India - Solar Cells and Light-Emitting Diodes - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Solar Cells and Light-Emitting Diodes in India - 2022
Contents:
- Price for Solar Cells and Light-Emitting Diodes in India (CIF) - 2022
- Price for Solar Cells and Light-Emitting Diodes in India (FOB) - 2022
- Imports of Solar Cells and Light-Emitting Diodes in India
- Exports of Solar Cells and Light-Emitting Diodes in India
Price for Solar Cells and Light-Emitting Diodes in India (CIF) - 2022
In 2022, the average import price for solar cells and light-emitting diodes amounted to $42 per unit, jumping by 264% against the previous year. Overall, the import price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2014 when the average import price increased by 655% against the previous year. The import price peaked at $192 per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($42 per unit) and Hong Kong SAR ($42 per unit), while the price for Singapore ($42 per unit) and China ($42 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Solar Cells and Light-Emitting Diodes in India (FOB) - 2022
The average export price for solar cells and light-emitting diodes stood at $2.5 per unit in 2022, dropping by -60.2% against the previous year. Over the period under review, the export price continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2013 when the average export price increased by 132% against the previous year. Over the period under review, the average export prices hit record highs at $11 per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($2.5 per unit) and South Africa ($2.5 per unit), while the average price for exports to Italy ($2.5 per unit) and Turkey ($2.5 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (-2.6%), while the prices for the other major destinations experienced a decline.
Imports of Solar Cells and Light-Emitting Diodes in India
In 2022, the amount of solar cells and light-emitting diodes imported into India shrank to 333M units, reducing by -7.8% compared with the previous year. Over the period under review, imports showed a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. Over the period under review, imports attained the maximum at 417M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, solar cells and light-emitting diodes imports soared to $14B in 2022. Overall, imports, however, enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Solar Cells and Light-Emitting Diodes in India (Billion USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1.8 | 1.3 | 3.6 | 11.9 | 87.7% |
Hong Kong SAR | 0.1 | 0.1 | 0.2 | 0.8 | 100.0% |
Singapore | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
Vietnam | 0.2 | N/A | N/A | 0.2 | 0.0% |
Thailand | 0.1 | N/A | N/A | 0.2 | 26.0% |
Others | 0.1 | 0.1 | 0.2 | 0.6 | 81.7% |
Total | 2.5 | 1.5 | 4.2 | 14.0 | 77.6% |
Top Suppliers of Solar Cells and Light-Emitting Diodes to India in 2022:
- China (283.6M units)
- Hong Kong SAR (19.4M units)
- Singapore (5.9M units)
- Vietnam (5.3M units)
- Thailand (4.7M units)
Exports of Solar Cells and Light-Emitting Diodes in India
In 2022, the amount of solar cells and light-emitting diodes exported from India contracted to 24M units, with a decrease of -9.5% on the previous year's figure. Overall, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year. The exports peaked at 31M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, solar cells and light-emitting diodes exports plummeted to $59M in 2022. In general, exports faced a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of 45%. Over the period under review, the exports hit record highs at $199M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Solar Cells and Light-Emitting Diodes in India (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 150 | 88.1 | 127 | 44.3 | -33.4% |
Vietnam | 16.2 | 0.8 | 0.1 | 2.4 | -47.1% |
South Africa | 4.6 | 4.1 | 5.6 | 1.8 | -26.9% |
Turkey | 4.8 | 3.8 | 1.6 | 1.3 | -35.3% |
Others | 23.3 | 17.0 | 30.5 | 9.7 | -25.3% |
Total | 199 | 114 | 165 | 59.5 | -33.1% |
Top Export Markets for Solar Cells and Light-Emitting Diodes from India in 2022:
- United States (17.8M units)
- Vietnam (1.0M units)
- South Africa (0.7M units)
- Turkey (0.5M units)
This report provides an in-depth analysis of the market for solar cells and light-emitting diodes in India. 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 26112220 - Semiconductor light emitting diodes (LEDs)
- Prodcom 26112240 - Photosensitive semiconductor devices, solar cells, photodiodes, p hoto-transistors, etc.
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- 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
- Find deeper insights into current market developments
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In November 2022, the import price for diodes in India stood at $20.6 per thousand units (CIF, India), with an increase of 15% against the previous month. The trend pattern showed some fluctuations, but overall, prices increased at an average monthly rate of +3.6% over the last nine months. Japan had the highest price ($58.0 per thousand units), while China had one of the lowest ($12.0 per thousand units). In terms of imports, China constituted the largest supplier to India with a 57% share of total imports, followed by Hong Kong SAR (10%) and Singapore (10%). The average volume growth rate from China stood at -5.8%, while Hong Kong SAR experienced a monthly growth rate of +6.9% and Singapore at +3.6%.
The imports of Semiconductor Thyristor experienced a lower growth from February 2023 to October 2023. In terms of value, the imports surged to $4.5M in October 2023.
Global exports of solar cells and light-emitting diodes rose from $56.4 in 2019 to $57.5B in 2020. China remains the leading supplier of solar cells and diodes worldwide, while the U.S. is the largest importer.
The global solar panel market accelerates along with the unabated shift towards renewable energy. China, the leader in solar panel exports, will enjoy robust foreign demand while the domestic purchases may slow due to tariff subsidies cut. The U.S. experiences a surge in solar power generation, thanks to the increasing affordability of solar cells and robust suburban construction. The EU, Asia-Pacific, Mexico and Australia are also emerging as the most promising markets due to the swift adoption of solar generation capacities.
Explore the top import markets for diodes worldwide, including China, Hong Kong SAR, Germany, and more. Gain insights into key statistics and numbers to understand the diode import market.
Global diode imports amounted to X tons in 2016, picking up by X% against the previous year figure. Overall, it indicated a tangible growth from 2007 to 2016: the total imports volume increased ...
Global diode imports amounted to X tons in 2016, picking up by X% against the previous year figure. Overall, it indicated a tangible growth from 2007 to 2016: the total imports volume increased ...
Discover the top import markets for transistors and key statistics in the global market. China, Hong Kong SAR, Germany, Singapore, and more lead the way in transistor imports.
In November 2022, the import price for diodes in India stood at $20.6 per thousand units (CIF, India), with an increase of 15% against the previous month. The trend pattern showed some fluctuations, but overall, prices increased at an average monthly rate of +3.6% over the last nine months. Japan had the highest price ($58.0 per thousand units), while China had one of the lowest ($12.0 per thousand units). In terms of imports, China constituted the largest supplier to India with a 57% share of total imports, followed by Hong Kong SAR (10%) and Singapore (10%). The average volume growth rate from China stood at -5.8%, while Hong Kong SAR experienced a monthly growth rate of +6.9% and Singapore at +3.6%.
The imports of Semiconductor Thyristor experienced a lower growth from February 2023 to October 2023. In terms of value, the imports surged to $4.5M in October 2023.