CIS: Market for Solar Cells and Light-Emitting Diodes 2024

Market Size for Solar Cells and Light-Emitting Diodes in CIS

The CIS market for solar cells and light-emitting diodes rose markedly to $X in 2022, surging by X% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Solar Cells and Light-Emitting Diodes in CIS

In value terms, solar cells and light-emitting diodes production expanded slightly to $X in 2022 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Solar Cells and Light-Emitting Diodes

Exports in CIS

In 2022, shipments abroad of solar cells and light-emitting diodes decreased by X% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, the exports attained the peak of X units, and then shrank remarkably in the following year.

In value terms, solar cells and light-emitting diodes exports rose modestly to $X in 2022. In general, exports, however, continue to indicate a resilient expansion. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Russia dominates exports structure, finishing at X units, which was near X% of total exports in 2022. The following exporters - Belarus (X units) and Armenia (X units) - together made up X% of total exports.

From 2012 to 2022, average annual rates of growth with regard to solar cells and light-emitting diodes exports from Russia stood at X%. At the same time, Armenia (X%) and Belarus (X%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Russia and Armenia increased by X and X percentage points, respectively.

In value terms, Russia ($X) remains the largest solar cells and light-emitting diodes supplier in the CIS, comprising X% of total exports. The second position in the ranking was taken by Belarus ($X), with a X% share of total exports.

In Russia, solar cells and light-emitting diodes exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (X% per year) and Armenia (X% per year).

Export Prices by Country

In 2022, the export price in the CIS amounted to $X per unit, rising by X% against the previous year. Over the period under review, the export price, however, showed a abrupt shrinkage. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The level of export 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 amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while Armenia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the export price figures.

Imports of Solar Cells and Light-Emitting Diodes

Imports in CIS

Solar cells and light-emitting diodes imports reduced to X units in 2022, with a decrease of X% on 2021. In general, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure at X units in 2021, and then shrank in the following year.

In value terms, solar cells and light-emitting diodes imports dropped to $X in 2022. Overall, imports, however, recorded a remarkable increase. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Russia was the main importer of solar cells and light-emitting diodes in the CIS, with the volume of imports finishing at X units, which was approx. X% of total imports in 2022. Belarus (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Kazakhstan (X%).

Imports into Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Belarus (X%) and Kazakhstan (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Belarus and Kazakhstan increased by X and X percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported solar cells and light-emitting diodes in the CIS, comprising X% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Belarus (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, approximately equating the previous year. In general, the import price, however, saw a abrupt setback. The growth pace was the most rapid in 2015 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Russia ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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