolet, infrared, or arc lamp consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Ultraviolet Or Infrared Lamps And Arc Lamps in the Philippines

In value terms, ultraviolet, infrared, or arc lamp production skyrocketed to $X in 2022 estimated in export price. In general, production, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Ultraviolet Or Infrared Lamps And Arc Lamps

Exports from the Philippines

In 2022, overseas shipments of ultraviolet or infrared lamps and arc lamps increased by X% to X units, rising for the third year in a row after two years of decline. Overall, exports posted a strong increase. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, ultraviolet, infrared, or arc lamp exports skyrocketed to $X in 2022. In general, exports, however, recorded a mild reduction. The most prominent rate of growth was recorded in 2017 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Japan (X units), the United States (X units) and China (X units) were the main destinations of ultraviolet, infrared, or arc lamp exports from the Philippines, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Singapore ($X) constituted the largest markets for ultraviolet, infrared, or arc lamp exported from the Philippines worldwide, together comprising X% of total exports. The United States, Taiwan (Chinese), Germany and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

Germany, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for ultraviolet or infrared lamps and arc lamps amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X 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 export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Hong Kong SAR ($X 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 Singapore (X%), while the prices for the other major destinations experienced a decline.

Imports of Ultraviolet Or Infrared Lamps And Arc Lamps

Imports into the Philippines

For the third year in a row, the Philippines recorded decline in purchases abroad of ultraviolet or infrared lamps and arc lamps, which decreased by X% to X units in 2022. Over the period under review, imports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, ultraviolet, infrared, or arc lamp imports rose markedly to $X in 2022. In general, imports, however, enjoyed buoyant growth. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan (X units), China (X units) and Germany (X units) were the main suppliers of ultraviolet, infrared, or arc lamp imports to the Philippines, with a combined X% share of total imports. Hong Kong SAR, Taiwan (Chinese), the United States, Singapore and South Korea lagged somewhat behind, together comprising a further X%.

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

In value terms, Japan ($X) constituted the largest supplier of ultraviolet or infrared lamps and arc lamps to the Philippines, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The average import price for ultraviolet or infrared lamps and arc lamps stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the import price continues to indicate significant growth. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The import price peaked in 2022 and is likely to continue growth in the immediate term.

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 ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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